394 Settlement RoadCowes VIC 3922
Property Details for 394 Settlement Rd, Cowes
394 Settlement Rd, Cowes is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 811m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (July 2025)
This impressive 5-bedroom, 2-bathroom home boasts a proven return on investment through Airbnb and at this bargain price, it makes an attractive option for investors seeking a lucrative income stream.
Boasting a prime position in Cowes, this property presents an exceptional opportunity for both homeowners and investors alike. Its proximity to the vibrant main street ensures easy access to restaurants, cafes, shops, and stunning beaches, promising a lifestyle of leisure and relaxation, it's no surprise that guests are drawn to this haven time and time again.
The exterior of the home features landscaped gardens that adorns the generous 811sqm block. Whether you're enjoying the sea-breeze, or hosting outside gatherings with family and friends, the outdoor spaces provide the perfect backdrop for memorable moments.
Upon entering the home, you'll be charmed by a blend of luxury living and coastal comfort. The ground level offers two spacious bedrooms, a large theater/rumpus room with adjacent living space, and a renovated bathroom and laundry area, providing ample accommodation and entertainment options for guests or family members.
On the upper level you will find an expansive open-plan living and kitchen area that provides warmth and sophistication to the home, offering the ideal setting for everyday living. Step outside onto the adjacent north-facing balcony and soak in the sun while enjoying your morning coffee. This floor is completed by three spacious bedrooms with built-in robes along with a renovated bathroom.
With it's versatile layout, abundant natural light, and return on investment, this home boasts a rare find in the Phillip Island market. Whether you're seeking a permanent residence, holiday retreat, or investment opportunity, this property ticks all the boxes.
Don't miss your chance to own a slice of profitable paradise in Phillip Island. Schedule your inspection today and experience coastal living at its finest. There is also an option to purchase partially furnished.
If you're an investor, our specialised rental department are here to assist in the management of your future investment. If you would like a current rental appraisal on this property, please contact us today!
Property History for 394 Settlement Rd, Cowes, VIC 3922
- 17 May 2025Sold for $785,000
- 28 Jan 2025Listed for Sale $790,000 - $820,000
- 14 May 2024Listed for Sale Not Disclosed
Recent sales nearby
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0About Cowes 3922
The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2016 was 4839 people. By 2021 the population was 6593 showing a population growth of 36.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation.In 2021, 68.40% of the homes in Cowes were owner-occupied compared with 65.40% in 2016.
Cowes has 8,415 properties. Over the last 5 years, Houses in Cowes have seen a 6.99% increase in median value, while Units have seen a 15.45% increase. As at 30 April 2026:
- The median value for Houses in Cowes is $725,842 while the median value for Units is $531,291.
- Houses have a median rent of $500 while Units have a median rent of $450.
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