493 Settlement Road, Cowes, VIC 3922 sold on 27 January 2026 | OnTheHouse
 
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Sold on 27 Jan 2026 for $460,000

493 Settlement Road
Cowes VIC 3922

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 619m2
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Property Details for 493 Settlement Rd, Cowes

493 Settlement Rd, Cowes is a 2 bedroom, 1 bathroom House. The property has a land size of 619m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 2 bedroom House sold in Cowes in the last 12 months.

Building Type
House
Land Size
619m2

Last Listing description (January 2026)

Perfectly positioned just a 10-minute walk to the beach(approx), this charming 2-bedroom, 1-bathroom home in Cowes offers incredible value and potential - making it the ideal opportunity for first-home buyers looking to enter the market.

Set on a full-size block, there's plenty of room to grow. Whether you're dreaming of an outdoor entertaining area, a larger family home, or a future extension (STCA), this property provides the space and flexibility to make it your own over time.

Inside, you'll find a light-filled and comfortable layout featuring a split-system heating and cooling unit for year-round comfort. The home is neat, welcoming, and ready to move straight in - or rent out immediately as a great low-maintenance investment.

This property presents a fantastic entry into the market with plenty of scope for future growth.
- Fantastic first-home buyer opportunity
- Full-size block with room to extend
- 2 bedrooms, 1 bathroom
- Split system heating & cooling
- 10-minute walk to the beach
- Move in or rent out straight away

This is your chance to secure your first home and enjoy the relaxed coastal lifestyle Cowes is famous for - with space to expand and grow in the years ahead!

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Property History for 493 Settlement Rd, Cowes, VIC 3922

A timeline of how this property has performed in the market
Last Sold
$460,000
27 Jan 2026
Listed for Rent
$270/w
09 Jun 2020
  • 27 Jan 2026
    Sold for $460,000
  • 29 Oct 2025
    Listed for Sale $480,000
  • 30 Apr 2020
    Listed for Rent $270 / week
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About 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 8,444 properties. Over the last 5 years, Houses in Cowes have seen a 23.10% increase in median value, while Units have seen a 42.95% increase. As at 31 December 2025:

  • The median value for Houses in Cowes is $722,608 while the median value for Units is $561,965.
  • Houses have a median rent of $490 while Units have a median rent of $430.
There are currently 96 properties listed for sale, and 22 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 285 properties were sold in the past 12 months in Cowes.

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