20 Happy Valley Dr, Sunset Strip is a 3 bedroom, 1 bathroom House. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Sunset Strip in the last 12 months.
Offers Closing 16/02/2026 at 5:00pm
Positioned in a quiet pocket of Sunset Strip, 20 Happy Valley Drive presents an exceptional opportunity for investors and renovators seeking strong value add potential in a highly desirable coastal setting.
Set on a generous allotment, this three bedroom one bathroom residence offers a solid foundation with ample scope to renovate, modernise or reimagine subject to council approval. The practical floor plan is easy to work with, making it ideal for a cosmetic refresh or a more substantial renovation to enhance rental appeal or future resale value.
The central living area features a charming wood fireplace, capturing the warmth and character of a classic beach house and making it perfect for cosy winter weekends by the coast. Original features throughout add personality and provide an excellent base for those wanting to preserve the home's relaxed seaside charm while improving comfort and functionality.
Outside, the spacious yard offers versatility for outdoor entertaining, future improvements or potential extension, with the added convenience of a garden shed for storing tools or beach equipment.
Enjoying a peaceful location while remaining close to local beaches and Phillip Island's popular attractions, the property is well suited to long term leasing, holiday accommodation, or future redevelopment subject to council approval.
This is a rare opportunity to secure a property with genuine coastal character, solid investment credentials, and clear upside in one of Phillip Island's most sought after locations.
Photo ID is required at all open for inspections.
This Cowes property is proudly presented by Ray White Real Estate Phillip Island.
The size of Sunset Strip is approximately 0.4 square kilometres. It has 1 park covering nearly 2.8% of total area. The population of Sunset Strip in 2016 was 427 people. By 2021 the population was 503 showing a population growth of 17.8% in the area during that time. The predominant age group in Sunset Strip is 30-39 years. Households in Sunset Strip are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sunset Strip work in a trades occupation.In 2021, 69.00% of the homes in Sunset Strip were owner-occupied compared with 61.70% in 2016.
Sunset Strip has 385 properties. Over the last 5 years, Houses in Sunset Strip have seen a 6.78% increase in median value. As at 30 April 2026:
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