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394 Settlement Road, Cowes, VIC 3922, 5 Bedrooms, 2 Bathrooms, House

$829,000

394 Settlement Road, Cowes, VIC 3922

5
2
4
811m2
HouseListed on Tue May 14
Price drop

Cowes 5 Bedroom ?? Holiday Home with Proven Investment at a Bargain Price??

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, just in time for Summer holiday bookings.

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!

Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Cowes Primary School
1.72 km
Primary
Prep-6
Government
icsea: 1015

Property history

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Cowes surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
8 Dianella Way, Cowes
0.17 km
4
3
-m2
Year 2024 Month 11 Day 24
$1,220,000
Council approved
35 Koala Street, Cowes
0.39 km
0
0
-m2
Year 2024 Month 11 Day 06
$475,000
Council approved
24 Anderson Road, Cowes
0.38 km
4
3
-m2
Year 2024 Month 09 Day 25
-
Council approved
26 Anderson Road, Cowes
0.35 km
4
2
-m2
Year 2024 Month 09 Day 16
-
Council approved
34 Seascape Avenue, Cowes
0.12 km
3
2
-m2
Year 2024 Month 08 Day 14
$610,000
Council approved

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Ref:R2-4050452Last update:2025-02-05 04:20:24