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3/29 Steele Street, Cowes$895,000
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3/29 Steele Street

Cowes, VIC 3922, Australia
$895,000
4 bed 3 bath 2 car446 m²

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About this property

Some properties surprise you. Set privately at the end of just three, this one lives far more like a standalone home than its address might suggest. With four bedrooms, three bathrooms, 21 squares of living space and 446 square metres of land, there's genuinely nothing compromised. The location speaks for itself. You're 350 metres from Cowes' north-facing beach, 400 metres from the Recreation Reserve - home to football, soccer, netball and tennis and just a couple of blocks from the main street with its cafes, restaurants and shops. Erehwon Park is a short stroll away. For a property this close to everything, the privacy of this position is a genuine bonus. Built in 2018 and finished to a high standard throughout, what also sets this townhouse apart is the thoughtfulness of the floorplan. The ground floor is built around a generous open plan living, kitchen and dining area that spills out to a covered deck, a space that can be enjoyed year round. The primary bedroom with ensuite and walk-in robe sits on this level, as does a second bedroom with its own bathroom nearby - a layout that works particularly well for guests, extended family or multigenerational living. Upstairs, two further bedrooms are served by a third bathroom and a spacious family room opens onto its own deck; a secondary living zone that gives the home a natural rhythm between levels and ensures no one is ever short of space or light. Double-glazed windows, ducted heating and cooling, ceiling fans throughout, all electric and high quality vinyl flooring that is as durable and low maintenance as it is good looking. The single garage features a rear roller door - a handy additional access with enough room to tuck away a small boat. Driveway parking handles the rest and it's worth noting there are no Owners Corporation costs. A home that genuinely suits permanent living, a relaxed island base or a smart investment in one of Cowes' most walkable pockets. 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 get in contact.

Property Details

Property Type
townhouse
Listing Type
For Sale
Bedrooms
4
Bathrooms
3
Parking
2
Land Area
446 m²
Listed
2 months ago

Repayment calculator

$4,339/month
$2,169 /fortnight
Loan $716,000 at 6.10% over 30 years

Upfront costs

Deposit$179,000
Stamp duty$48,770
Conveyancing (est.)$2,000
Total upfront$229,770
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cowes

This 4-bedroom townhouse in Cowes, VIC 3922 sits within reach of public transport, local shops and nearby schools. It is listed 28% above the $700,000 median of 76 comparable townhouseswithin 5 km.

Schools near Cowes

  • Cowes Primary Schoolprimary · Prep-6 · CoEd
  • Our Lady Star of the Sea Catholic Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Cowes Transit Centre/Church St (bus)363 m away
  • Chinese Massage436 m away
  • Erewhon Point Reserve410 m away
  • Unnamed1.4 km away
  • Unnamed1.6 km away

Cowes at a glance

Full suburb profile
Population
6,593
Median age
55
Household income
$1,026/wk
Median rent
$331/wk
Median mortgage
$1,550/mo

Source: ABS Census.

Due diligence

Property Report

Flood Risk

Complete
Medium flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO)

Cowes on Phillip Island is subject to tidal and storm surge flooding risk due to its coastal location and low-lying topography. The Land Subject to Inundation Overlay (LSIO) applies to flood-prone areas, requiring elevated building design and strict development controls. Historical storm surge and king tide events have affected the township, making flood-aware design essential for new construction.

Planning controls

  • Compliance with LSIO requirements; floor levels must be set above the 1% AEP flood level
  • Development must not impede flood flows or increase flood risk to other properties
  • Mandatory flood risk assessment and engineering sign-off for buildings and fill in overlay areas
  • Restrictions on basement construction and underground parking in high-risk zones
Source: StMate AI — VIC flood overlays06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Cowes price trend

Median sold · House 4 bed

Compound growth -3.7% / yr over 4 yrs

$781kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Cowes market

This listing

Price history

Price history

Listing price changes

2 price changes recorded for this property

See exactly how this listing's price has moved over time— a paid feature. The figures aren't shown publicly.

Within 5km

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