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372 Settlement Road, Cowes$649,000
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372 Settlement Road

Cowes, VIC 3922, Australia
$649,000
4 bed 1 bath 2 car807 m²

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About this property

Welcome to 372 Settlement Road, Cowes, Phillip Island. Set on a huge 807m² corner allotment, this well-appointed four-bedroom plus study residence offers space, flexibility and relaxed coastal living, enhanced by the benefits of energy-efficient design. Just needs some TLC. Great potential as a rental property or renovate to suit your family needs. Perfectly positioned just a 10-minute stroll to the local beach and only a short 3-minute drive to Cowes' vibrant main shopping strip, this property delivers the ideal blend of lifestyle and convenience. You can also enjoy a walk around the Seagrove Way Wetlands Area only 300 metres away. Inside, the home features four spacious bedrooms (plus a work from home office with it's own entrance), making it perfect for family living or holiday accommodation. A generous open-plan living zone seamlessly combines the timber kitchen, dining and lounge area, creating a warm and inviting central hub of the home. Glass sliding doors open onto an outdoor deck that flows into the backyard - a private and secure space ideal for children and pets to play. A rooftop solar system helps reduce electricity costs, making everyday living more affordable and environmentally friendly. Positioned on a large corner block, the property offers exceptional accessibility with two separate driveways, allowing entry from Settlement Road or Seascape Avenue. A single-car garage provides secure parking, while the dual street frontage offers ample room for boats, caravans or additional vehicles - highly desirable feature in a coastal location. Whether you're searching for a permanent residence, holiday escape or smart investment, this property delivers on space, position, sustainability and future potential (STCA). Key Features: * Four generous bedrooms plus study * Timber floorboards * Expansive 807m² corner block * Light-filled spacious open-plan living * Timber kitchen with electrical appliances * Bathroom with spa bath * Rooftop solar system for energy-efficient living * Single-car garage * Dual driveways with access from Settlement Road & Seascape Avenue * 10-minute walk to the beach * 3-minute drive to Cowes main shopping precinct * Ideal for family living, holiday home or investment * Potential future development or sub-division (STCA) Please contact Teresa on 0429 398730 for more information or a private inspection.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
1
Parking
2
Land Area
807 m²
Listed
3 months ago

Repayment calculator

$3,146/month
$1,573 /fortnight
Loan $519,200 at 6.10% over 30 years

Upfront costs

Deposit$129,800
Stamp duty$34,010
Conveyancing (est.)$2,000
Total upfront$165,810
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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 house in Cowes, VIC 3922 sits within reach of public transport, local shops and nearby schools. It is listed 10% below the $720,000 median of 71 comparable houseswithin 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

  • Anderson Rd/Church St (bus)455 m away
  • Cowes General Store478 m away
  • Seaberry Creek Park196 m away
  • Willoughby Park397 m away
  • Seagrove Park431 m 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.

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Suburb market

Suburb price trend

Cowes price trend

Median sold · House 4 bed

Compound growth -3.7% / yr over 4 yrs

$781kcurrent median

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Price history

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1 price change recorded for this property

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