382 Settlement Road

Set on a generous 811sqm allotment (approx.) approximately 1km from Cowes' north-facing bay beach and with a nearby pathway providing direct access to the foreshore, the location offers the perfect balance of convenience and coastal lifestyle. This property also presents an exciting opportunity for developers and investors seeking a sizeable parcel of land with the potential to subdivide the expansive backyard (STCA) or remove the existing home entirely for a 3-4 unit site. Take advantage of the tax deductions that newly built investment properties provide. Bay views are also possible from a two-storey home presenting an increasingly rare opportunity within one of Phillip Island's most sought-after townships. The existing two-storey home provides immediate usability, comprising three bedrooms (all with built-in-robes), two bathrooms, a spacious upstairs living and dining area, functional kitchen and an elevated balcony with distant bay views. Downstairs, a second living space opens onto a large covered entertaining deck overlooking the substantial backyard, while the expansive allotment provides ample room to explore the property's future potential. Whether you're looking to develop, invest, renovate or secure a large landholding close to the beach, opportunities of this size and position are becoming increasingly difficult to find. Located within easy reach of Cowes township, schools, sporting facilities and the foreshore, this is a compelling opportunity to secure a substantial coastal property with exciting future possibilities. 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 today!