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5 Teddy Bear Lane, Cowes$599,000
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For Salehouse

5 Teddy Bear Lane

Cowes, VIC 3922, Australia
$599,000
3 bed 2 bath 2 car616 m²

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About this property

Nestled in a peaceful and highly desirable pocket of Cowes, this charming home is perfectly positioned in the sought-after Red Rocks precinct, just a 1015 minute walk to Red Rocks Beach, Justice Road beach access, and the local bus stop, while only a short drive from Cowes' vibrant town centre, cafés, restaurants, shops, and essential amenities. Set on a spacious 616sqm (approx.) block, the expansive backyard provides the perfect setting for family gatherings, outdoor entertaining, or simply enjoying the relaxed coastal lifestyle. which presented home combines comfort and versatility. At the heart of the home, the light-filled living area is enhanced by soaring cathedral ceilings that create an impressive sense of space and character. Large north-facing windows invite an abundance of natural light and warmth throughout the day, while the cosy log fire provides the perfect focal point for comfortable year-round living. The well-appointed kitchen overlooks the dining and living zones, providing a functional layout for both everyday living and entertaining. Property comprises three spacious bedrooms and two bathrooms. The master bedroom offers a private retreat complete with an ensuite and an adjoining office or sitting room, which could easily be converted into a fourth bedroom or guest accommodation depending on your needs. Adding to the home's practicality, the laundry provides direct access to the backyard. Whether you're searching for a comfortable family residence, a relaxing coastal escape, or an investment, 5 Teddy Bear Lane presents an outstanding opportunity to secure your own piece of Island living.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
2
Land Area
616 m²
Listed
3 weeks ago

Repayment calculator

$2,904/month
$1,452 /fortnight
Loan $479,200 at 6.10% over 30 years

Upfront costs

Deposit$119,800
Stamp duty$31,010
Conveyancing (est.)$2,000
Total upfront$152,810
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 3-bedroom house in Cowes, VIC 3922 sits within reach of public transport, local shops and nearby schools. It is listed 12% below the $679,000 median of 76 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

  • Settlement Rd/Red Rocks Rd (bus)227 m away
  • Cowes General Store2.2 km away
  • Phillip Island Coast Reserve86 m away
  • Unnamed186 m away
  • Unnamed466 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 3 bed

Compound growth -3.9% / yr over 4 yrs

$650kcurrent median

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Price history

Price history

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1 price change recorded for this property

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