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Back 198 Thompson Avenue
Off Market

198 Thompson Avenue

Cowes VIC 3922

6
2
3200 m²
House
Last sold for $1,375,000
Greg PriceGreg Price, last sold this property on 17 January 2026 after 33 days on market.

Overview

Opportunity Knocks: Development Potential Awaits on a Prime 3200 m² Site

Don't miss this genuine offering from a genuine vendor! This expansive 3200 m² site presents a huge development potential in a highly sought-after location. A rare and exciting prospect for developers, investors, or those seeking an extensive landholding with significant future upside. Key Features & Current Infrastructure: Massive Land Size: A substantial 3200 m² parcel ripe for redevelopment. Existing Improvements: The property features two large, brick homes, providing immediate rental income or flexible living arrangements while planning. Each home boasts: Three spacious bedrooms. An additional study/office, perfect for remote work or a fourth bedroom conversion. The Investment Upside: Future Development Potential: Leverage the significant land size for potential multi-unit development, townhouses, or subdivision. Immediate Income Stream: Utilise the existing two homes for rental income, offsetting holding costs while you navigate the planning process. Flexibility: Live in one, rent the other, or rent both while securing future approvals. This is an opportunity too big to miss! With two substantial homes already in place on this enormous block, the potential for future capital growth and development yield is truly outstanding. Act now to secure this prime development site! Note: All future development, subdivision, and changes in land use are Subject to Council Planning Approval. Prospective buyers are encouraged to conduct their own due diligence regarding planning and zoning regulations. Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Features

6 bedrooms
2 bathrooms
3200 m² lot size
House

Estimated Value

We need at least 3 similar 6 bedroom houses sold in Cowes over the last 12 months.

Property history for 198 Thompson Avenue

2026
Sold
$1,375,000
Auction Sale on 17 Jan 2026 by Greg Price, of Alex Scott & Staff - Phillip Island

Happy sellers in Cowes

71%
71% of sellers in Cowes reported that their sale price either exceeded or met their price expectations.

Cowes stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Cowes over the last 12 months.

Local market activity for 6 bedroom houses in Cowes

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cowes

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Greg Davis

Sellers who recommend Greg Davis have praised them for being local expert, clear communication, stress-free process, patient, friendly and honest

  •   4.9   (62 reviews)
  •  11 Reviews in Cowes
  •  16 Sales in Cowes
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Christie Spargo

Sellers who recommend Christie Spargo have praised them for being clear communication

  •   4.9   (33 reviews)
  •  16 Reviews in Cowes
  •  11 Sales in Cowes
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Teresa Young

Sellers who recommend Teresa Young have praised them for being clear communication, local expert, friendly, responsive, easy to work with, honest and pleasant

  •   4.8   (116 reviews)
  •  5 Reviews in Cowes
  •  6 Sales in Cowes
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Taylah Hayes

Taylah Hayes is a recommended agent for Cowes.  They have 5 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (7 reviews)
  •  2 Reviews in Cowes
  •  5 Sales in Cowes
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