Back 362 Settlement Rd
Off Market

362 Settlement Rd

Cowes VIC 3922

4
2
820 m²
House
Last sold for $650,000
Kristina WaltersKristina Walters, last sold this property on 18 June 2025 after 104 days on market.

Overview

Fantastic Investment Opportunity – Character-Filled Home on a Large Block

Positioned on a generous approx 820sqm block, this charming 4-bedroom, 2-bathroom home is a fantastic investment opportunity with endless potential. Whether you're looking for a permanent residence, holiday retreat, or future development site (STCA), this property ticks all the boxes. From the moment you step inside, you'll be captivated by the character and warmth of the open-plan kitchen, dining, and living area, featuring soaring high ceilings, abundant natural light, and a cozy wood fire. The north-facing deck, accessible from the living space, is perfect for entertaining, with half of it covered for year-round enjoyment. The fully equipped kitchen boasts a breakfast bar, electric cooktop, and dishwasher, making it both stylish and functional. Three spacious bedrooms include built-in robes, while the fourth bedroom offers versatility—easily converted into a second living area if desired. The home features two bathrooms, one complete with a bathtub for added convenience. Additional features include a split system for year-round comfort, a ceiling fan, and a separate laundry. The location is superb, just 700 metres from the beach, allowing you to enjoy the stunning coastline within a short stroll. The Cowes boat ramp is only 950 metres away, perfect for boating and fishing enthusiasts, while Thompson Avenue, with its array of shops, cafes, and restaurants, is just 1.5 kilometres from your doorstep. Outside, the expansive backyard offers incredible potential. With the home positioned at the front of the block, there’s ample room to add a granny flat, a large shed, or explore subdivision options (STCA). This is an exceptional opportunity in a sought-after location—contact us today to arrange an inspection!

Features

4 bedrooms
2 bathrooms
820 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Cowes over the last 12 months, the estimated median property value of 362 Settlement Rd is $785.5k.

Median value
$785.5k
Estimated value range
$485k - $2.19m
Median days on market
89
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Cowes. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 362 Settlement Rd

2025
Sold
$650,000
18 Jun 2025 by Kristina Walters, of Barry Plant - Phillip Island
2014
Sold
Undisclosed
Private Sale/Treaty on 21 May 2014 by Yvette Tancheff, of Ray White 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 4 bedroom houses in Cowes

In the last 12 months, 62 four-bedroom houses similar to 362 Settlement Rd, have been sold.

This represents a 21% increase in four-bedroom houses sales when compared to the previous 12 months.

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