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Back 394 Settlement Road
Off Market

394 Settlement Road

Cowes VIC 3922

5
2
4
0 m²
811 m²
House
Last sold for $785,000
Josh DunstanJosh Dunstan, last sold this property on 02 June 2025 after 384 days on market.

Overview

🏡 Holiday Home with Proven Investment at a Bargain Price💲

This impressive 5-bedroom, 2-bathroom home boasts a proven return on investment through Airbnb and at this bargain price, it makes an attractive option for investors seeking a lucrative income stream. Boasting a prime position in Cowes, this property presents an exceptional opportunity for both homeowners and investors alike. Its proximity to the vibrant main street ensures easy access to restaurants, cafes, shops, and stunning beaches, promising a lifestyle of leisure and relaxation, it's no surprise that guests are drawn to this haven time and time again. The exterior of the home features landscaped gardens that adorns the generous 811sqm block. Whether you're enjoying the sea-breeze, or hosting outside gatherings with family and friends, the outdoor spaces provide the perfect backdrop for memorable moments. Upon entering the home, you'll be charmed by a blend of luxury living and coastal comfort. The ground level offers two spacious bedrooms, a large theater/rumpus room with adjacent living space, and a renovated bathroom and laundry area, providing ample accommodation and entertainment options for guests or family members. On the upper level you will find an expansive open-plan living and kitchen area that provides warmth and sophistication to the home, offering the ideal setting for everyday living. Step outside onto the adjacent north-facing balcony and soak in the sun while enjoying your morning coffee. This floor is completed by three spacious bedrooms with built-in robes along with a renovated bathroom. With it's versatile layout, abundant natural light, and return on investment, this home boasts a rare find in the Phillip Island market. Whether you're seeking a permanent residence, holiday retreat, or investment opportunity, this property ticks all the boxes. Don't miss your chance to own a slice of profitable paradise in Phillip Island. Schedule your inspection today and experience coastal living at its finest. There is also an option to purchase partially furnished. 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 contact us today!

Features

5 bedrooms
2 bathrooms
4 carspaces
4 garage spaces
0 m² floor area
811 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Cowes over the last 12 months, the estimated median property value of 394 Settlement Road is $826k.

Median value
$826k
Estimated value range
$715k - $1.52m
Median days on market
139
Estimated value trend
-27%
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 394 Settlement Road

2025
Sold
$785,000
02 Jun 2025 by Josh Dunstan, of Stockdale & Leggo - Phillip Island | San Remo
2021
Sold
$867,000
Private Sale/Treaty on 02 Dec 2021 by Kristien Formosa, of Ray White Phillip Island

Happy sellers in Cowes

70%
70% 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 26 reviews in Cowes over the last 12 months.

Local market activity for 5 bedroom houses in Cowes

In the last 12 months, 17 five-bedroom houses similar to 394 Settlement Road, have been sold.

This represents a 88% decrease in five-bedroom houses sales when compared to the previous 12 months.

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   (61 reviews)
  •  10 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
  •  10 Sales in Cowes
View profile
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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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