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Back 493 Settlement Road
Off Market

493 Settlement Road

Cowes VIC 3922

2
1
619 m²
House
Last sold for $460,000
Greg DavisGreg Davis, last sold this property on 26 January 2026 after 89 days on market.

Overview

Affordable Coastal Living

Perfectly positioned just a 10-minute walk to the beach(approx), this charming 2-bedroom, 1-bathroom home in Cowes offers incredible value and potential - making it the ideal opportunity for first-home buyers looking to enter the market. Set on a full-size block, there's plenty of room to grow. Whether you're dreaming of an outdoor entertaining area, a larger family home, or a future extension (STCA), this property provides the space and flexibility to make it your own over time. Inside, you'll find a light-filled and comfortable layout featuring a split-system heating and cooling unit for year-round comfort. The home is neat, welcoming, and ready to move straight in - or rent out immediately as a great low-maintenance investment. This property presents a fantastic entry into the market with plenty of scope for future growth. - Fantastic first-home buyer opportunity - Full-size block with room to extend - 2 bedrooms, 1 bathroom - Split system heating & cooling - 10-minute walk to the beach - Move in or rent out straight away This is your chance to secure your first home and enjoy the relaxed coastal lifestyle Cowes is famous for - with space to expand and grow in the years ahead!

Features

2 bedrooms
1 bathroom
619 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Cowes over the last 12 months, the estimated median property value of 493 Settlement Road is $545k.

Median value
$545k
Estimated value range
$460k - $675k
Median days on market
66
Estimated value trend
-4%
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 493 Settlement Road

2026
Sold
$460,000
26 Jan 2026 by Greg Davis, of Barry Plant - 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 2 bedroom houses in Cowes

In the last 12 months, 11 two-bedroom houses similar to 493 Settlement Road, have been sold.

This represents a 8% increase in two-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   (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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