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VIC › Cowes › Currawong Cl

12 Currawong Cl, Cowes VIC 3922

For saleHouse for Sale

$1,220,000–$1,250,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

4

Car spaces

671 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,220,000–$1,250,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,220,000–$1,250,000(Listing record · 12 Dec 2025)
  • FactLand 671 m²; no building size recorded.(Property record)
  • CalculationAsk is 72% above the Cowes median recorded sale ($711,250, n=82, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Cowes's advertised median rent ($508/wk), implied gross yield would be 2.17% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,220,000–$1,250,000

Asking range · $1,818/m² of land

No recorded sale for this property.

Cowes at a glance

7,858

People

$711,250

Median sale

$508/wk

Median rent

3.71%

Suburb gross yield

Median sale from 82 recorded sales (last 12 months) — a Districts calculation.

See the full Cowes report →

Vs Cowes

+71.5%

Median sale

Suburb $711,250

-1.54 pp

Gross yield

Suburb 3.71%

Suburb median $711,250 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,220,000
Stamp Duty (Victoria)
$67,100
Transfer/Registration Fee
$2,959
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,293,759

$73,759 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Cowes's advertised median rent — not a rent for this listing.

Net yield
0.67%
Annual cashflow (pre-tax)
$-55,324
Interest cover (DSCR)
0.13
Annual rent
$26,416
Operating expenses
$18,300
Loan amount
$976,000
Annual interest
$63,440
Gross yield
2.17%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,220,000–$1,250,000available12 Dec 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $508/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cowes in one glance

Cowes at a glance

7,858

People

$711,250

Median sale

$508/wk

Median rent

3.71%

Suburb gross yield

Median sale from 82 recorded sales (last 12 months) — a Districts calculation.

See the full Cowes report →

Keep researching

  • Why Cowes? Read the area thesis →
  • What else is on the market in Cowes →
  • Other records on Currawong Cl →

Listing material

Listed by Stockdale & Leggo Phillip Island | San Remo

The Complete Package – Luxury Retreat-like Oasis with Abundant Vehicle Storage

Welcome to your own private oasis nestled amongst tranquil gardens with a distinct Japanese ambiance – this custom-built residence is nothing short of magnificent. Ensuring utmost privacy from neighbours, this home is a true sanctuary, offering a lifestyle of luxury and comfort.

As you approach, the expansive off-street parking immediately catches the eye, featuring a double garage with a driveway alongside providing convenient side access. This driveway extends through to another garage at the rear, providing ample space for two small cars or a larger vehicle, along with additional room for a caravan or boat - or both! This practical design caters to the needs of those with multiple vehicles or recreational assets. A Wi-Fi security camera above the front garage door provides added peace of mind.

The residence itself is a showcase of thoughtful design and attention to detail. The ground floor boasts a seamless flow, with north-facing living, kitchen and dining areas that bask in natural light. Air conditioning and a cosy gas log fire in the downstairs living area ensure year-round comfort. The master bedroom and ensuite are conveniently located on this level, along with a funky bar area – the perfect spot for entertaining guests or enjoying a quiet nightcap. High ceilings create an airy atmosphere and the Tasmanian oak floorboards exude warmth throughout.

Read the full description

The kitchen, a chef's delight, features Caesar stone benchtops and a gas cooktop, with a cleverly designed servery to the covered alfresco area. This undercover outdoor entertaining space is enhanced by an open fire and flows seamlessly to the back deck which boasts a luxurious heated magnesium spa, solar powered with an INSNRG electric heater – your personal retreat for relaxation any time of year. The servery even includes a pull-down fly wire, showcasing the meticulous craftsmanship found throughout the home.

The lower level also houses a massive laundry with ample storage and a separate powder room, catering to the practical needs of daily living.

Upstairs, the living arrangements are equally impressive. Three generously sized bedrooms, each with built-in robes and ceiling fans, provide comfortable accommodation and an abundance of storage. A separate living area with air conditioning ensures space and privacy for children or visitors. A full bathroom with a bath and a separate toilet complete the upper level.

The outdoor spaces are a true delight, featuring an undulating deck that flows seamlessly into the garden. A 400-year-old Chinese door, surrounded by timber from the original San Remo bridge, leads to a vegetable garden with three raised beds. A comprehensive watering system services the entire garden including the vegetable beds, while a large water tank supports sustainable living. Mature plantings envelop the entire property, creating a serene and picturesque setting.

Other notable features include solar panels for sustainability, gas hot water, and connection to the exclusive Seagrove Estate community gas supply through Elgas – ensuring efficient and cost-effective utilities.

This residence is a testament to thoughtful design, quality construction, and an emphasis on creating a harmonious living environment. To truly appreciate the splendour of this remarkable home, contact us today to arrange a private inspection. Your dream home awaits.

Listing description written by Jaime Morris, Stockdale & Leggo Phillip Island | San Remo — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Remote Garage
  • Solar Panels
  • Toilets: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.