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VIC › Cowes › Dunsmore Rd

132 - 134 Dunsmore Rd, Cowes VIC 3922

For saleHouse

$2,400,000

For sale

Asking

4

Bedrooms

2

Bathrooms

5

Car spaces

4,000 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,400,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,400,000(Listing record · 28 Nov 2025)
  • FactLand 4,000 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Cowes (last 5 years) with land size: median $1,194/m² of land (n=53). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 237% 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 1.10% — 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

$2,400,000

Asking · $600/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Cowes (last 5 years) with land size have a median of $1,194/m² of land (n=53). Districts calculation from recorded sales — not a valuation.

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

+237.4%

Median sale

Suburb $711,250

-2.61 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

Purchase Price
$2,400,000
Stamp Duty (Victoria)
$136,000
Transfer/Registration Fee
$3,614
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
$2,543,314

$143,314 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

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

Net yield
-0.40%
Annual cashflow (pre-tax)
$-134,384
Interest cover (DSCR)
-0.08
Annual rent
$26,416
Operating expenses
$36,000
Loan amount
$1,920,000
Annual interest
$124,800
Gross yield
1.10%

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$2,400,000available28 Nov 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 1.1%. 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 Dunsmore Rd →

Listing material

Listed by Stockdale & Leggo Phillip Island | San Remo

Architectural Luxury on One Acre in Cowes with Five-Car Garaging

Built in 2024 by an esteemed local builder, this prestigious residence set on an acre offers a rare combination of contemporary luxury and peaceful coastal living, 1.3km from Cowes' north facing beach and just around the corner from Phillip Island Golf Club.

Grand First Impressions

Arrive through electric gates to discover thoughtfully designed landscaping that creates a private sanctuary buffered from the street. The reserve directly opposite provides a tranquil green outlook and convenient dog-walking space, while surrounding prestigious homes on generous lots enhance the exclusive atmosphere.

Read the full description

Move in and simply live. This is the home you've been waiting for - where every detail has been considered, every finish perfected and every comfort provided. Imagine turning the key and walking into a space that's completely, utterly yours, with nothing left to do but unpack and start living. No renovation wish lists. No compromise. No projects waiting for "one day." Just pure enjoyment from day one.

Picture your mornings here: coffee in hand, watching the light play across the polished concrete floors. Your weekends free to explore the coastline or enjoy a round of golf at the nearby Phillip Island Golf Club rather than visiting hardware stores. Your evenings gathered around the Kalora wood heater, soaking in the serenity of your reserve outlook. This is the rare gift of a brand-new, meticulously crafted home - time returned to you to actually live your life.

Architectural Distinction

• Soaring ceilings throughout (2,700mm and 3,200mm) creating an airy, gallery-like ambiance

• Polished concrete flooring flows seamlessly through living spaces

• Spotted gum timber features create warmth and character

• Double-glazed Rylock windows throughout for whisper-quiet comfort and year-round efficiency.

Luxurious Living Spaces

The expansive master suite impresses with a generous walk-in robe and luxurious ensuite -your private retreat within the retreat. The designer kitchen is a chef's dream, featuring stone benchtops, Butler's pantry and dual ovens (900mm and 600mm) for effortless entertaining and everyday cooking. The huge main living area centers around a Kalora wood heater, while year-round entertaining flows naturally to the covered alfresco, overlooking peaceful greenery where the only agenda is relaxation.

Versatile accommodation beyond the main living areas, discover a self-contained zone with plumbing provisions - ideal for guest accommodation, multi-generational living, or holiday rental income. Two powder rooms and a separate WC complement the ensuite and main bathroom.

Exceptional Functionality

• Private study for focused work or creative pursuits

• Wine cellar for the collector

• Abundant storage throughout - everything has its place

• Double garage plus triple garage - perfect for workshop space and recreational vehicles

• All-electric home for modern, efficient living

The Ultimate Luxury

Nothing left to do in a world where time is the ultimate luxury, this home offers something precious: the freedom to simply arrive and begin the life you've imagined. No waiting. No renovating. No compromising. Just exceptional quality, thoughtful design, and the peaceful Phillip Island lifestyle at your doorstep - with the golf club, beach and Cowes township all moments away.

A rare opportunity to secure a quality-built sanctuary in one of Phillip Island's most sought-after locations, ready for you to write your next chapter from the very first day.

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

Property features

  • Ensuites: 1
  • Living Areas: 2
  • Toilets: 4
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.