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.
VIC › Cowes › Settlement Rd
$595,000
Last sold
12 June 2026
4
Bedrooms
1
Bathrooms
2
Car spaces
807 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$595,000
12 June 2026 · derived via latest_sale
Local land rate: recorded House sales in Cowes (last 5 years) with land size have a median of $1,196/m² of land (n=52). 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.
Vs Cowes
-16.3%
Median sale
Suburb $711,250
+0.73 pp
Gross yield
Suburb 3.71%
Suburb median $711,250 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
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.
Listing material
Listed by Eview GroupWelcome to 372 Settlement Road, Cowes, Phillip Island.
Set on a huge 807m² corner allotment, this well-appointed four-bedroom plus study residence offers space, flexibility and relaxed coastal living, enhanced by the benefits of energy-efficient design. Just needs some TLC. Great potential as a rental property or renovate to suit your family needs.
Perfectly positioned just a 10-minute stroll to the local beach and only a short 3-minute drive to Cowes' vibrant main shopping strip, this property delivers the ideal blend of lifestyle and convenience. You can also enjoy a walk around the Seagrove Way Wetlands Area only 300 metres away.
Inside, the home features four spacious bedrooms (plus a work from home office with it's own entrance), making it perfect for family living or holiday accommodation. A generous open-plan living zone seamlessly combines the timber kitchen, dining and lounge area, creating a warm and inviting central hub of the home. Glass sliding doors open onto an outdoor deck that flows into the backyard - a private and secure space ideal for children and pets to play.
A rooftop solar system helps reduce electricity costs, making everyday living more affordable and environmentally friendly.
Positioned on a large corner block, the property offers exceptional accessibility with two separate driveways, allowing entry from Settlement Road or Seascape Avenue. A single-car garage provides secure parking, while the dual street frontage offers ample room for boats, caravans or additional vehicles - highly desirable feature in a coastal location.
Whether you're searching for a permanent residence, holiday escape or smart investment, this property delivers on space, position, sustainability and future potential (STCA).
Key Features:
* Four generous bedrooms plus study
* Timber floorboards
* Expansive 807m² corner block
* Light-filled spacious open-plan living
* Timber kitchen with electrical appliances
* Bathroom with spa bath
* Rooftop solar system for energy-efficient living
* Single-car garage
* Dual driveways with access from Settlement Road & Seascape Avenue
* 10-minute walk to the beach
* 3-minute drive to Cowes main shopping precinct
* Ideal for family living, holiday home or investment
* Potential future development or sub-division (STCA)
Please contact Teresa on 0429 398730 for more information or a private inspection.
Listing description written by Teresa Young, Eview Group — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.