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VIC › Cowes › Stradbroke Ave

39 Stradbroke Ave, Cowes VIC 3922

For saleHouse for Sale

$2,450,000–$2,695,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

1

Car spaces

1,780 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,450,000–$2,695,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,450,000–$2,695,000(Listing record · 19 Dec 2025)
  • CalculationLand 1,780 m² against a 108 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 244% 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 1.08% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$2,450,000–$2,695,000

Asking range · $1,376/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

+244.5%

Median sale

Suburb $711,250

-2.63 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
$2,450,000
Stamp Duty (Victoria)
$139,250
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
$2,596,564

$146,564 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
-0.42%
Annual cashflow (pre-tax)
$-137,734
Interest cover (DSCR)
-0.08
Annual rent
$26,416
Operating expenses
$36,750
Loan amount
$1,960,000
Annual interest
$127,400
Gross yield
1.08%

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$2,450,000–$2,695,000available19 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 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 Stradbroke Ave →

Listing material

Listed by Eview Group

Unique Foreshore Development Opportunity - 1,780 m² Cowes, Phillip Island

Foreshore property - 1,780 m² on Phillip Island's Golden Mile!

Positioned along the tightly held Cowes foreshore, this exceptional 1,780 m² (approx.) landholding presents a rare and compelling opportunity for developers, investors, or those seeking an irreplaceable coastal asset with significant future upside.

Opportunities of this scale and location on Phillip Island's Golden Mile are extraordinarily scarce.

Read the full description

Key Highlights

Exceptional Land Size: A substantial 1,780 m² parcel - rarely available in this blue-chip foreshore precinct

Prime Foreshore Position: Directly opposite the beach with ocean access just steps away

Existing Dwelling: Comfortable holiday home comprising three generous bedrooms, open-plan kitchen, dining and living zones, plus a covered verandah enjoying ocean views

Immediate Use & Income: Live in, holiday in, or lease out while planning future development (STCA)

Development & Investment Potential

Future Redevelopment Upside: The size and location offer strong potential for multi-dwelling development, townhouses or subdivision (STCA)

Holding Income: Generate rental returns to offset holding costs during the planning and approval process

Flexible Options: Secure approvals while occupying the home, land bank for future growth, or create a landmark foreshore residence

Why This Opportunity Stands Apart

With an existing home already in place on an expansive foreshore allotment, this property delivers a rare combination of immediate enjoyment, income potential, and long-term capital growth. Foreshore land of this scale in Cowes is increasingly scarce, making this an outstanding acquisition for astute buyers.

Live, develop or invest - the choice is yours. This exceptional property offers multiple pathways for the savvy purchaser to create their vision while embracing everything Phillip Island has to offer.

You're not just buying property; you're securing a coastal lifestyle surrounded by Phillip Island's stunning beaches, vibrant cafés, renowned wineries, the iconic Grand Prix Circuit, Churchill Island, the world-famous Penguin Parade, and abundant natural wildlife.

An opportunity of this calibre is seldom offered. Act now to secure one of Phillip Island's most significant foreshore development sites. For further information or to arrange a private inspection, please contact Teresa on 0429 398 730.

Listing description written by Teresa Young, Eview Group — reproduced as published, not verified by Districts.

Property features

  • Deck
  • Floorboards
  • Fully Fenced
  • Toilets: 1
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.