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 › Grandview Grove
$899,000–$980,000
For sale
Asking range
7
Bedrooms
4
Bathrooms
2
Car spaces
462 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
Asking
$899,000–$980,000
Asking range · $1,946/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.
Vs Cowes
+26.4%
Median sale
Suburb $711,250
-0.77 pp
Gross yield
Suburb 3.71%
Suburb median $711,250 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$54,918 on top of the price (6.1% extra)
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.
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.
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.
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.
Gross yield if leased at the suburb aggregate is 2.9%. 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
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
UnknownVictoria 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.
Area
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 GroupTwo dwellings in one home! 7 bedrooms, 2 kitchens, 2 living areas, 4 bathrooms and a powder room and 2 outside entertainment decks! Currently setup for airbnb.
Located in the heart of Cowes, Phillip Island's vibrant coastal hub, this property is just moments from beautiful beaches, cafés, restaurants, shopping, medical facilities, and world-renowned attractions including the Penguin Parade and Phillip Island Grand Prix Circuit. Offering a relaxed seaside lifestyle with all the conveniences of a thriving township, Cowes continues to be one of Victoria's most sought-after holiday and residential destinations.
Welcome to 1/18 Grandview Grove, Cowes, a rare and versatile double-storey residence offering exceptional flexibility for large families, extended families, investors, or those seeking an additional income stream. Built in 2018, this solid brick home is ideally located in a quiet no-through road, just a short stroll from the vibrant centre of Cowes and everything Phillip Island has to offer. Medical centres, dental services, restaurants, shops, and Mitre 10 are all conveniently located just metres away.
Designed to accommodate dual living, the property comprises two fully functional residences under one roof. The ground floor features two generous bedrooms, including a master suite complete with a walk-in robe and ensuite, as well as a central bathroom and powder room. There is a spacious separate living room at the front of the home provides a comfortable retreat, while the open-plan kitchen, dining, and living area at the rear flows seamlessly onto a private outdoor deck, creating the perfect space for entertaining or relaxing. Internal laundry with access to the garage and storage room.
Upstairs, you'll find four large bedrooms, including an impressive master suite with a walk-in robe and ensuite and the other three bedrooms have built-in robes and a central bathroom. The modern kitchen is equipped with gas cooking and a large Caesarstone island breakfast bar, overlooking the expansive open-plan living and dining area. Glass doors open onto a generous balcony, offering an inviting space to enjoy the fresh coastal air and outlook, also has outdoor stairs to access the backyard.
Throughout the home, quality finishes include polished timber floorboards, Caesarstone benchtops, gas cooking, and spacious living zones designed for comfort and functionality. Also high ceilings, ducted air-conditioning, and ducted vacuuming. Outside, the property offers a large front yard, a double lock-up garage, and a separate storage room, providing ample space for vehicles, recreational equipment, and additional storage needs.
Whether you're looking for a multi-generational family home, a holiday retreat with room for guests, or an investment property with strong short-term rental potential, this unique residence presents endless possibilities in one of Phillip Island's most sought-after locations.
Perfectly positioned for convenience and lifestyle, this property is located just 400 metres from Cowes Primary School and the Cowes Recreation Reserve and Swimming Pool. Enjoy an easy stroll to Cowes Main Beach, the Jetty, cafés, restaurants, supermarkets, and local shopping precinct. Embrace the relaxed Phillip Island lifestyle with beautiful beaches, coastal walking tracks, and world-famous attractions including the Penguin Parade, The Nobbies, and the Phillip Island Grand Prix Circuit all within easy reach. Whether you're looking for a permanent residence, holiday retreat, or investment opportunity, you'll love having the very best of Phillip Island right on your doorstep.
Don't miss this opportunity to secure a modern dual-living home in the heart of Cowes. For further information or to arrange an inspection, please contact Teresa on 0429 398 730.
Listing description written by Teresa Young, Eview Group — reproduced as published, not verified by Districts.
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