FOR SALE
$800,000

21 Hope Way
Cowes VIC 3922

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 559m2
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Investment Opportunity in Idyllic Phillip Island

This well-maintained double-storey property in the highly sought-after Shearwater Estate offers an excellent investment opportunity in the picturesque Phillip Island, Victoria. With a prime location just minutes from pristine beaches, local amenities, and popular attractions, this home is perfect for both tenants and future owners.
The property boasts a spacious and functional design, with the upper level featuring a well-equipped kitchen and light-filled living room. From the east-facing deck, you can enjoy stunning views of the rural landscape and across to Westernport Bay and Rhyll, providing a serene backdrop for daily life. The master bedroom, also located upstairs, includes a private ensuite, a walk-in robe, and a balconette – an ideal spot for a morning cuppa.
Downstairs, the home offers three additional bedrooms and a main bathroom, ensuring ample space for families or guests. The property is in excellent condition and includes a carport and garden shed for convenience.
Currently tenanted, this property is available on the market with the option for either a continued tenancy or vacant possession, making it a flexible and appealing option for investors. A current depreciation schedule is available on request.
Don't miss the chance to secure a well-located, easy-care property in one of Phillip Island's most desirable estates.
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Property Details for 21 Hope Way, Cowes

21 Hope Way, Cowes is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 559m2. The place is currently for sale with OBrien Real Estate Judith Wright.

Building Type
House
Land Size
559m2

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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2011 was 4,053 people. By 2016 the population was 4,832 showing a population growth of 19.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation. In 2011, 63.7% of the homes in Cowes were owner-occupied compared with 65.4% in 2016.

Cowes has 7,914 properties. Over the last 5 years, Houses in Cowes have seen a 39.38% increase in median value, while Units have seen a 51.12% increase. As at 30 November 2024:

  • The median value for Houses in Cowes is $741,824 while the median value for Units is $561,544.
  • Houses have a median rent of $480 while Units have a median rent of $440.
There are currently 120 properties listed for sale, and 7 properties listed for rent in Cowes on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Cowes.

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Natalie Briffa
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Kellie Morgan
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OBrien Real Estate Judith Wright
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