$1,300,000 - $1,350,000
This expansive 1006sqm block, is perfectly positioned just 250 meters from the breathtaking north-facing beach and serene Erehwon Point park, offers a rare opportunity to secure a highly coveted location in Cowes. Nestled within this sought-after setting is an original 1950s brick home, full of character and brimming with potential-an ideal blank canvas for renovation or redevelopment.
The residence features two generously sized living areas, perfect for hosting family gatherings or simply relaxing in comfort. With three well-proportioned bedrooms, there's plenty of space to accommodate family and guests. The single bathroom retains its vintage beachside charm, while the kitchen, equipped with practical laminate countertops and an upright electric oven, is ready for you to modernize into your dream cooking space.
Outside, a garden shed provide ample storage and workspace, while the split system heating and cooling ensure year-round comfort. A combination of floorboards and carpeting throughout the home creates a warm, welcoming atmosphere.
Whether you're looking to subdivide, develop, or renovate, this property holds incredible potential (subject to council approval). There are plans and permits available for a luxury/prestige 4 townhouse development. The unbeatable location offers easy access to the town center, just a short stroll away, where you'll find an array of cafes, restaurants, shopping, and essential services. Plus, you're only a 10-15 minute drive from major tourist attractions such as the Grand Prix Circuit, Penguin Parade, Churchill Island, and local wineries.
Seize this unique chance to create something special in one of Cowes' most desirable locations. Whether you choose to restore the charm of the existing home or embark on a new development, the possibilities here are endless, offering the promise of both lifestyle and investment appeal.
Proudly presented by Ray White Real Estate Phillip Island, this is your opportunity to secure an exceptional piece of Cowes.
"Photo ID required at all Open for Inspections".
41 Thompson Avenue, Cowes VIC 3922
+61 (3) 5952 2799
SAM CLARK
0417351935
