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3 Devon Avenue,
Cowes 3922, Victoria

3 bedrooms
1 bathroom
1,041m² land size
House

$820,000

Property Price Statement

Property details

Rare Development Opportunity on 1,041sqm (approx.)

Positioned in one of Cowes' most tightly held coastal pockets, this exceptional 1,041sqm (approx.) allotment presents an increasingly rare opportunity to secure a substantial parcel of land just moments from the shoreline. With a three-bedroom dwelling currently on site requiring demolition, the true value lies in the land itself-offering outstanding potential for redevelopment, investment, or the creation of a bespoke coastal residence or multi-dwelling project (STCA).

The generous proportions of the block provide exceptional flexibility for future plans, with ample space to design and construct a premium new home, multiple townhouses, or a thoughtfully planned coastal development in keeping with the strong demand for quality properties in this sought-after location. Large allotments of this size, particularly so close to the beach, are becoming increasingly scarce, making this an outstanding opportunity for developers, builders, or buyers seeking to capitalise on the long-term growth and appeal of Phillip Island.

The lifestyle on offer is equally compelling, with the pristine sands of Cowes beach less than a one-minute walk from your doorstep-perfect for morning walks, swimming, or enjoying the relaxed coastal atmosphere that makes this area so desirable. Thompson Avenue's vibrant shopping precinct is only a three-minute drive away, offering an array of cafés, restaurants, boutique shops, supermarkets and essential amenities, ensuring convenience while maintaining a peaceful beachside setting.

Whether you are looking to develop, invest, or secure a premium landholding in a blue-chip coastal location, this is a truly rare offering combining size, position, and unlimited potential in one of Phillip Island's most sought-after areas.

This property in Cowes is proudly for sale through Ray White Real Estate Phillip Island.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

  • Cowes Primary School Primary Prep-6 Government 1.7km
  • Our Lady Star of the Sea Catholic Primary School Primary Prep-6 Catholic 2.8km
  • Newhaven College Combined Prep-12 Independent 5.7km
  • Phillip Island Village School Primary Prep-6 Independent 6.6km
  • Somers Primary School Primary Prep-6 Government 8.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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