2/2-4 Park Street, Cowes VIC 3922

3 bed unit | 1985 build | 78m² floor | shared pool & BBQ | walk to Cowes Foreshore This unit occupies a niche in Cowes as a compact, medium-density dwelling from the 1980s, offering a lower-maintenance alternative to the area’s dominant detached houses. Its strength lies in practical walkability to the foreshore, tennis club, and football facilities, combined with shared amenities like a pool and BBQ area that appeal to holiday-home buyers or investors targeting short-stay rental demand. The property best suits those seeking a lock-and-leave coastal base or a yielding investment, as the estimated gross yield sits around 5.1%, which is competitive for this market. The configuration, with three bedrooms and two car spaces, provides more utility than many older units, though the single bathroom and modest floor area limit its appeal to families or full-time occupants. The 1985 build age and unit format may affect value through body corporate fees and shared-site conditions, which are not detailed in available records. The conflicting data on bedroom count and land size (reported as 116m² or 173m²) could create uncertainty during due diligence, so a title search is essential to confirm the exact lot dimensions and any restrictions. The lack of recent sales in the building and no nearby comparable transactions means price formation relies heavily on broader market sentiment, so a buyer should approach any listed price with caution and seek independent valuation advice. No bushfire, flood, or heritage overlays are flagged, which simplifies the planning picture, but the residential zoning under Bass Coast Council is standard and unlikely to present unusual constraints.