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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

37 Chapel Street
Cowes, VIC 3922

7
Bed
7
Bath
6
Cars
Land Size: 1110 sqm
Property Type: House
Listed Date: 1st May 2026
Last Updated: 1st May 2026
Overview

Versatility And Scale In Central Cowes - Residence With Three Self-Contained Cottages

Positioned on a prominent corner allotment in the centre of Cowes, this character-filled property, formerly known as Holmwood Guesthouse for its premier accommodation and now reverted to a permanent residence, offers scale, flexibility, and genuine income potential just metres from the town's key amenities. Cafés, shops, the bay beach, and sporting facilities are all within easy reach, placing everything at your doorstep.

The property presents multiple options, whether accommodating a large or extended family, creating a dedicated holiday base, or generating income through the additional dwellings.

The main residence is generous in size and comprises four bedrooms, complemented by two separate living spaces and both formal and informal dining areas. A well-appointed semi-commercial kitchen sits at the heart of the home, complete with a walk-in pantry, while a powder room services guests with ease.

The informal living and dining zone is particularly inviting, anchored by a dedicated bar area and opening directly to a beautiful north-facing alfresco space overlooking the cottage garden - an ideal setting for relaxed entertaining.

Each bedroom includes its own ensuite and built-in robes, while the main bedroom is more substantial, offering both a walk-in robe and additional built-in robes, together with an ensuite that features a sauna. Throughout the home and across the cottages, the furniture and soft furnishings have been carefully curated, adding a cohesive and considered feel to every bedroom.

Outdoor spaces are equally well considered, with multiple alfresco areas providing options for entertaining or retreat.

A standout inclusion is the presence of two fully self-contained cottages plus a studio-style apartment, each offering privacy and independent accommodation. Whether used for extended family, guest stays, or short-term holiday letting, they provide a level of versatility that is increasingly difficult to secure. There is also the potential (subject to council approval) to subdivide the cottages from the main residence, opening further options for future use or capitalisation.

This is a property that accommodates a range of scenarios - multi-generational living, investment with supplementary income, or a substantial coastal base in a central, walkable location.

Additional features of this incredible property include:

  • Multiple outdoor entertaining areas
  • Split system heating and cooling throughout the bedrooms and living areas
  • Combustion heater
  • Stainless steel appliances in the cottages
  • Stone bench tops
  • Dishwasher
  • Semi-commercial laundry with abundant linen storage
  • Storage sheds

Change History
Headline When
$2,400,000
$2,200,000 - $2,400,000
Location
37 Chapel Street
Cowes VIC 3922
Market Insights for Cowes VIC 3922
New Listings (last 30 days)
7
Average price
$576,000
Lowest price
$349,000
Highest price
$749,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.