9 Spaven Court, Cowes VIC 3922

A family favourite booked all year round with significant repeat business, this fabulous cash flow positive family home is achieving an amazing 10% gross yield on the property asking price, which equates to $70,000 per annum rental income!

Designed to embrace lifestyle and family living is this immaculately presented four bedroom home at the end of a quiet court located within minutes walk to the beautiful north facing Red Rocks Beach and only 200 metres to the Par 3 Golf Course.

Behind double timber gates is a beautiful tree lined, avenue like, driveway leading to a magnificent single level lifestyle property. Boasting a spacious open plan living and well appointed kitchen including a 900mm gas cook top and oven, complimented by stainless steel appliances and stone bench tops. A further large and entirely separate second living/rumpus area makes this the ultimate family home. A large north facing undercover alfresco area flows from both living areas overlooking the north facing lush landscaped garden and childrens playground - perfect for entertaining with family and friends!

The residence comprises four large bedrooms each with ceiling fans, heating and built in robes, master with walk in robe and ensuite, a huge family bathroom with free standing bath, laundry with ample storage and powder room. If this wasn't enough the fantastic holiday rental history boasts a significant return per annum.

Additional features include split system heating/cooling units, walk in showers, double car garage with internal access and loads of storage.

All set on a beautifully landscaped, low maintenance and private fully fenced 910sqm approx allotment and in close proximity to all the Island has to offer, makes this home ideal for permanent/holiday living or as an excellent cashflow positive investment property achieving exceptional 10% gross yield return of approximately $70,000 per annum.

Private Inspections Most Welcome!

This property for sale in Cowes, is proudly presented to you by Ray White Real Estate Phillip Island.