Positioned in a quiet and peaceful location in Teddy Bear Lane, only a 10-15 minute walk to the beautiful north facing Red Rocks Beach, and 3.5kms to Thompson Avenue, to access shops, cafes, restaurants and supermarkets is this 2 bedroom classic original beach house. Situated on a generous 629sqm allotment, backing on to the reserve, this property is ripe for renovation or redevelopment. Offering 2 bedrooms, one bathroom/laundry, separate toilet, kitchen and living area, the floor plan is simple - yet functional. The outside space has been left natural and not landscaped, requiring very little maintenance apart from a regular mow, and also offers a garden shed to the rear. The property next door (a 586sqm approx vacant block) is also available for those looking to purchase side by side allotments. Ideal for families, or those wishing to amalgamate the sites and create a larger parcel of land. This is a unique opportunity to secure one or both of these promising properties! This property for sale in Cowes is proudly presented by Ray White Real Estate Phillip Island.