As the rules state, there are no sheets or towels, however there's mattress protectors, blankets, doonas, and pillows galore. My tip for first timers, the master suite has a king size bed, so you'll need sheet(s) accordingly (I didn't read the fine print, and only bought queen size bedding).
The house is so spacious and would comfortably hold at least two families. Apart from the bedding and towels, it stocks everything you could possibly need, particularly in the kitchen.
Unfortunately the time I was there, the weather was cold, wet and miserable, so I can attest that the house's heating is fantastic. So cosy and warm. I was gutted my friends and I didn't get to enjoy balmy evenings outside in the lovely courtyard.
I doubt you could get a better location, so close to the cafes, shops & beach.
All in all, would highly recommend 143 Point Lonsdale Road.