No views from the accommodation to speak of, but walk 5 minutes down the road to the creek and the glorious beach and Sentinel rock behind it, and you'll have the most gorgeous views of ocean and lighthouse you'll ever see.
Restaurants in town are great -- in particular Gin Kitchen (Asian), A la Greque, Captain of Aireys (pizza etc.) and Le Comptoir (French wine bar and small plates). The Lighthouse Tearooms are sweet too.
For a sensational and easy circular walk, turn right from the accommodation up to the lighthouse via Lighthouse Rd (maybe visit the Tearooms as you pass them), then return from the lighthouse down the cliff track, back to the accommodation -- very scenic, with amazing views over creek, beach and ocean.