62 Swanston Street, Geelong, VIC 3220 sold on 19 February 2025 | OnTheHouse
SOLD
Sold on 19 Feb 2025 for $1,100,000

62 Swanston Street
Geelong VIC 3220

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 105m2
Land area: 457m2
Sold By
agent headshot
Harry Brook
Gartland
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Property Details for 62 Swanston St, Geelong

Building Type
Commercial
Year Built
1900
Floor Size
105m2
Land Size
457m2
Local Government
Greater Geelong
Lot/Plan
1/TP958775

Last Listing description (May 2025)

Set on 457sqm, and in the heart of the Geelong medical precinct, this property offers exceptional potential and endless possibilities. The position is geographically perfect, approximately 80 metres from the Geelong Hospital, a 5-minute walk to the waterfront, and only moments to the city centre. There is exceptional scope to capitalise on the rear access via Swanston Place and create car parking to unlock the commercial potential. The property offers enormous scope and potential to renovate, extend, refurbish, or redevelop. The features include 3 generous bedrooms, a living room, spacious kitchen, main bathroom, laundry and second toilet.

Maintaining the original charm of its period, the property boasts generous ceiling heights, enhancing the sense of space; a wide hallway for easy access, and recent improvements including multiple split systems and solar panels. The bathroom includes a shower, bath & toilet, and is conveniently positioned toward the rear of the property. The laundry is located immediately adjacent to the back door which leads out to the under-cover deck area, which has access to a second toilet. This then leads to the back yard which capitalises on the Northwest orientation, and there is a double garage which is accessed via Swanston Place.

The property offers an exceptional opportunity for the homeowner to design and create their dream home right in the heart of the city; the investor can capitalise on the future growth that will correspond with the continual revitalisation of the hospital precinct; and the medical specialist can position themselves in a highly visible and easily accessible position STCA.

457sqm allotment with rear access.
Clear access via Swanston Place

Potential rent return at $500 per week.

Property History for 62 Swanston St, Geelong, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$1,100,000
19 Feb 2025
Listed for Rent
$410/w
29 Jan 2020
  • 19 Feb 2025
    Sold for $1,100,000
  • 10 Jan 2025
    Listed for Sale $990,000 - $1,080,000
  • 08 Oct 2024
    Listed for Sale $990,000 - $1,080,000
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About Geelong 3220

The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2016 was 5210 people. By 2021 the population was 5811 showing a population growth of 11.5% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation.In 2021, 53.60% of the homes in Geelong were owner-occupied compared with 54.00% in 2016.

Geelong has 6,470 properties. Over the last 5 years, Houses in Geelong have seen a 19.64% increase in median value, while Units have seen a 8.47% increase. As at 30 November 2025:

  • The median value for Houses in Geelong is $868,712 while the median value for Units is $654,991.
  • Houses have a median rent of $525 while Units have a median rent of $500.
There are currently 35 properties listed for sale, and 16 properties listed for rent in Geelong on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Geelong.

Suburb Insights for Geelong 3220

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.