72 Bellerine StreetGeelong VIC 3220
Property Details for 72 Bellerine St, Geelong
72 Bellerine St, Geelong is a 12 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 754m2 and floor size of 222m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (March 2026)
Expressions of Interest Closing Wednesday 23rd April 12pm
6x2 Bedroom Apartments all on one title. This significant investment opportunity in Geelong will hold strong appeal for all astute purchasers. These neat apartments are fully leased at an average of $330 p.w each and are superbly located on the doorstep of the CBD in the Hospital precinct and within easy walking distance to all that a CBD address has to offer.
For many years the combined value of and return of the individual units on this site would be considered as the highest and best use for this site but as Geelong continues to grow and the demands on the CBD continue to increase many possibilities will present. It is just a matter of waiting while your investment increases in value.
Zoned Activity Centre 1- This flexible Zone allows for a multitude of potential developments on this 745m2 site (currently zoned for 4 levels)
https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08
https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08-s1
Strata Title and refurbish the existing property to create 6 Separate units to allow for individual sale in the future.
(Subject to approvals)
Currently returning $101,920 P.A = 4.43% Gross on the top end of our asking price
(Rental return will increase as interest rates slowly fall increasing return)
Property History for 72 Bellerine St, Geelong, VIC 3220
- 17 May 2025Sold for $2,110,000
- 19 Mar 2025Listed for Sale $2,100,000 - $2,300,000
- 17 Nov 2018Sold for $1,950,000
Recent sales nearby
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About Geelong 3220
The size of Geelong is approximately 3.3 square kilometres. There are 17 parks, covering nearly 8.9% of the 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 6,464 properties. Over the last 5 years, Houses in Geelong have seen a 5.93% increase in median value, while Units have seen a -2.77% decrease. As at 30 April 2026:
- The median value for Houses in Geelong is $893,436 while the median value for Units is $618,874.
- Houses have a median rent of $585 while Units have a median rent of $520.
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