57 Swanston Street

Off Market

57 Swanston Street

Geelong VIC 3220

1435 m²

Block of units

Last sold for $3,200,000

Tony Young, last sold this property on 29 September 2025 after 437 days on market.

Overview

Block of 9 X 2 Bedroom strata titled units in this prime location

Located immediately opposite the Geelong Hospital this group of units is perfectly located in the heart of the medical precinct and only 800 metres from the CBD and Geelong Waterfront. Each unit comprises • Two generous bedrooms • Living and dining adjacent kitchen • Bathroom incorporating laundry/ separate toilet • Easy access undercover carport Each unit has its own aspect, and the upper-level units have some nice views. There is a huge opportunity to upscale this group over time. 7 of the units are currently let with an overall potential return at full occupancy of $170,000 P.A gross approx. Upgrade each unit and utilise as short time accommodation as tenants move on to increase income without disturbing the existing tenants to create a mixed income. A 5-year plan could see all upgraded along with an update of the exterior and gardens. Importantly when you decide you can sell the group as a whole or sell individually over time to spread the profit due to the existing strata title. The current Zoning for this large 1,435m2 (North/East) corner allotment is Residential Growth Zone - Schedule 2 which means the highest and best use for this property could well change over time as demand grows in this superb location.

Features

18 bedrooms

9 bathrooms

9 carspaces

9 carport spaces

1435 m² lot size

Block of units

Estimated Value

We need at least 3 similar 18 bedroom block of units sold in Geelong over the last 12 months.

Property history for 57 Swanston Street

2025

Sold

$3,200,000

29 Sep 2025 by Tony Young, of Gartland

Happy sellers in Geelong

65%

65% of sellers in Geelong reported that their sale price either exceeded or met their price expectations.

Geelong stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Geelong over the last 12 months.

Local market activity for 18 bedroom block of units in Geelong

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Geelong for a free market appraisal.

Michelle Winckle

at Hayeswinckle Highton

4.9

(384 reviews)

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Lisa Emanuel

at Gartland

(3 reviews)

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Matthew Hunt

at Buxton Highton

(536 reviews)

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Tom Butters

at Buxton Newtown

4.9

(180 reviews)

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Nearby agents

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Michelle Winckle

Sellers who recommend Michelle Winckle have praised them for being clear communication, local expert, supportive, honest, hard-working, dedicated and reliable