First published 23 Oct 2026, 5:00am
The five-bedroom residence at 150 Bellerine St, Geelong, sold for $1.1m after auction.
A Geelong character home used as a family residence for the past decade is set to become part of the CBD’s growing health precinct.
The five-bedroom residence at 150 Bellerine St, Geelong , sold for $1.1m in negotiations that occurred after the home had been passed in at an auction.
Wilsons Geelong director James Wilson said the auction opened on a $1.05m genuine bid and passed in after the bidder raised the stakes to $1.085m.
RELATED: Demolished CBD building owners still courting buyers
Uniting Church lists prime Barwon Heads site for $3m
Gen Fyansford fast-tracks biggest land release in years
It seemed that using the close-to-100-year-old home for allied health purposes was deemed the highest and best use during the campaign, Mr Wilson said.
He said that was where much of the interest sprang during the campaign culminating in Saturday’s auction.
“With the development of that area over the past 10 years, it’s become very hospital and allied health-centric,” Mr Wilson said.
An open-plan lounge and dining room is at the rear of the house.
The updated kitchen connects to a dining zone.
And I think particularly for this property, it’s set within the Activity Centre 1 zone, but it also was in the medical precinct of that, which was straightforward for anyone that wants to use the property in that way.
“Plus, it had a number of street frontages and it didn’t have any heritage overlay or heritage encumbrances.”
The 555sq m property sits opposite the CBD’s G1 Apartments complex, just a block away from Geelong’s University Hospital.
“It has been (used as a residence) for the last 10 years. The kids have grown up and gone to school. It’s been a great family area for them,” Mr Wilson said.
There are four bedrooms in the main house.
The self-contained detached studio adds versatility to the property.
“But really the highest and best use seemed to be through the marketing campaign either allied health or business consultancy purposes tended to be the strongest inquiries that we had.
“And it’s been sold to someone in the allied health sector.”
The five-bedroom home was marketed with a $1.05m to $1.15m price guide, and went to auction with $1.15m reserve.
The house features generous proportions, including spacious bedrooms and living areas, a wide central hallway.
A detached studio/bedroom and double garage add further versatility.
Help us improve your reading experience
Got a minute? Your feedback will help us build a better experience for you.
