Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Mirboo North › Wells Rd
$740,000
Last sold
5 Mar 2021
5
Bedrooms
3
Bathrooms
6
Car spaces
3,838 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$740,000
5 Mar 2021 · derived via latest_sale
Local land rate: recorded House sales in Mirboo North (last 5 years) with land size have a median of $584/m² of land (n=63). Districts calculation from recorded sales — not a valuation.
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Mirboo North
+60.3%
Median sale
Suburb $461,500
-1.83 pp
Gross yield
Suburb 4.86%
Suburb median $461,500 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $431/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stockdale & Leggo Mirboo NorthBeautifully constructed with a timeless design, this expansive family home is positioned on a generous 3838m2 allotment. Set back overlooking a beautifully lined driveway with mature October Glory maples, manicured gardens, and further afield over nearby bushland, this property has something for everyone. Offering a much sought-after lifestyle package, ideal for the entertainer and with room for the largest of families or those wishing to work from home.
Stepping inside, the large entryway is inviting with floating timber boards, high ceilings and ornate cornice that continue through-out the home. Designed with luxury and comfort in mind, the living, dining and kitchen are open plan, and boast large windows that flood the space with natural light to allow the beautiful gardens to be appreciated from every angle.
The charming country kitchen features stone-look bench tops, hardwood cabinetry, a gorgeous Falcon 1200m gas stove top complete with two electric ovens, a breakfast bar and a walk-in pantry with bench space and generous storage. The separate lounge with quality carpets, wood fire and ceiling fan is spacious yet cosy. Down the hall, a rumpus room with surround sound, split system and ceiling fan that opens onto the outdoor entertaining area which provides an all-important third living area for large families.
Featuring five good sized bedrooms, the Master is expansive with lush carpets, French doors that open onto the wrap around deck, his and her walk in/BIR's and a ceiling fan. Bedrooms two and three both provide walk in robes, ceiling fans and views over the front gardens, whilst bedroom four, along with an ensuite provides French doors to the extensive deck. Bedroom five has BIR's is North facing and overlooks the beautiful back gardens. Complete with a ducted vacuum system, this property has all the bells and whistles.
Showcasing three full bathrooms, this home just keeps on giving. The Master bedroom provides a spacious and light filled ensuite with a spa bath that's positioned perfectly to take in the views over the gardens, shower, double vanity and separate toilet. Bedroom four also provides an ensuite with vanity, shower and toilet, making an wonderful spare bedroom for guests with privacy or a bedroom the kids will all fight for! The main bathroom is located at the end of the hall and provides a gorgeous claw foot bath, shower, vanity and separate toilet.
Externally this property is peaceful and private, flaunting magnificent, established English gardens that were well considered in their design and have been lovingly maintained. The elevated and protected wrap around Merbeu deck provides the perfect place to relax with a cuppa and enjoy the views all year round, whilst the expansive undercover deck complete with built in surround sound and a pot belly to keep you cosy in winter is ideal for entertaining, providing ample space for the largest of gatherings.
Whether you are a tradie wanting to work from home or a large family with lots of toys, this property will tick all of your boxes. The 12 x 12m shed/man cave complete with workbench, pot belly, small kitchenette, shower, toilet and three phase power has a single carport and additional store room attached. Whilst the property is conveniently connected to town water, a 5000L tank has been provided supplying water to flush toilets and reduce outgoing costs. Raised vegetable garden, extensive retaining walls, double carport under the roof line and a lockable storage room under the house complete this idyllic lifestyle property.
Offering the best of both worlds; a rural lifestyle with the benefit of being only a short drive / long stroll to the main street of Mirboo North. It's rare for a property of this calibre to enter the market and this exceptional lifestyle property has it all.
Listing description written by Bec Cook, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.