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 › Sheens Rd
$1,350,000–$1,450,000
For sale
Asking range
5
Bedrooms
3
Bathrooms
6
Car spaces
233,503.616 m²
Land
Districts View
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
Asking
$1,350,000–$1,450,000
Asking range · $6/m² of land
No recorded sale for this property.
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
+192.5%
Median sale
Suburb $461,500
-3.20 pp
Gross yield
Suburb 4.86%
Suburb median $461,500 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$81,213 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Mirboo North's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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.
Gross yield if leased at the suburb aggregate is 1.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 NorthTucked away on a quiet no-through road, 156 Sheens Road offers privacy, breathtaking panoramic views, outstanding infrastructure, and lifestyle living only minutes from the heart of Mirboo North. Set back beyond established gardens and a sweeping circular driveway, the property spans 57.7 acres of undulating, well-fenced land, blending rural seclusion with town convenience.
Enter through a welcoming hallway that introduces generous proportions and quality finishes throughout. The residence combines weatherboard character with Colourbond durability, enhanced by double-glazed windows, full insulation, and a wrap-around verandah—the perfect place to relax and embrace the sweeping valley views.
At its heart, the free-flowing kitchen and dining impress with a soaring cathedral ceiling, stone benchtops, induction cooktop, electric oven, dishwasher, and excellent storage. Glass doors open to the front deck, while the adjoining family room with spotted gum floors and wood fire creates an inviting retreat. A separate formal lounge and dining area adds refined comfort with decorative cornices, split-system heating/cooling, and warmth from the wood fire via a heat-transfer system.
Accommodation is equally appealing, with four well-sized bedrooms providing comfort for the whole family. The master suite enjoys a walk-in robe, ensuite, split-system comfort, and sliding doors opening to the verandah—ideal for soaking in the morning sunshine and uninterrupted valley views. The remaining bedrooms are serviced by a central bathroom featuring a bath, corner shower, vanity, and toilet, plus a separate third toilet for added convenience. Excellent storage and a practical laundry complete the floorplan.
Adding flexibility, a self-contained one-bedroom granny flat sits within walking distance of the home. It provides its own lounge, kitchenette, bathroom, bedroom with carpet and walk-in robe, double-glazed windows, and split-system heating/cooling—ideal for extended family, guests, or rental use.
Outdoors, lifestyle features include a 4.3kW solar system, established orchard, chicken coop, wood storage, and six water tanks supplying more than 170,000L. Shedding is extensive, with a 20x10m four-bay shed (concrete/timber floor, three-phase power, high clearance), plus a double garage with two remote doors and concrete flooring.
Water security is assured with three dams across the property. Currently used for farming and grazing, the fertile soils and adaptable land are productive and well set up for ongoing use with stock yards capable of holding all cattle on the property—offering excellent farming potential alongside an idyllic rural lifestyle.
Positioned in one of Mirboo North's most sought-after rural pockets, this property combines productive acreage, lifestyle freedom, a peaceful setting on a quiet no-through road, and close proximity to both the township and local schools—delivering the best of both worlds.
Listing description written by Bec Cook, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.
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