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 › Ridgway
$570,000
Last sold
16 Sept 2022
3
Bedrooms
1
Bathrooms
4
Car spaces
1,159 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
$570,000
16 Sept 2022 · 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=62). 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
+23.5%
Median sale
Suburb $461,500
-0.93 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 NorthPerfectly positioned in the heart of town, on Mirboo North's iconic 'Ridgway' opposite picturesque Baths Road Reserve and only a short stroll to schools, kinder, shops and beautiful Baromi Park, this charming weatherboard cottage sits on a sprawling 1159m2 allotment offering loads of character and great shedding.
Set back, behind an endearing picket fence and established gardens, the protected front porch is the perfect spot to watch the world go by. Stepping inside, the charming central hallway is welcoming, boasting soaring ceilings with timber detailing.
Open plan in design, the light filled kitchen, dining and lounge is the heart of the home, flaunting timber panelling, floating floors, gas stove top, electric oven, island bench, dishwasher, and generous walk-in pantry with space for the fridge and freezer. Heating and cooling have been well considered with the provision of gas ducted heating throughout, and a split system in the living quarters.
Ideal for gathering, the inviting back deck opens off the kitchen, supplying the all-important connection between indoor and outdoor living. Protected to allow year-round enjoyment, you'll love relaxing here with a cuppa while your kids and pets revel in the space and freedom that the expansive and secure yard delivers.
The home affords three spacious bedrooms with carpet, and large windows that allow the delightful gardens to be appreciated from inside whilst flood the rooms with natural light. Bedroom one and two showcase timber lined walls whilst bedroom three boasts BIR's and the original decorative cornice.
Centrally found, the commodious modern bathroom features dado board lined walls, a timber vanity, bath, separate shower, toilet and IXL tastic. Situated off the kitchen, the laundry supplies a built-in laundry hamper, broom closet and small bench area.
Freshly painted externally, the home is surrounded by flourishing gardens, fruits trees, vegetable garden and an entertaining area with raised garden boxes. A 6-panel solar system and a 9x9m shed with concrete floor, power, wood fire and remote door for secure parking complete this lovely property.
If you're looking for convenience without compromising on allotment size, this delightful property is unrivalled. Situated in the breathtaking Strzelecki ranges, Mirboo North is surrounded by lush rolling hills and forests and is found approx. 155km's southeast of Melbourne and only half an hour from the Latrobe Valley. Our thriving community displays excellent schools, a variety of shops and boutique cafés, gorgeous parks, outdoor swimming pool and the well renowned Grand Ridge Rail Trail. Don't miss this wonderful opportunity, enquire today!
Listing description written by Bec Cook, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.