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VIC › Mirboo North › Grand Ridge Rd

3350 Grand Ridge Rd, Mirboo North VIC 3871

Rural Property

$1,310,000

Last sold

28 Oct 2022

3

Bedrooms

1

Bathrooms

2

Car spaces

242,811.385 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,310,000 (28 Oct 2022).(Recorded sale)
  • FactLand 242,811 m²; no building size recorded.(Property record)
  • CalculationRecorded Rural Property sales in Mirboo North (last 5 years) with land size: median $12/m² of land (n=10). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,310,000

28 Oct 2022 · derived via latest_sale

Local land rate: recorded Rural Property sales in Mirboo North (last 5 years) with land size have a median of $12/m² of land (n=10). 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.

See the full Mirboo North report →

Vs Mirboo North

+183.9%

Median sale

Suburb $461,500

-3.15 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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,310,00028 Oct 2022
  2. Listedprice unknowncompleted12 Sept 2022

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mirboo North in one glance

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.

See the full Mirboo North report →

Keep researching

  • Why Mirboo North? Read the area thesis →
  • What else is on the market in Mirboo North →
  • Other records on Grand Ridge Rd →

Listing material

Listed by SEJ Real Estate Leongatha

"Tarwin Lea"- Homestead Block

In the picturesque rolling hills of South Gippsland, on a quiet country road just minutes from the township of Mirboo North you will be greeted by a charming presence as you turn in the drive.

"Tarwin Lea" is the original homestead block of a greater landholding that once upon a time was the whole surrounding valley.

The established London Plane trees stand graciously up the sweeping drive and you cannot help but know that there is a special place to call home here.

Read the full description

60 magnificent productive acres. A perfect mix of flats, undulating to rolling grazing country. Well sheltered, this property has water security with several natural springs, dams, and soaks on the property. Excellent fencing, with 7 paddocks (approx.), including hay paddocks and central stock yards for ease of stock management along with assorted shedding including 2 hay sheds and a double garage at the house.

"Tarwin Lea", is ideal for all cattle endeavours, fattening, breeding or as is at present running dairy young stock with the ability to cut both silage and hay.

The weatherboard home with its sweeping verandas holds much charm nestled in its very own garden of Eden with views across the valley. Originally built in 1945 the home has had some updates over time, yet still retains the charm that only these much-loved country homes of yesteryear do.

Features include:

- Country style kitchen with electric oven, gas cook top, pantry and lovely hardwood timber floors

- The living room has a corniced ceiling, timber panelled walls with double doors that open out onto the front veranda. A Masport wood fire and reverse cycle air conditioner keeps the home comfortable all year round.

- The master bedroom with corniced ceiling's also has double doors that open out to the front garden.

- A second bedroom enjoys garden views whilst the third bedroom has been converted to an office/library at present.

- The family bathroom is complete with bath & separate shower and a small, renovated laundry space sits to the rear of the home.

Externally a garden of ornamental shade trees and flowering plants of all seasons extend around the home and if you wander the path, you will find what is best described as a fairy -tale custom made studio, complete with all the comforts, electricity, and a wood heater for those cold winters days when one is tucked away creating.

This long held family property is an ideal opportunity for the next custodian to put their touch on the home with the farm providing options for cattle, horses, sheep, horticulture and more.

Located an easy 10-minute bitumen road drive from the growing township of Mirboo North with schools, shops, and sporting facilities. It is only 22 minutes to Leongatha, 40 minutes to the beaches of Inverloch and 1hr 50minutes to Melbourne.

Opportunities to secure such distinctive properties are rare. For more information and to arrange a personal inspection, please call Irene Walker at SEJ Real Estate.

Listing description written by Irene Walker, SEJ Real Estate Leongatha — reproduced as published, not verified by Districts.

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.