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 › Grand Ridge East
$385,000
Last sold
3 Aug 2026
3
Bedrooms
1
Bathrooms
3
Car spaces
718 m²
Land
96.619 m²
Building
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
Last sold
$385,000
3 Aug 2026 · 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=61). 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
-16.6%
Median sale
Suburb $461,500
+0.96 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 NorthPositioned in the heart of Mirboo North, this character-filled 1950s weatherboard home offers a fantastic opportunity to secure a well-located home with scope to further enhance over time. Set within easy walking distance to the township, it will appeal to first-home buyers, investors or those seeking a property with future potential. Representing an affordable entry into the Mirboo North market, this is a smart first step into home ownership or a well-considered addition to any investment portfolio.
Stepping inside, the home welcomes you with high ceilings, charming picture rails and a light-filled living area, where large corner windows invite an abundance of natural light. Carpet underfoot adds comfort, while a split system ensures year-round climate control. The layout flows through to a practical kitchen and dining space, complete with gas cooktop, dishwasher and ample overhead storage. Comfortable as is, the home also offers scope to update and add further value over time.
The home comprises three generous bedrooms, all serviced by a central bathroom featuring a shower, bath and single vanity, along with a hallway linen cupboard providing additional storage.
Set on a secure 718m² approx. allotment, the property offers a fully fenced backyard ideal for families, pets or those with a green thumb. A single garage provides secure parking and additional storage, while the generous land size presents future potential for further development or extension (STCA). The low-maintenance nature of the property further enhances its appeal for investors and those seeking a manageable home.
Recently achieving a rental return of $390 per week, the property also presents a strong investment opportunity in a tightly held market with consistent demand for well-located homes.
Mirboo North is renowned for its strong sense of community, scenic surrounds and relaxed lifestyle. With schools, shops, Baromi Park, the recreation reserve and the Grand Ridge Rail Trail all within walking distance, this location delivers both convenience and a true country-town feel.
*While every effort has been made to ensure the accuracy of the information contained herein, prospective purchasers are encouraged to review the Due Diligence Checklist provided by Consumer Affairs Victoria and to make their own enquiries regarding the property - consumer.vic.gov.au/duediligencechecklist
Listing description written by Bec Cook, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.
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