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 › Inglis Ln
$580,000
Last sold
23 Mar 2021
3
Bedrooms
1
Bathrooms
4
Car spaces
55,280.059 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
$580,000
23 Mar 2021 · derived via latest_sale
Local land rate: recorded Rural Property sales in Mirboo North (last 5 years) with land size have a median of $10/m² of land (n=11). 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
+25.7%
Median sale
Suburb $461,500
-1.00 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 NorthSitting on 13.6 picturesque acres in the rolling hills of South Gippsland, this three-bedroom farmhouse with incredible views is peaceful and private and conveniently located only a short drive to town. Whether you roll up your sleeves and renovate or knock down & rebuild (STCA), this idyllic lifestyle property provides incredible potential for those with the vision to capitalise on this affordably priced opportunity.
The three-bedroom weatherboard home started its life as a Soldier Settlement home. Internally it provides an open plan kitchen and dining that features electric cooking, walk in pantry, generous bench space and storage and an ornamental old combustion stove. The sunroom off the front is currently set up as a study and provides flexibility to be used as a formal dining room or sitting room.
Heading down the hall, the lounge is spacious with a rural outlook and offers a wood fire, split system and ceiling fan that will ensure your comfort year-round. Three light filled bedrooms feature decorative cornice, picture rails and high ceilings (two with BIR's, master with ceiling fan). Whilst the centrally located bathroom is timber lined and provides a shower over bath, single vanity and toilet. Linen is provided in the hallway and additional storage is available in the laundry which is conveniently located off the mud room.
Externally, the land on this property is its best feature, fertile flat pasture surrounds the home providing amazing rural views. In addition, there is a single garage with concrete and power, carport, chicken coop, vegie patch, established gardens, disused farm shedding and holding yard and plenty of room for all the essential farm toys and space for animals.
If you are looking for a tranquil lifestyle property that is ready for you to put your own personal touches on, look no further. Ideally located only a 5-minute drive from schools, shops, parks and the Grand Ridge Rail Trail in Mirboo North this property offers relaxing country living at its finest with all modern conveniences close by. Inspection is a must!
Listing description written by Emma Evans, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.