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 West
$420,000
Last sold
20 Feb 2026
2
Bedrooms
1
Bathrooms
2
Car spaces
2,084 m²
Land
179.86 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
$420,000
20 Feb 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=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
-9.0%
Median sale
Suburb $461,500
+0.48 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 NorthNestled on a sprawling half-acre allotment, this charming two-bedroom brick home presents an incredible opportunity for first-home buyers or savvy investors seeking an affordable entry into the Mirboo North market.
From the protected front deck, the home opens to a bright, open plan living, dining, and kitchen area. Freshly painted throughout and boasting a neutral colour palette, the interiors are light-filled and welcoming. The north-facing living area features new carpets and blinds, a skylight, and large picture windows capturing tranquil rural vistas, all kept comfortable year-round by a split system. The kitchen is functional and inviting, complete with timber cabinetry, gas stovetop, electric oven, generous bench space, and excellent storage – all while offering a delightful outlook over the backyard.
Down the hall are two north-facing bedrooms, each light-filled with new carpet and built-in robes. They are serviced by a well-appointed bathroom featuring a corner shower, bath, and single vanity, with a separate toilet conveniently accessible via Jack-and-Jill access from both the bathroom and laundry. Ample storage is provided with a two-door linen press, and the laundry includes direct access outdoors.
Outside, the home is surrounded by vibrant gardens with roses, camellias, and azaleas. A drive-through carport adjoins the home, with secondary access available off Wembridges Road for added convenience. The fully fenced backyard offers lush lawn, minimal-maintenance gardens, a clothesline, and a wrap-around verandah perfect for relaxing while the kids or pets play safely. To the east, a clear section of land offers potential for future development – whether a large shed or home extension (STCA).
Positioned within the breathtaking Strzelecki Ranges this property presents a strong investment opportunity, with an estimated rental return of approximately $350 per week (based on current market conditions). Mirboo North offers a thriving community atmosphere with excellent schools, boutique shops, cafés, gorgeous parks, an outdoor swimming pool, and the well-renowned Grand Ridge Rail Trail. Located approximately 155km southeast of Melbourne and just 30 minutes from the Latrobe Valley, this delightful home provides the perfect blend of comfort, opportunity, and country charm.
Listing description written by Emma Evans, Stockdale & Leggo Mirboo North — reproduced as published, not verified by Districts.
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