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5 Grand Ridge East, Mirboo North$385,000
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For Salehouse

5 Grand Ridge East

Mirboo North, VIC 3871, Australia
$375,000 – $395,000
3 bed 1 bath 3 car718 m²

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About this property

Positioned 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

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
3
Land Area
718 m²
Listed
3 months ago

Repayment calculator

$1,866/month
$933 /fortnight
Loan $308,000 at 6.10% over 30 years

Upfront costs

Deposit$77,000
Stamp duty$18,170
Conveyancing (est.)$2,000
Total upfront$97,170
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Mirboo North

This 3-bedroom house in Mirboo North, VIC 3871 sits within reach of and nearby schools. It is listed 33% below the $572,500 median of 24 comparable houseswithin 5 km.

Schools near Mirboo North

  • Mirboo North Primary Schoolprimary · Prep-6 · CoEd
  • Mirboo North Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Dickies Hill Picnic Reserve4.1 km away

Mirboo North at a glance

Full suburb profile
Population
2,263
Median age
48
Household income
$1,223/wk
Median rent
$255/wk
Median mortgage
$1,367/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Mirboo North price trend

Median sold · House 3 bed

Compound growth -1.5% / yr over 4 yrs

$495kcurrent median

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Price history

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1 price change recorded for this property

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