5 Grand Ridge East
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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
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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 Reserve — 4.1 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
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Full Mirboo North marketThis listing
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Price history
Listing price changes
1 price change recorded for this property
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