OFF MARKET

50 Ridgway
Mirboo North VIC 3871

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 1393m2
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Property Details for 50 Ridgway, Mirboo North

50 Ridgway, Mirboo North is a 3 bedroom, 2 bathroom House. The property has a land size of 1393m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
House
Land Size
1393m2
Local Government
South Gippsland

Last Listing description (May 2023)

Stockdale & Leggo Mirboo North are delighted to exclusively offer For Sale this outstanding retail/residential gem in the heart of Mirboo North's thriving main street 'Ridgway'. Sitting on a sprawling 1393m2 allotment, this property provides incredible opportunity for income return, boasting a Commercial shop which is currently leased and earning revenue, and a 3-bedroom weatherboard home with rear lane access.

Situated in a prominent position the shop is currently leased for $1067.41 per month until 30th September 2022 with the tenants hoping to secure a further 2-year lease. Character filled with hardwood floors and an exquisite ceiling rose, the retail space is light filled thanks to floor to ceiling windows that bathe the space in natural light. Heating and cooling have been well considered with the provision of a split system in the main 10m x 7.3m shop front. Two adjoining offices, a kitchenette, toilet, and storage room at the back complete this section of the property.

The weatherboard home which has direct access to the shop is privately set back amongst peaceful gardens, flaunting pencil pines, a maple, citrus trees, ferns, and roses.

Stepping inside, the light filled open plan kitchen and dining showcase charming slate floors, skylight, hardwood cabinetry, electric cooking, dishwasher, breakfast bar and corner pantry. A sliding glass door opens seamlessly onto an expansive protected deck nestled amongst beautiful gardens, this is the perfect place to gather friends and family for a BBQ whilst enjoying your peaceful surrounds.

Relax by the cosy wood fire in the spacious carpeted lounge that provides a gorgeous green outlook, split system and doors that open onto a small private courtyard.

The home affords three spacious and light filled bedrooms. The Master bedroom offering extensive storage and a generous ensuite with modern vanity, shower and toilet, bedroom two full length bookcase and cupboards, whilst bedroom 3 supplies BIR's.

Positioned opposite bedroom three, the main bathroom delivers a bath, separate shower, toilet, and vanity. The adjoining laundry is commodious with slate floors, shelving, and trough, whilst linen is provided in the hall.

The rear lane entrance off Burchell Lane allows access to the 8m x 5.2m two bay bricked open carport, garden shed with concrete floor and power and additional parking. You can rest easy knowing your kids and pets can run freely in the cute cottage gardens, as the yard is securely fenced.

The options are endless with this remarkable opportunity-

- Live in the house, and receive an income from the shop
- Receive rent from both the shop and house
- Airbnb the house and rent out the shop
- Live in the house and run your business

Don't miss out, call us today for further information!

Property History for 50 Ridgway, Mirboo North, VIC 3871

A timeline of how this property has performed in the market
Last Sold
$435,000
22 May 2017
Listed for Rent
$310/w
11 Feb 2020
  • 14 Jun 2022
    Listed for Sale $660,000
  • 22 Jan 2020
    Listed for Rent - Price not available
  • 20 Jul 2017
    Listed for Rent - Price not available
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About Mirboo North 3871

The size of Mirboo North is approximately 96.6 square kilometres. It has 2 parks covering nearly 8% of total area. The population of Mirboo North in 2011 was 2,296 people. By 2016 the population was 2,218 showing a population decline of 3.4% in the area during that time. The predominant age group in Mirboo North is 60-69 years. Households in Mirboo North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mirboo North work in a professional occupation. In 2011, 83.7% of the homes in Mirboo North were owner-occupied compared with 81.2% in 2016.

Mirboo North has 1,263 properties. Over the last 5 years, Houses in Mirboo North have seen a 73.53% increase in median value, while Units have seen a 17.24% increase. As at 30 November 2024:

  • The median value for Houses in Mirboo North is $562,431 while the median value for Units is $293,690.
  • Houses have a median rent of $400 while Units have a median rent of $270.
There are currently 6 properties listed for sale, and no properties listed for rent in Mirboo north on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Mirboo north.

Suburb Insights for Mirboo North 3871

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.