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Sold on 16 Jul 2024 - Price Unavailable

7 Rainbow Street
Merbein VIC 3505

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 718m2
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Property Details for 7 Rainbow St, Merbein

7 Rainbow St, Merbein is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 718m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Merbein in the last 12 months.

Building Type
House
Land Size
718m2

Last Listing description (July 2024)

* This weatherboard home offers a unique blend of charm, functionality, and convenience
* Situated in a quiet neighborhood and minutes from the heart of Merbein, this property is ideal if you are looking for peace & quiet lifestyle
* Floorboards feature in the lounge area and the original kitchen is functional and has an upright stove

* Outside you will be impressed with the undercover entertaining space plus a paved area that is the entry to the self contained bungalow with one bedroom and bathroom faciltiles

* Also with genuine side access for easy storage for vehicles or a caravan, plenty of shedding and a fully fenced for privacy
* Make this home yours today, because it's going to go fast
* With a current rental appraisal of $280 - $300 per week

Upon arrival at all Open Inspections you will be required to present photo identification.
Please contact our office if you would like more information.

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Property History for 7 Rainbow St, Merbein, VIC 3505

A timeline of how this property has performed in the market
Last Sold
16 Jul 2024
  • 30 Jun 2024
    Sold for $270,000
  • 14 May 2024
    Listed for Sale $265,000 - $285,000
  • 09 Jul 2021
    Sold for $185,000
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About Merbein 3505

The size of Merbein is approximately 34.5 square kilometres. It has 7 parks covering nearly 7.1% of total area. The population of Merbein in 2011 was 2,671 people. By 2016 the population was 2,699 showing a population growth of 1.0% in the area during that time. The predominant age group in Merbein is 50-59 years. Households in Merbein are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein work in a trades occupation. In 2011, 73.2% of the homes in Merbein were owner-occupied compared with 71.5% in 2016.

Merbein has 1,593 properties. Over the last 5 years, Houses in Merbein have seen a 69.03% increase in median value, while Units have seen a 64.71% increase. As at 30 November 2024:

  • The median value for Houses in Merbein is $337,673 while the median value for Units is $306,357.
  • Houses have a median rent of $350 while Units have a median rent of $195.
There are currently 18 properties listed for sale, and 2 properties listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Merbein.

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