SOLD
Sold on 25 Feb 2024 for $20,000

10 Lake Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 1000m2
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Property Details for 10 Lake St, Rainbow

Building Type
Land
Land Size
1000m2
Local Government
Hindmarsh
Lot/Plan
8~4/PP5664

Last Listing description (March 2024)

This burnt out shell comes as you see it in the photos. Every room has been damaged by the fire or water. Everything you see in the photos go with the property. Buyers should also note that the Hindmarsh Shire has a demolition order on the property. The demolition must have occurred by the 9th May 2024.
The council rates are $364.19 and the block has a frontage of approx 20m and a depth of approx 50m.
The property is being offer for sale via Expressions Of Interest. Forms can be obtained by contacting the selling Agent. Expressions of Interest close at 4pm on 9th February 2024.

Property History for 10 Lake St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$20,000
25 Feb 2024
  • 25 Feb 2024
    Sold for $20,000
  • 19 Jan 2024
    Listed for Sale Contact Agent
  • 28 Jul 1997
    Sold for $17,500
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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. It has 5 parks covering nearly 8.9% of total area. The population of Rainbow in 2011 was 735 people. By 2016 the population was 688 showing a population decline of 6.4% in the area during that time. The predominant age group in Rainbow is 60-69 years. Households in Rainbow are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation. In 2011, 79.4% of the homes in Rainbow were owner-occupied compared with 82.2% in 2016.

Rainbow has 600 properties. Over the last 5 years, Houses in Rainbow have seen a 73.59% increase in median value, while Units have seen a 61.98% increase. As at 31 August 2024:

  • The median value for Houses in Rainbow is $135,689 while the median value for Units is $221,116.
  • Units have a median rent of $115.
There are currently 3 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Rainbow.

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