OFF MARKET

12-14 Federal Street
Rainbow VIC 3424

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 791m2
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Property Details for 12-14 Federal St, Rainbow

12-14 Federal St, Rainbow is a 4 bedroom, 1 bathroom House. The property has a land size of 791m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Land Size
791m2
Local Government
Hindmarsh
Lot/Plan
1/TP248821

Last Listing description (April 2021)

Set in the heart of the main street of Rainbow is this former Cafe. Being sold with vacant possession and in need of a little bit of TLC the shop is large with plenty of room to develop as you wish. Included in the sale is a 4 basket deep fryer, grill, walk in freezer, walk in cool room, sandwhich bar, small bain marie, seats, tables and cabinetry.
The attached residence has 4 bedrooms, large open plan living/meals area, combined bathroom laundry and a reasonable size back yard with a garden shed.
The property is being sold as is and the vendor has no way of knowing the condition of the equipment included in the sale.

Property History for 12-14 Federal St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$210,000
03 Feb 2023
  • 03 Feb 2023
    Sold for $210,000
  • 07 Apr 2021
    Sold for $98,000
  • 11 Mar 2021
    Listed for Sale $99,000
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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 599 properties. Over the last 5 years, Houses in Rainbow have seen a 82.86% increase in median value, while Units have seen a 79.10% increase. As at 31 October 2024:

  • The median value for Houses in Rainbow is $214,603 while the median value for Units is $204,961.
  • 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, 20 properties were sold in the past 12 months in Rainbow.

Suburb Insights for Rainbow 3424

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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.