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Sold on 17 Dec 2024 - Price Unavailable

16 Gray Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 1187m2
Sold By
Westech Real Estate
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Property Details for 16 Gray St, Rainbow

16 Gray St, Rainbow is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1187m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 3 bedroom House sold in Rainbow in the last 12 months.

Building Type
House
Land Size
1187m2
Local Government
Hindmarsh
Lot/Plan
8C9/PP5664

Last Listing description (December 2024)

If you are looking to escape the hustle and bustle of city life, this quaint brick clad home offers loads of potential. Presenting 3 large sized bedrooms all with ceiling fans plus office. The large lounge room is at the heart of the home which leads to the country style kitchen. The kitchen has electric stove plus antique wood stove (in unknown working condition). Neat family bathroom with shower over small bath, vanity and toilet. The laundry is conveniently located near the rear entrance. Outside you are presented with a blank canvas perfect for the avid gardener or suitable for a large shed STCA. There is also a garage space for your vehicle and additional storage, water tank and rear lane access. This property is ideally located close to Rainbow's P-12 College and has beautiful northerly rural views of West's Paddock and Bow Hill.
With some work and modernisation this property could be great home. Don't miss out on this opportunity to own this affordable property and explore the vibrant community of Rainbow.

Property History for 16 Gray St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
17 Dec 2024
  • 17 Dec 2024
    Sold
  • 26 Nov 2024
    Listed for Sale Not Disclosed
  • 06 Apr 1998
    Sold for $19,500
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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 599 properties. Over the last 5 years, Houses in Rainbow have seen a 111.44% increase in median value, while Units have seen a 130.67% increase. As at 30 November 2024:

  • The median value for Houses in Rainbow is $155,887 while the median value for Units is $264,267.
  • Units have a median rent of $115.
There are currently 2 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to CoreLogic's data, 21 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.