OFF MARKET

18 Albert Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 3
Car spaces: 3
Floor area: 150m2
Land area: 990m2
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Last updated 16 Dec 2024
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Property Details for 18 Albert St, Rainbow

18 Albert St, Rainbow is a 3 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 990m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Floor Size
150m2
Land Size
990m2
Local Government
Hindmarsh
Lot/Plan
8U2/PP5664

Last Listing description (February 2020)

Rentals are in demand in small rural towns. This tidy block of 3 one bedroom units is fully tenanted and earns 9.86% based on the vendors full asking price.
The hardiplank units are in good condition, each consisting of a lounge/living area, kitchen with electrical appliances, bedroom with BIR's and a combination bathroom/laundry. Each unit also has a reverse cycle air-conditioner, electric hot water unit and canvas exterior blinds.
The fencing around the property is in excellent condition, there is a multi-vehicle carport, cement rainwater tank and unit 3 tenants have access to a storage shed.

An investment well worth your consideration.
Call Rob on 0467 044484 to discuss further or arrange an inspection.

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Property History for 18 Albert St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$180,000
19 Jul 2022
  • 19 Jul 2022
    Sold for $180,000
  • 21 Feb 2020
    Listed for Sale $145,000
  • 18 Apr 2019
    Listed for Rent $89 / week
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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.

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