OFF MARKET

22 Lake Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 160m2
Land area: 1184m2
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Last updated 16 Dec 2024
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Property Details for 22 Lake St, Rainbow

22 Lake St, Rainbow is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 1974. The property has a land size of 1184m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
House
Year Built
1974
Floor Size
160m2
Land Size
1184m2
Local Government
Hindmarsh
Lot/Plan
3/PS334158

Property History for 22 Lake St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$240,000
30 Nov 2023
  • 30 Nov 2023
    Sold for $240,000
  • 06 Oct 2001
    Sold for $72,000

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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 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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