SOLD
Sold on 30 Nov 2023 for $240,000

22 Lake Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 160m2
Land area: 1184m2
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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. There are other 2 bedroom House sold in Rainbow in the last 12 months.

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 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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