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Sold on 26 Jul 2024 - Price Unavailable

24 Railway Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 114m2
Land area: 1064m2
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Property Details for 24 Railway St, Rainbow

24 Railway St, Rainbow is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1064m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Rainbow in the last 12 months.

Building Type
House
Floor Size
114m2
Land Size
1064m2
Local Government
Hindmarsh
Lot/Plan
1/TP345465

Last Listing description (July 2024)

This stylish brick/block home was probably built in the 1920's and has stood the test of time very well. The home features 2 double bedrooms, a sleep out, an office, functional kitchen with electric stove, separate dining room with a wood heater and a ref A/C, lounge room and a quite good bathroom. The laundry has been upgraded and it has a separate second toilet. The back yard is well fenced and has a carport, another carport with a shade cloth roof, a garden shed, a wood shed and a rain water tank.
It is currently rented for $180pw on a periodic bases so we need at least 48 hours notice of any inspections.

Property History for 24 Railway St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
26 Jul 2024
Listed for Rent
$120/w
28 Jul 2012
  • 26 Jul 2024
    Sold
  • 03 May 2024
    Listed for Sale $199,000 REDUCED
  • 18 Dec 2013
    Transferred
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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 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.