SOLD
Sold on 19 Jul 2024 for $190,000

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
$190,000
19 Jul 2024
Listed for Rent
$120/w
28 Jul 2012
  • 19 Jul 2024
    Sold for $190,000
  • 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 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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