OFF MARKET

3-5 Cust Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 2146m2
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Last updated 16 Dec 2024
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Property Details for 3-5 Cust St, Rainbow

3-5 Cust St, Rainbow is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 2146m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
House
Land Size
2146m2
Local Government
Hindmarsh
Lot/Plan
1/TP241253

Last Listing description (September 2017)

Set on over 2000 sq meters and on 2 titles this land and home is being offered as 1.
The well fenced vacant block measures appox. 1240 sq meters and the home block measures approx. 910 sq meters.
The weatherboard and corrugated iron roofed home would be a work in progress. Considerable work is required to bring it to a livable condition. Features include 3 bedrooms, possible family room, lounge room and kitchen. There is also an electric hot water service.

Outside there are 2 aged open fronted sheds, one a 3 bay and the second a 2 bay as well as a carport and garden shed. There are 2 x 9000lt poly tanks on the home block and 1 x 9000lt on the adjacent block.
Call Rob on 0467 044 484 to arrange an inspection and discuss this property.

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Property History for 3-5 Cust St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$44,000
25 Aug 2017
  • 25 Aug 2017
    Sold for $44,000
  • 17 Jul 2017
    Listed for Sale $53,900
  • 02 Mar 2006
    Sold for $5,000
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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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