Property Details for 36 King St, Rainbow
36 King St, Rainbow is a 3 bedroom, 1 bathroom House.
Last Listing description (January 2022)
On offer is this immaculate 3 bedroom home which is extremely well located in the township of Rainbow. This property is within short walking distance to the Main Street and P-12 College. All 3 bedrooms are of good size feature BIR's and ceiling fans. The well-appointed kitchen offers excellent storage and has electric wall oven, cooktop and dishwasher. The kitchen is open plan to the dining area and has access to the carport. From the dining room is the spacious living room with split system heating and cooling plus evaporative cooling in the hall way. The modern tiled bathroom is lux white and is suitable for all abilities with open shower and vanity. Outside there is well manicured gardens with a large double carport enclosed on 3 sides and a "mans" shed being approximately 6.5m x 5.5m in size with vehicle access and a workshop area. This property is well fenced and has side lane access plus sundry shedding suitable to poultry and fruit trees. This home is currently leased until May 2022 with a good return of 5.2%. Very rarely does a property of this quality come to market.
Please note the legal address of this property is 31 King Street Rainbow but it is known as 36 King Street Rainbow.
Property History for 36 King St, Rainbow, VIC 3424
- 29 Nov 2021Listed for Sale $220,000
- 05 May 2021Listed for Rent $219 / week
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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 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.
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