SOLD
Sold on 10 Apr 2024 for $150,000

5 Darts Avenue
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 106m2
Land area: 1009m2
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Property Details for 5 Darts Ave, Rainbow

5 Darts Ave, Rainbow is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 1009m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Rainbow in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
106m2
Land Size
1009m2
Local Government
Hindmarsh
Lot/Plan
14Z/PP5664

Last Listing description (April 2024)

Set close to the main street is this solid block home. Featuring 3 double bedrooms, galley style kitchen, functional bathroom, lounge with an open fire place and evaporative cooling. Outside there is 3 storage/garden sheds, rear lane access and a single carport. The landscaping is up to the new owners to add their own touch to.
The home still needs a few minor things finished off but the current owner has been renovating. Some of the things in the photos can be negotiated as part of the sale.
The council rates are approx $985pa.

Property History for 5 Darts Ave, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$150,000
10 Apr 2024
  • 10 Apr 2024
    Sold for $150,000
  • 19 Mar 2024
    Listed for Sale Not Disclosed
  • 17 Jun 2022
    Sold for $94,000
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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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