OFF MARKET

52 Federal Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Land area: 1426m2
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Last updated 4 Nov 2024
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Property Details for 52 Federal St, Rainbow

52 Federal St, Rainbow is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 1426m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Land Size
1426m2
Local Government
Hindmarsh
Lot/Plan
1/TP380908

Last Listing description (February 2022)

Not very often does a property of this magnitude come on the market.
Former CBA branch set in the main street of Rainbow, comprises of the main foyer and offices on the floor level with wheel chair access also features a separate office, safe room, toilets and a kitchen.
Step outside for a separate entryway to the upstairs residence, head up the grand staircase you will find hidden treasures of yesteryear

The residence comprises of a lounge room with an open fireplace, 2 large bedrooms with BIR, a good sized family bathroom, kitchen and dining room and a large covered sunroom at the front of the property overlooking the street
The bones are here to create a character period home set in an ideal location, this renovators delight is set on a 1425 sq meter block and has rear access
The possibilities are endless from holiday accommodation, retail premises or a grand family home, an opportunity not to be missed
Call the Elders team today

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Property History for 52 Federal St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$162,440
16 Aug 2021
  • 16 Aug 2021
    Sold for $162,440
  • 29 Jun 2021
    Listed for Sale Price On Application

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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.

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