OFF MARKET

7 Edgar Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 94m2
Land area: 929m2
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Property Details for 7 Edgar St, Rainbow

Building Type
Land
Floor Size
94m2
Land Size
929m2
Local Government
Hindmarsh
Lot/Plan
49/LP5167

Last Listing description (March 2023)

This block would be a great spot to build your dream home on, subject to Council Approvals of course. With Power and water in the nature strip but not connected and other vacant blocks either side. Zoned Township, flat and level your dreams could come true here. As you can see by the photos the soil is fertile. The grass will be cut soon.
The block has a frontage of approx 20.2m and a depth of approx 46m.

Property History for 7 Edgar St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$28,000
10 Mar 2023
  • 10 Mar 2023
    Sold for $28,000
  • 04 Feb 2023
    Listed for Sale UNDER CONTRACT
  • 16 Sep 1996
    Sold for $18,950
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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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