OFF MARKET

7 Lake Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 131m2
Land area: 4236m2
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Last updated 4 Nov 2024
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Property Details for 7 Lake St, Rainbow

7 Lake St, Rainbow is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 4236m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1940
Floor Size
131m2
Land Size
4236m2
Local Government
Hindmarsh
Lot/Plan
1/TP671939

Last Listing description (April 2023)

Set on just over 4000m2, this 3 bedroom home has huge potential for someone looking for a property with room to move. The house does need a bit of work and some cosmetic improvements but the bones seem sound and the separate bungalow is an added bonus. The kitchen is functional and a good size, the lounge has a split system A/C as does one of the bedrooms. The bathroom has a basin, toilet and shower over a kids bath and the sleepout could be an extra bedroom if needed. Outside there is a single garage, 2nd toilet, garden shed and a dog pen. The yard open up out the back and is accessed by 2 lanes.

Property History for 7 Lake St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$92,500
31 Mar 2023
  • 31 Mar 2023
    Sold for $92,500
  • 06 Mar 2023
    Listed for Sale UNDER OFFER
  • 24 Apr 2014
    Sold for $65,000
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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 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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