OFF MARKET

70 Taverner Street
Rainbow VIC 3424

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4378m2
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Property Details for 70 Taverner St, Rainbow

Building Type
Commercial
Land Size
4378m2
Local Government
Hindmarsh
Lot/Plan
5/LP34618

Last Listing description (February 2012)

RAINBOW MOTOR LODGE - POT OF GOLD (Business & Freehold For Sale)
* * * * * PRICE REDUCTION!! * * * * *
?????? NOTE: Business and Freehold for Sale ??????

* Freehold: $280,000 - refer www.realcommercial.com.au/??????????????????????????????????????????????????????5588559
and
* Business: $120,000 - refer www.realcommercial.com.au/??????????????????????????????????????????????????????3139451
??? 10 units (2 doubles)
??? 1.5 acres of land
??? 2/3 bedroom owner???s residence
??? Ideal first business

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Property History for 70 Taverner St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$210,000
16 Jul 2013
  • 16 Jul 2013
    Sold for $210,000
  • 14 Oct 2011
    Listed for Sale 280000
  • 11 Oct 2009
    Listed for Sale 320000
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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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