OFF MARKET

702 Pigick-Pella Road
Rainbow VIC 3424

Bedrooms: -
Bathrooms: 1
Car spaces: 2
Land area: 2585789m2
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Property Details for 702 Pigick-Pella Rd, Rainbow

Building Type
Commercial
Land Size
2585789m2
Local Government
Hindmarsh
Lot/Plan
29/PP2943

Last Listing description (February 2015)

MALLEE CROPPING/GRAZING LAND - RAINBOW DISTRICT
2640 acres (1068.36ha) approx - As a whole or in 3 lots
Lot 1: 590 acres (238.3 ha) approx. Two main paddocks, slightly undulating, typical Mallee loam soils, 2 unused bores.

Lot 2: 640 acres (258.99 ha) approx. Seven paid paddocks, undulating typical Mallee soil types, well fenced. Improvements include renovated period style 4 bedroom limestone homestead. Extensive quality shedding including large steel frame machinery shed, shearing shed, hay shed, workshop & chemical shed, bore.
Lot 3: 1410 acres (570.60 ha) approx. Eight main paddocks, undulating mixed Mallee loam soils to sandy loam to light sand soil types. Power to middle of block, bore.
Sizable offering of Mallee country farmed on a legume cereal rotation with good gypsum history.
Tenders close: 4.00pm Friday February 13th 2015 at Elders Office, 30 Scott Street, Warracknabeal with 10% deposit cheque (refundable if unsuccessful) ? Balance 30 days.
All or any Tender not necessarily accepted.

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Property History for 702 Pigick-Pella Rd, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Transferred
10 Aug 2015
  • 10 Aug 2015
    Transferred
  • 05 Dec 2014
    Listed for Sale SALE BY TENDER
  • 04 Apr 2012
    Transferred
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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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