OFF MARKET

8 Gray Street
Rainbow VIC 3424

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 992m2
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Last updated 16 Sep 2024
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Property Details for 8 Gray St, Rainbow

8 Gray St, Rainbow is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 992m2. While the property is not currently for sale or for rent, it was last sold in October 2015.

Building Type
House
Land Size
992m2
Local Government
Hindmarsh
Lot/Plan
8D4/PP5664

Last Listing description (December 2015)

This low maintenance modernised two bedroom home has ample living space for the family, with great shedding on an easy access corner block with edge of town views. Large open living/dining area has slow combustion heater, ducted evaporative a/c; modern kitchen meals area with gas hot plates & electric wall oven; roomy renovated bathroom with separate shower, bath & vanity; separate toilet and internal laundry. Two garage/workshops; rear storage shed and fernery. Large yard with plenty of room for the family. Inspect soon.

Property History for 8 Gray St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$56,000
13 Oct 2015
  • 13 Oct 2015
    Sold for $56,000
  • 11 Aug 2015
    Listed for Sale $60,000
  • 04 Dec 2006
    Sold for $41,000
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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 73.59% increase in median value, while Units have seen a 61.98% increase. As at 31 August 2024:

  • The median value for Houses in Rainbow is $135,689 while the median value for Units is $221,116.
  • 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, 18 properties were sold in the past 12 months in Rainbow.

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