38-40 Railway Street, Rainbow, VIC 3424 | House for sale | OnTheHouse
 
FOR SALE
$399,000

38-40 Railway Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 1750m2
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Modern Home on Large Block

If you are looking for a modern home in Rainbow you know they don't come along often!
The home sits on approx. 1750sqm block with good access to the rear yard.
This bright 3 bedroom home offers 3 very large bedrooms, all with built in robes and ceiling fans, a light filled open plan kitchen meals area and a large living area that over looks the fully fenced rear yard.
The kitchen features electric oven and cooktop, double sink and a dishwasher.
At the front and rear of the home there is a undercover decked verandas, perfect for capturing the morning and afternoon sun.
Currently on a periodic rental agreement at $350 per week, Tenants would be happy to stay
There is a rear block of approximately 1000 sqm with rear lane access that is for sale by negotiation as well if you are looking for more land.
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Property Details for 38-40 Railway St, Rainbow

38-40 Railway St, Rainbow is a 3 bedroom, 1 bathroom House. The property has a land size of 1750m2. The place is currently for sale with Harcourts Horsham.

Building Type
House
Land Size
1750m2
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About Rainbow 3424

The size of Rainbow is approximately 890.7 square kilometres. There are 5 parks, covering nearly 8.9% of the total area. The population of Rainbow in 2016 was 683 people. By 2021 the population was 672 showing a population decline of 1.6% 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 $300 - $449 per month on mortgage repayments. In general, people in Rainbow work in a managers occupation.In 2021, 81.30% of the homes in Rainbow were owner-occupied compared with 82.20% in 2016.

Rainbow has 605 properties. Over the last 5 years, Houses in Rainbow have seen a 71.19% increase in median value, while Units have seen a 112.94% increase. As at 31 July 2026:

  • The median value for Houses in Rainbow is $199,688 while the median value for Units is $406,586.
  • Units have a median rent of $115.
There are currently 5 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to Cotality's data, 19 properties were sold in the past 12 months in Rainbow.

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Jock Uebergang
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Harcourts Horsham
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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