1 Callaway LaneRainbow VIC 3424
Property Details for 1 Callaway Lane, Rainbow
1 Callaway Lane, Rainbow is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 998m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Last Listing description (January 2022)
The front yard of this home is really beautiful. Set just off the main street this period style home features 3 double bedrooms-main with ensuite, lounge with laminate floor and split system, kitched with a gas stove and walk in pantry, main bathroom is combined with the laundry and has a toilet, vanity, shower, trough and washing machine taps. Outside there is a nice deck across the back of the home, 3000 gal rain water tank and pump, garden shed, iolder storage shed and a double carport accessed off the side street. There is solar hot water making the home more energy efficient. The current owner has also upgraded the wiring.
Please Note; Vacant possession will be a mid January 2022 settlement,
Property History for 1 Callaway Lane, Rainbow, VIC 3424
- 20 Jan 2022Sold for $148,000
- 06 Oct 2021Listed for Sale UNDER OFFER
- 14 Aug 2018Sold for $85,000
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0About 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 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 601 properties. Over the last 5 years, Houses in Rainbow have seen a 87.72% increase in median value, while Units have seen a 119.42% increase. As at 28 February 2026:
- The median value for Houses in Rainbow is $187,867 while the median value for Units is $417,980.
- Units have a median rent of $115.
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