16 Gray StreetRainbow VIC 3424
Property Details for 16 Gray St, Rainbow
16 Gray St, Rainbow is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1187m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (December 2024)
If you are looking to escape the hustle and bustle of city life, this quaint brick clad home offers loads of potential. Presenting 3 large sized bedrooms all with ceiling fans plus office. The large lounge room is at the heart of the home which leads to the country style kitchen. The kitchen has electric stove plus antique wood stove (in unknown working condition). Neat family bathroom with shower over small bath, vanity and toilet. The laundry is conveniently located near the rear entrance. Outside you are presented with a blank canvas perfect for the avid gardener or suitable for a large shed STCA. There is also a garage space for your vehicle and additional storage, water tank and rear lane access. This property is ideally located close to Rainbow's P-12 College and has beautiful northerly rural views of West's Paddock and Bow Hill.
With some work and modernisation this property could be great home. Don't miss out on this opportunity to own this affordable property and explore the vibrant community of Rainbow.
Property History for 16 Gray St, Rainbow, VIC 3424
- 06 Dec 2024Sold for $130,000
- 26 Nov 2024Listed for Sale Not Disclosed
- 06 Apr 1998Sold for $19,500
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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 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 602 properties. Over the last 5 years, Houses in Rainbow have seen a 108.36% increase in median value, while Units have seen a 100.24% increase. As at 31 January 2026:
- The median value for Houses in Rainbow is $195,281 while the median value for Units is $466,589.
- Units have a median rent of $115.
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