31-33 Federal StreetRainbow VIC 3424
Property Details for 31-33 Federal St, Rainbow
31-33 Federal St, Rainbow is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 637m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Last Listing description (October 2024)
This unique house and shop has undergone a lovely transformation and represents history and character within the township of Rainbow. Originally opened as a Bank circa approximately 1902 and being the former Stock and Station Agent - Roy Dunn and Sons this iconic building holds fantastic stature and is located in prime position in the main CBD. Offering a spacious shop space perfect for an art gallery, office or business. The lounge room has wood heating, split system and ceiling fan along with an ornate timber mantle. There are 3 excellent sized bedrooms, 2 have BIR's and the master is of excellent size and features a mantle. Formal dining room with mantle that leads into the modern kitchen with large cooker, dishwasher and fan overlooking the rear yard. Modern bathroom with large shower, toilet and vanity and the spacious laundry is ideally located off the rear deck and also has a 2nd toilet. The property also features a beautiful private side entrance, neat gardens with raised vegetable beds and fruit trees for sustainable living, rainwater tanks, sundry shedding and workshop, double carport and solar system.
This property is ideal for the purchaser looking to work from home or own a unique once in a lifetime building with rich township history. It would also have excellent Airbnb potential.
Property History for 31-33 Federal St, Rainbow, VIC 3424
- 12 Oct 2024Sold for $297,000
- 28 Mar 2024Listed for Sale Not Disclosed
- 22 Apr 2021Sold for $187,000
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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 602 properties. Over the last 5 years, Houses in Rainbow have seen a 93.75% increase in median value, while Units have seen a 103.85% increase. As at 31 March 2026:
- The median value for Houses in Rainbow is $197,933 while the median value for Units is $402,848.
- Units have a median rent of $115.
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