38-40 Railway StreetRainbow VIC 3424
Property Details for 38-40 Railway St, Rainbow
38-40 Railway St, Rainbow is a 3 bedroom, 1 bathroom House and was built in 2011. The property has a land size of 1750m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in September 2026. There are other 3 bedroom House sold in Rainbow in the last 12 months.
Last Listing description (October 2026)
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.
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.
Property History for 38-40 Railway St, Rainbow, VIC 3424
- 16 Sep 2026Sold for $385,000
- 10 Aug 2026Listed for Sale $399,000
Recent sales nearby
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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 58.07% increase in median value, while Units have seen a 106.54% increase. As at 31 August 2026:
- The median value for Houses in Rainbow is $181,003 while the median value for Units is $495,458.
- Units have a median rent of $115.
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