5 Lake St, Rainbow is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1585m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 3 bedroom House sold in Rainbow in the last 12 months.
This charming solid family home presents with lovely street appeal featuring extensive L shaped veranda wrapping around the entrance of the home. Presenting 3 considerable sized bedrooms with 2 offering BIR's and the master having a split system. With spacious living areas, convenient amenities this property offers a comfortable lifestyle. Spacious lounge with split system heating and cooling and wood heater. The dining room is open plan to the kitchen and also offers split system heating and cooling and can also be utilised as a 2nd living room. The modernised functional kitchen is located in the heart of the home and features updated cabinetry and electric cooking. Adjoining the kitchen is the split level family bathroom with separate shower, bath and pedestal basin plus BIC's. Large laundry plus separate toilet. Outside highlights an extensive sized allotment being approximately 1535m ideal to build a large shed (STCA) or ample room for the kids to play plus outdoor entertaining or carport area.
Located in the peaceful town of Rainbow, this property offers a serene lifestyle, with its picturesque setting and friendly community, Rainbow is the perfect place to call home.
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 114.59% increase in median value, while Units have seen a 119.13% increase. As at 30 November 2025:
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