58 Railway Street, Rainbow, VIC 3424 | Property Value & History | OnTheHouse
OFF MARKET

58 Railway Street
Rainbow VIC 3424

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Floor area: 114m2
Land area: 2530m2
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Property Details for 58 Railway St, Rainbow

58 Railway St, Rainbow is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 2530m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Floor Size
114m2
Land Size
2530m2
Local Government
Hindmarsh
Lot/Plan
1/TP108189

Last Listing description (November 2021)

This stunning Federation home projects major street appeal with its grand frontage and original intact features. Set on a massive 2535m2 approx. block, this property is located only a stone's throw from Rainbows Main Street. Behind the picket fence you'll find lovely established gardens and a traditional wrap around undercover veranda. Enter the home through double lead light doors, into the lengthy hallway which stretches from front to back door. You'll be amazed inside at the beautiful architectural features throughout the home including polished timber floorboards, 12ft ceilings, decorative cornice, ornate ceilings & bay windows. Space is no problem with all three bedrooms being large in size and accessible from the main hallway. The neat timber kitchenette has original features including working wood fire stove and lead light window, but has also been updated to include gas cook top and electric oven. Walk through to the formal dining area & living room spaces which both feature gas heating and original fire places. The home is serviced by the bathroom at the rear of home, with claw foot tub including shower overhead, vanity & toilet. Outside there's no shortage of room and plenty of extra features including a portable standalone unit, secondary toilet, craft or hobby room, large outside laundry and chook pen. The yard is accessible from the rear lane and there's plenty of shedding with 2x single garages/workshops one with a pit and a double carport with concrete floor. Properties like this are a rare find in today's market & inspection is a MUST to appreciate.

*Please note, both fireplaces have not been used for a lengthy amount of time and we cannot provide any guarantee if they are currently functional. Purchaser is required to do their own due diligence**

Property History for 58 Railway St, Rainbow, VIC 3424

A timeline of how this property has performed in the market
Last Sold
$241,000
29 Sep 2021
  • 21 Oct 2021
    Listed for Sale UNDER CONTRACT
  • 29 Sep 2021
    Sold for $241,000
  • 16 Mar 1993
    Sold for $65,000
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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.
There are currently 7 properties listed for sale, and no properties listed for rent in Rainbow on OnTheHouse. According to Cotality's data, 17 properties were sold in the past 12 months in Rainbow.

Suburb Insights for Rainbow 3424

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.