1-7/2 Sanders Street, Rainbow, Vic 3424-Image

For Sale

1-7/2 Sanders Street, Rainbow, Vic 3424

$480,000

Block Of Units

Type

Bedrooms

Bathrooms

2,714 m²

Area

Published on Saturday, July 11, 2026 ( See property details for 1-7/2 Sanders Street, Rainbow, Vic 3424)

$480,000

View the agent price guide.

John Hadley - Real Estate Agent - Horsham Real Estate - Horsham

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile block of units on a large development-ready site, offering strong rental income and future growth potential in Rainbow, Vic.

🏡 Property Highlights

Investment opportunity with a gross annual return of $47,683.30
Large 2,714 m² block with development potential
Mixture of 1-bedroom units and bed sits
Currently generating steady rental income
Potential for further development subject to approvals
Located in the desirable Rainbow area

✨ Key Features

Built-in Robes
Open-Plan Living
Ensuite
Outdoor Area
Security Screens / Gates
Floorboards
Pet-Friendly
Fully fenced
Water tank
NBN / High-Speed Ready

Suburb and Property Insights of Rainbow, VIC 3424

Rainbow is a vibrant community offering a peaceful rural lifestyle with strong growth prospects. The area features excellent local amenities, scenic surroundings, and a welcoming atmosphere. Its strategic location provides easy access to regional centres, making it ideal for investors seeking long-term growth. The community is known for its friendly residents and active local events. With ongoing development opportunities, Rainbow presents a promising environment for property investment.

Frequently Asked Questions

What is the current rental income and potential for future growth?

The property currently generates a gross rental income of $47,683.30 annually, with potential for increased returns through further development or rent increases.

Are there any development restrictions or approvals needed?

Development potential is subject to Hindmarsh Shire approvals. It is recommended to consult with local council for specific zoning and development regulations.

What is the condition of the existing units?

Details on the condition of the units will be available upon further inspection, but they are currently functional and generating income.

Are there any known issues or defects with the property?

No known issues are reported; a thorough inspection is advised to assess the property's condition.

What are the zoning and planning restrictions for this site?

Zoning details can be obtained from Hindmarsh Shire Council, and any development plans should comply with local planning regulations.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses associated with the property? Has the property been subject to any recent renovations or repairs that require permits? Are there any easements, covenants, or zoning restrictions affecting the development potential? Is there any history of flooding, bushfire risk, or other environmental hazards on the site? Are there any planned infrastructure projects or nearby developments that could impact the property’s value or livability?

1-7/2 Sanders Street, Rainbow, Vic 3424 - More Details

$480,000

Type: Block Of Units
Bedrooms: 4
Bathrooms: 7
Area: 2,714 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

1-7/2 Sanders Street, Rainbow, Vic 3424 - Point Of Interest

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