38-40 Railway Street, Rainbow, Vic 3424

$399,000

House
Type
3
Bedrooms
1
Bathrooms
1,750 mΒ²
Area

Published on Tuesday, August 11, 2026 ( See property details for 38-40 Railway Street, Rainbow, Vic 3424)

$399,000

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

A spacious and modern 3-bedroom home on a large 1,750 sqm block in Rainbow, with outdoor entertaining areas and potential for further land expansion.

🏑 Property Highlights

  • Spacious 3-bedroom home with large bedrooms and built-in robes
  • Bright open-plan kitchen and meals area with modern appliances
  • Fully fenced rear yard ideal for outdoor activities
  • Undercover decked verandas at front and rear for sunlit relaxation
  • Generous 1,750 sqm block with good access to the backyard
  • Potential for additional land with rear lane access

✨ Key Features

  • Built-in Robes
  • Ceiling Fans
  • Open-Plan Living
  • Dishwasher
  • Outdoor Area
  • Fully Fenced
  • Decked Verandas
  • Electric Oven and Cooktop
  • Double Sink
  • Water Tank
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38-40 Railway Street
Rainbow, VIC 3424
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Vertical aerial view β€” 38-40 Railway Street
38-40 Railway Street — Vertical Aerial  •  Rainbow, VIC 3424  •  Nearmap © 2026

Rainbow is a charming rural town offering a peaceful lifestyle with spacious properties, friendly community, and easy access to outdoor recreation. It boasts good local amenities, scenic surroundings, and a relaxed atmosphere perfect for families and retirees alike. The area is ideal for those seeking a semi-rural environment with modern conveniences nearby.

What is the condition of the property and are there any recent renovations?
The property is well-maintained with modern features, including a bright open-plan kitchen and spacious bedrooms, and has been kept in excellent condition.
Is the property suitable for families or retirees?
Yes, the spacious bedrooms, outdoor verandas, and fully fenced yard make it ideal for families, retirees, or anyone seeking a peaceful rural lifestyle.
What are the nearby amenities and services in Rainbow?
Rainbow offers essential amenities including local shops, schools, and recreational facilities, all within a short drive, providing convenience for residents.
Can the existing tenants stay on if I purchase the property?
Currently on a periodic rental agreement at $350 per week, the tenants are happy to stay, offering an immediate rental income.
What are the zoning and planning restrictions for the additional land?
The rear block of approximately 1000 sqm with lane access is for sale by negotiation; potential buyers should consult local council for zoning and planning details.
Are there any known issues with the property's foundation, roof, or plumbing? Are there any easements, covenants, or zoning restrictions affecting the property or the additional land? Is there any history of flooding or bushfire risk in this area? Are there any planned developments or construction projects nearby that could impact the property? What are the council rates and any additional costs associated with the property and the extra land?

38-40 Railway Street, Rainbow, Vic 3424 - More Details

$399,000

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.
The kitchen features electric oven and cooktop, double sink and a dishwasher.

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.
Type
House
Bedrooms
3
Bathrooms
1
Area
1,750 mΒ²

Price guide

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