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1-7/2 Sanders Street, Rainbow$480,000
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1-7/2 Sanders Street

Rainbow, VIC 3424, Australia
$480,000
4 bed 7 bath2714 m²

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About this property

Don't be scared off by the recent Federal budget changes, here is a great opportunity to investvest into a block of 7 Units. In the last financial year these units returned $49,444.24 gross and they are a mixture of 1 bedroom units and bed sits. The huge site also lends itself to further development subject to Hindmarsh Shire approvals. Each unit is individually rated at $949.10pa. This is a golden opportunity to had to your property portfolio. More photos and details will be available week ending 18/7/2026

Property Details

Property Type
land
Listing Type
For Sale
Bedrooms
4
Bathrooms
7
Land Area
2714 m²
Listed
2 days ago

Repayment calculator

$2,327/month
$1,164 /fortnight
Loan $384,000 at 6.10% over 30 years

Upfront costs

Deposit$96,000
Stamp duty$23,870
Conveyancing (est.)$2,000
Total upfront$121,870
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Rainbow

This 4-bedroom land in Rainbow, VIC 3424 sits within reach of local shops and nearby schools. It is listed 591% above the $69,500 median of 7 comparable landswithin 5 km.

Schools near Rainbow

  • Rainbow P-12 Collegecombined · Prep-12 · CoEd

What's nearby

  • Rainbow Meats637 m away
  • Gregson Park324 m away
  • Unnamed839 m away
  • Unnamed1.4 km away

Rainbow at a glance

Full suburb profile
Population
672
Median age
56
Household income
$1,048/wk
Median rent
$100/wk
Median mortgage
$500/mo

Source: ABS Census.

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Price history

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