509/348 Water Street, Fortitude Valley, QLD 4006 | Property Value & History | OnTheHouse
OFF MARKET

509/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
Land area: 58m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 24 Aug 2026
Low

High
Save

Property Details for 509/348 Water St, Fortitude Valley

509/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 58m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in November 2012.

Building Type
Unit
Year Built
2014
Floor Size
51m2
Land Size
58m2
Local Government
Brisbane
Lot/Plan
509/SP118333

Last Listing description (August 2026)

This beautifully presented one-bedroom apartment offers a generous living area with a spacious open-plan design, perfect for modern living.

The light-filled living space flows seamlessly onto a private balcony, where you can relax and enjoy stunning city views ideal for morning coffee or evening sunsets.
Designed for comfort and functionality, this apartment is ideal for first-home buyers, professionals, or investors seeking strong rental appeal.

A fantastic opportunity to secure a stylish home combining lifestyle, convenience, and impressive outlooks.

Property Features:
- Spacious and well-designed open-plan living and dining area
- Extra built-in study desk with integrated cabinetry
- Large balcony to enjoy city view
- Contemporary kitchen with quality appliances and ample storage
- Generous bedroom with built-in wardrobe
- Stylish bathroom with modern finishes
- Fresh white-tiled finishes enhancing the light and modern aesthetic
- Air-conditioning throughout, plus ceiling fans in both the bedroom and living area
- Separate internal laundry complete with clothes dryer
- Secure building with intercom access and lift

Residents of Central Village enjoy resort-style amenities including a lagoon-style swimming pool surrounded by tropical gardens, a fully equipped gym, rooftop BBQ areas, and a communal recreation space with a full-sized pool table. With on-site management providing added peace of mind, this is inner-city living at its finest.

More information:
*Total Area: 57sqm
*Body Corp: $1,757.7 every 4 months approx (around $5255.1 per year/ $101.06 per week)
*Council Rates: $550.8 p.q. approx
*Current rent is $530 per week to 09/09/2026
*New rental appraisal: $600$610 per week
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex
*The resident can obtain Brisbane City Council Resident Street Parking Permit

Perfectly positioned for effortless inner-city living, the residence enjoys exceptional connectivity with Fortitude Valley Train Station, James Street and King Street precinct, and multiple bus routes all within a comfortable 10-minute walk.

Approximate Distances
Immediate access to cafe, supermarket, swimming pool, and gym
80m to bus stop
350m to Brisbane Exhibition Grounds
400m to King Street dining and entertainment precinct
450m to Fortitude Valley Train Station and Woolworths
550m to bank branch and Australia Post
650m to Fortitude Valley Chinatown
1km to Royal Brisbane & Women's Hospital
Less than 2km to Brisbane CBD

Please be advised that the images provided showcase a similar style apartment on a different floor. We highly recommend scheduling a viewing of the specific apartment to confirm its suitability for your needs.

Disclaimer: The information contained in this website has been prepared by Invech Corporation Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.

Property History for 509/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$349,500
23 Nov 2012
Listed for Rent
$245/w
26 Nov 2020
  • 21 May 2026
    Listed for Sale Sale by Negotiation
  • 17 Nov 2020
    Listed for Rent $245 / week
  • 23 Nov 2012
    Sold for $349,500
Commute Calculator

About Fortitude Valley 4006

The size of Fortitude Valley is approximately 1.4 square kilometres. There are 2 parks, covering nearly 1.5% of the total area. The population of Fortitude Valley in 2016 was 6978 people. By 2021 the population was 9708 showing a population growth of 39.1% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation.In 2021, 17.60% of the homes in Fortitude Valley were owner-occupied compared with 21.00% in 2016.

Fortitude Valley has 8,303 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 16.36% increase in median value, while Units have seen a 80.42% increase. As at 31 July 2026:

  • The median value for Houses in Fortitude Valley is $2,087,707 while the median value for Units is $774,718.
  • Houses have a median rent of $650 while Units have a median rent of $680.
There are currently 79 properties listed for sale, and 42 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 478 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

Market Insights
Fortitude Valley Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Fortitude Valley Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.