1502/348 Water Street, Fortitude Valley, QLD 4006 | Property Value & History | OnTheHouse
OFF MARKET

1502/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 48m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Jun 2026
Low

High
Save

Property Details for 1502/348 Water St, Fortitude Valley

1502/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 48m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
2014
Floor Size
55m2
Land Size
48m2
Local Government
Brisbane
Lot/Plan
1502/SP118333

Last Listing description (May 2026)

Contact Judy Chu on 0401 620 672 to arrange an inspection today!

Open, modern layout, inner city lifestyle and location (less than 2km from the CBD) are yours to enjoy in this perfect home! The choice is all yours whether this stylish and well maintained apartment becomes your very own home or that quality investment you've been craving.

Located on the 15th floor of the "Cambridge Towers" building in Central Village with resort style amenities, Central Village is a development on the edge of Fortitude Valley and Spring Hill, and incorporates Cambridge and Oxford Towers with an on-site management office.

Rental information - Great Investment income for the property investor!
Current tenant lease until 12/04/2023. Fortitude Valley has strong rental growth with the potential to reach $430+ weekly rental income.

This stunning one-bedroom apartment offers the below features:
- Open plan combined living and dining area with ample natural lighting
- A modern kitchen featuring an elegant marble benchtop, and ample cupboard space for storage
- Kitchen includes a built-in microwave, electric cooktop, oven and dishwasher
- Additional study area with in-built desk
- Spacious bedroom with built-in wardrobes and view from level 15
- Large bathroom with great lighting
- Enclosed laundry area with a dryer included
- Tiled throughout in both the kitchen and living room areas

The complex features:
- A cosmopolitan lifestyle and convenience in a resort-style development
- Lagoon swimming pools with BBQ and seating facilities
- Pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Private rooftop area with city views at level 19 - Capturing views over Brisbane's CBD and you can enjoy Riverfire from the Story Bridge!
- Secure building with CCTV, intercom, resident-only access and on-site management

Residents can obtain a Brisbane City Council Resident Street Parking Permit, 12 months for $15.

More information:
*Total Area: 48sqm
*Body Corp: $1,334.45 every 4 months approx (around $76.98 per week)
*Council Rates: $450.2 p.q. approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex

Living is easy with public transport connections such as Fortitude Valley Train Station, King Street, and Bus Stops all within a 10-minute walk from your doorstep.

- 0m to the closest Caf, Supermarket, Swimming pool, Gym
- 80m to the bus stop
- 350m to Brisbane Exhibition Grounds
- 400m to King Street Dining Precinct
- 450m to Fortitude Valley Train Station and Woolworths
- 550m to Bank branch and Australia Post
- 650m to Fortitude Valley China Town
- 1km to Royal Brisbane and Women's Hospital (RBHW)
- Less than 2km to Brisbane CBD

*Please note images are indicative of the same style apartment on a different floor, a viewing of the specific apartment is recommended to confirm suitability.

Property History for 1502/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$305,000
05 Apr 2023
Listed for Rent
$550/w
11 Aug 2025
  • 02 May 2026
    Listed for Sale Sold
  • 05 May 2023
    Listed for Rent $550 / week
  • 05 Apr 2023
    Sold for $305,000
Sign in to see more transactions
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 8,298 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 23.93% increase in median value, while Units have seen a 87.34% increase. As at 31 May 2026:

  • The median value for Houses in Fortitude Valley is $2,179,009 while the median value for Units is $784,444.
  • Houses have a median rent of $705 while Units have a median rent of $660.
There are currently 62 properties listed for sale, and 32 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 512 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.