1506/348 Water StreetFortitude Valley QLD 4006
Property Details for 1506/348 Water St, Fortitude Valley
1506/348 Water St, Fortitude Valley is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 78m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (November 2022)
The beautiful open-plan design incorporates floor-to-ceiling glass windows maximizing fantastic Brisbane city views!
It locates in a a perfect location within few mins walking distance to the Fortitude Valley train station and only one stop to the Brisbane CBD. With cafes, restaurants, entertainment and transport all at your doorstep, which is also easily accessible by bus, bike or a leisurely walk.
Boasting resort style amenities such as lagoon swimming pool surrounded by the tropical gardens, gym and rooftop BBQ areas, residents simply love living in this complex.
Located on the 15th floor of the "Cambridge Towers" building in Central Village.
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.
This sensational property offers the below features:
- Amazing city views with open-plan living room and dining room area
- Modern design kitchen with ample cupboard space, dishwasher and microwave are included.
- A large master bedroom with walk-in wardrobes, ensuite and abundance of natural light, plus view!
- A spacious sized second bedroom with views and easy access to the bathroom
- Large balcony 9sqm area with open 360 degree view to enjoy
- Air-conditioning throughout as well as ceiling fans in both the living room and bedrooms
- Modern white finish throughout with tiling
- A secure undercover carpark space
- Separate laundry space with clothes dryer included
The complex features:
- Lifestyle and convenience in a resort-style development
- Rooftop facility with BBQ and dining tables
- Large swimming pools with BBQ and seating facilities
- A pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Secure building with CCTV, intercom and resident-only access, on-site management
Rental information - Great Investment income for the property investor!
This property is under National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price at $346 per week and the lease is until 07/03/2023.
Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year. No obligation to continue with NRAS.
Fortitude Valley is experiencing strong rental price growth with the potential to reach a $550+ weekly rental price.
More information:
*Total Area: 78sqm (Int: 69sqm; Balcony: 9sqm)
*Body Corp: $1,507.65 every 4 months approx (around $87 per week)
*Council Rates: $450.2 p.q. approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments over 19 Floors
*Pets friendly complex
Living is easy with public transport connections such as Fortitude Valley Train Station, King Street, and Bus Stops are 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
Property History for 1506/348 Water St, Fortitude Valley, QLD 4006
- 29 Sep 2022Sold for $450,000
- 26 May 2022Listed for Sale Under Contract - Waiting for the settlement
- 07 Jul 2015Listed for Sale Not Disclosed
Recent sales nearby
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0About Fortitude Valley 4006
The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of 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 8,307 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -48.08% decrease in median value, while Units have seen a 76.70% increase. As at 31 January 2026:
- The median value for Houses in Fortitude Valley is $776,939 while the median value for Units is $718,836.
- Houses have a median rent of $650 while Units have a median rent of $650.
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