1603/348 Water Street, Fortitude Valley, QLD 4006 sold on 21 January 2025 | OnTheHouse
SOLD
Sold on 21 Jan 2025 for $425,000

1603/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 48m2
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Property Details for 1603/348 Water St, Fortitude Valley

1603/348 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 48m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 1 bedroom Unit sold in Fortitude Valley in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
48m2
Land Size
48m2
Local Government
Brisbane
Lot/Plan
1603/SP118333

Last Listing description (February 2025)

Discover the perfect blend of urban living and investment potential in this stunning one-bedroom, one-bathroom apartment located on the 16th floor of the popular Cambridge Tower. With its modern open-plan design and beautiful district views, this unit offers a lifestyle of comfort, privacy and convenience. <br><br>Located close enough to the valley but without the noise, this complex has often been chosen by shift workers, who need to sleep but still be close to the nearby Hospital.<br><br>Key Features:<br><br>One Spacious Bedroom: Perfect for singles or couples.<br><br>Modern Bathroom: Sleek and stylish.<br><br>Open-Plan Living with plenty of bench space and cupboards. Brand new dishwasher installed recently. <br><br>Breathtaking Views: Enjoy picturesque district views from the 16th floor.<br><br>Brand new curtains and block out blinds in the living room, plus stylish feature walls.<br><br>Complex Features: 3 Resort Pools, Gym, Multi Purpose Resident Lounge, Multiple BBQ areas and rooftop area on level 19 with views to Brisbane CBD.<br><br>Body Corporate: $1165per quarter ($89 pw)<br>Water: $200 per quarter<br>Rates: $480 per quarter<br>48m2 in total<br>Prime Location: Situated in the heart of Fortitude Valley, but tucked away in a peaceful street.<br><br>Investment Opportunity:<br><br>Currently leased at $500 per week.<br>Current similar units are leased at $520pw<br><br>Flexible month-to-month arrangement, offering versatility for homeowners or investors.<br><br>Inspection Details:<br><br>Open Home: This Saturday from 11.00am to 11.30am.<br><br>Buzz#: 11603 at Cambridge Tower.<br><br><br>"Please note: The images displayed represent the property when it was vacant. The property is currently leased, and these images are provided to respect the tenant's privacy."<br><br>Features include: Air conditioning,Intercom,In ground pool,Gym,Built in robes,Dishwasher

Property History for 1603/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$425,000
21 Jan 2025
Listed for Rent
$241/w
06 Nov 2020
  • 21 Jan 2025
    Sold for $425,000
  • 03 Jan 2025
    Listed for Sale UNDER OFFER!!
  • 14 Sep 2023
    Sold for $330,000
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About 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 -45.40% decrease in median value, while Units have seen a 71.90% increase. As at 31 October 2025:

  • The median value for Houses in Fortitude Valley is $755,125 while the median value for Units is $661,646.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 43 properties listed for sale, and 42 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 605 properties were sold in the past 12 months in Fortitude valley.

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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.