1709/348 Water Street, Fortitude Valley, QLD 4006 | Property Value & History | OnTheHouse
OFF MARKET

1709/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 67m2
Land area: 67m2
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Property Details for 1709/348 Water St, Fortitude Valley

1709/348 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 67m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in May 2025.

Building Type
Unit
Year Built
2014
Floor Size
67m2
Land Size
67m2
Local Government
Brisbane
Lot/Plan
1709/SP118333

Last Listing description (May 2026)

Commanding phenomenal city views, this immaculate property is set within Central Village's renowned Cambridge Towers complex. Offering proximity to Brisbane's CBD and access to impressive facilities, this sensational residence invites you to enjoy inner-city living at its finest.

Showcasing an extraordinary vista that stretches out across Fortitude Valley to the iconic city skyline and Story Bridge beyond, the apartment features full-height glass and a fresh white colour palette. Tiled floors and monochromatic accents also come together to create an attractive setting.

Capturing plenty of natural light, a spacious open-plan living and dining area encompasses a study nook. A fantastic galley-style kitchen displays quality stainless-steel appliances, stone benchtops and ample cupboard storage, while a slew of popular restaurants and cafes are essentially right on your doorstep.

Experience the pinnacle of luxury living in this exquisite residence, perfectly positioned in the heart of Fortitude Valley. This stunning apartment combines convenience, comfort, and modern style, offering an unparalleled urban lifestyle.

The open-plan living area seamlessly connects the kitchen, dining, and lounge spaces, creating a versatile and inviting environment. Pull back the bi-fold windows in the lounge room and let the air flow through and enjoy the city and Storey Bridge views in all its wonder.

This view can also be seen from both well-appointed bedrooms, which have been designed for ultimate comfort, offering a serene escape. The master bedroom boasts an en-suite for added privacy and convenience. The addition of another separate bathroom ensures that each bedroom has a dedicated bathroom.

This apartment also has ceiling fans and air conditioning in both the living room and bedrooms, for added cooling in those hotter summer months. Additionally there is the benefit of a European-style laundry. The building itself is equipped with CCTV, intercoms in each apartment, on-site management for added security and secure parking for two cars!

Loved for its amenities, the complex offers the use of its swimming lagoons, plunge pools, al fresco entertaining areas, multiple BBQ areas and rooftop terrace. Additionally, over half of the 1.2-hectare site is devoted to greenspace.

Immerse yourself in the resort-style development, featuring a tropical beach with swaying palm trees, multiple pools, and waterfall features. Relax in cabanas, enjoy BBQ facilities, or stay active in the massive gym.

The heritage-listed rumpus room adjacent to the pool area includes cooking facilities, lounges, and a billiards table for endless entertainment. If you work from home, this is the perfect way to meet your clients and maintain a professional image.

Buyers will appreciate the unbeatable location, just moments away from the Brisbane Showgrounds, Tivoli live music venue, and Royal Brisbane and Womens Hospital. Fortitude Valley offers an eclectic mix of amazing restaurants, schools, buzzing cafes, lively nightlife, and cultural attractions, all within reach. With abundant public transport options, commuting is effortless. Close to the fashionable James Street, Howard Smith Wharves, King Street and Gasworks precincts, this incredible property is also minutes from the Fortitude Valley train station.

A number of city-bound bus stops and the soon-to-be-reimagined Victoria Park are nearby, as are scenic riverwalks and the Howard Smith Wharves Ferry Terminal.

Families and investors alike will also appreciate living a short distance from Saint Joseph's College, Brisbane Grammar School, Brisbane Girls' Grammar School and All Hallows' School.

Currently tenanted @ $640pw until May 2025 - estimated rental appraisal at renewal: $675 - $745 per week

Did we mention the newly announced Teneriffe Banks? The Teneriffe Banks is a $1.5 billion development planned for Brisbanes riverfront. Teneriffe Banks connects Skyring Terrace back to the Brisbane River via sprawling laneways, including Helen Lane, Wool Lane, and Brick Lane. With more than 200 apartments, a luxury hotel, floating restaurants, cafes, art, and wellness amenities, all surrounded by public green space, the development will be home to Brisbanes first Kimpton Hotel, which will feature a 200-plus-seat signature restaurant and bar, a spa with multiple treatment rooms, a fitness centre, large-scale multipurpose meeting and event spaces, as well as an open-air garden terrace complete with infinity pool and a rooftop bar. Imagine this on your doorstep!

Whether you're a professional, young family, or investor, this unit presents an exciting opportunity for those seeking a stylish and convenient lifestyle in Fortitude Valley. Don't miss out on the chance to experience the best of urban living.

Reach out now to arrange a private viewing, discuss pricing and offers.

**Disclaimer:**
We have, in preparing this advertisement, used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 1709/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$651,000
04 May 2025
Listed for Rent
$670/w
13 Nov 2025
  • 13 Nov 2025
    Listed for Rent $670 / week
  • 04 May 2025
    Sold for $651,000
  • 30 Aug 2024
    Listed for Sale Not Disclosed
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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 8,302 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 81 properties listed for sale, and 42 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 495 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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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.