405/338 Water Street, Fortitude Valley, QLD 4006 | Property Value & History | OnTheHouse
OFF MARKET

405/338 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 49m2
Land area: 62m2
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Property Details for 405/338 Water St, Fortitude Valley

405/338 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 62m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
Unit
Year Built
2014
Floor Size
49m2
Land Size
62m2
Local Government
Brisbane
Lot/Plan
405/SP184368

Last Listing description (November 2024)

**For Sale: Modern Urban Apartment in Fortitude Valley - Offers Above $399,000**

Welcome to your new sanctuary at 405/338 Water Street, Fortitude Valley! This stylish 1-bedroom, 1-bathroom apartment is perfect for those seeking a vibrant urban lifestyle without compromising on comfort and convenience.

**Property Highlights:**

- **Spacious Living:** Enjoy a generous 62 sqm of well-designed living space that maximizes both functionality and style. The open-plan layout seamlessly connects the living room, dining area, and kitchen, creating an inviting atmosphere for relaxation and entertaining.

- **Modern Kitchen:** The contemporary kitchen features sleek cabinetry and ample counter space, making it a joy to prepare meals. Whether you're hosting friends or enjoying a quiet dinner, this space is sure to impress.

- **Private Balcony:** Step out onto your private balcony and take in the stunning city views. It's the perfect spot to unwind with a morning coffee or enjoy a glass of wine while soaking up the urban vibe.

- **Stylish Bedroom:** The spacious bedroom is designed for comfort, complete with ample storage, fully air conditioning and natural light. It's your personal retreat after a long day in the bustling city.

- **Elegant Bathroom:** The modern bathroom features high-quality fixtures and finishes, providing a spa-like experience in the comfort of your home.

**Building Amenities:**
This high-rise apartment building offers a range of amenities that enhance your living experience, including a refreshing pool, landscaped gardens, and secure entry. Enjoy the convenience of city living with everything you need at your doorstep.

**Location:**
Nestled in the heart of Fortitude Valley, this apartment is surrounded by an array of dining, shopping, and entertainment options. Explore the vibrant nightlife, indulge in gourmet restaurants, or take a leisurely stroll along the nearby parks and waterways. With excellent public transport links, commuting to the CBD or beyond is a breeze.

**Don't Miss Out!**
This is a rare opportunity to secure a modern apartment in one of Brisbane's most sought-after locations. Whether you're a first-time buyer, a savvy investor, or looking to downsize, this property offers incredible value.

KEY FEATURES:
Prime location in fortitude valley.
Air-conditioning and ceiling fans throughout.
Contemporary Work from home desk/Study Desk.
Open plan living room and kitchen with built in study nook.
Fully equipped Kitchen and dishwasher ,microwave, and island benchtop.
Large bathroom.
Internal laundry area including a dryer.
Secure building with CCTV and onsite management.
Beach style lagoon and lap pool and a fully equipped gym.
Private rooftop area with BBQ facilities and panoramic city views.
Pavilion room with a snooker/pool table and comfortable sitting areas.
Large yoga lawn for relaxation and wellness activities.
Short walk to bus and train stations.
Proximity to Royal Brisbane Hospital,Shops,Parks,fortitude valley train station, fortitude valley mall,james street Mall.

**Contact Akash Dhillon 0432705130
For more information or to schedule a private viewing, please contact us. Make this urban oasis your new home and experience the best of Fortitude Valley living!

**Price Guide:** Offers Above $399,000
For Investment purposes
Current rent appraisal $500-$550
Body Corporate Rates approx $3970 per year.
Brisbane city council rates approx $450 per quarter.
current lease valid till 26/03/2025
Current rent. $504.00 Fortnightly
NRAS grant approx $12,000.00 per Year

*Note: This property under NRAS scheme tenure finishing in march next year (2024) and currently owner gets annually grant of approx $12,000.00 as part of incentives from state and federal gov. For new owner will have access to this grant the period of ownership of the property via pro rata.

Disclaimer:All information is provided in good faith and is accurate to the best of our knowledge, but Ray White acacia ridge takes no responsibility for any error or omission.Buyers are encouraged to conduct their own enquiries and should satisfy themselves as to all aspects of the property prior to making any purchasing decision.

Property History for 405/338 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$413,500
17 Oct 2024
  • 17 Oct 2024
    Sold for $413,500
  • 09 May 2024
    Listed for Sale Offers Over $410,000
  • 03 Jul 2014
    Sold for $390,000
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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 8,304 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 57 properties listed for sale, and 44 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 504 properties were sold in the past 12 months in Fortitude valley.

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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.