411/348 Water StreetFortitude Valley QLD 4006
Property Details for 411/348 Water St, Fortitude Valley
411/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 58m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in November 2022.
Last Listing description (December 2022)
Contact Judy Chu on 0401 620 672 to arrange an inspection today!
This apartment is designed for an inner city lifestyle, providing easy access to public transport (bus stops and Fortitude Valley train station), all within walking distance as well as a multitude of dining, and shopping options. Only 2kms from the CBD!
Boasting resort style amenities such as a lagoon swimming pool surrounded by tropical gardens, a gym and rooftop BBQ areas, residents simply love living in this complex.
Located on the 4th 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.
This modern one-bedroom apartment offers the below features:
- Spacious outdoor balcony with city view
- Modern kitchen featuring ample cupboard space for storage, including a built-in microwave, eletric cooktop, oven and dishwasher
- Large bedroom with vast built-in wardrobes for clothes and storage
- Generous bathroom with great lighting
- Air-conditioned throughout including ceiling fans
- Laundry space with clothes dryer included
- Tiled throughout in both the kitchen and living room areas
- Split air-conditioning system and ceiling fan in both the living room and bedrooms
The complex features:
- 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
Resident can obtain Brisbane City Council Resident Street Parking Permit, 12 months for $15.
Rental information - Good Investment income for the property investor!
This property is listed under the National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price is $248 per week and the lease is valid until 05/12/2022 or future lease renewal. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year. The new owner has no obligation to continue with NRAS.
Fortitude Valley is experiencing strong rental price growth with the potential to reach a $400~410 weekly rental price.
More information:
*Body Corp: $1,401.69 every 4 months approx (around $80.86 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 bus and train stations as well as 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
Property History for 411/348 Water St, Fortitude Valley, QLD 4006
- 21 Nov 2022Sold for $288,000
- 17 Oct 2022Listed for Sale $288,000
- 08 Mar 2018Listed for Rent - Price not available
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 8,305 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -43.32% decrease in median value, while Units have seen a 74.32% increase. As at 30 November 2025:
- The median value for Houses in Fortitude Valley is $752,329 while the median value for Units is $685,874.
- Houses have a median rent of $650 while Units have a median rent of $625.
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