505/348 Water Street, Fortitude Valley, QLD 4006 sold on 06 March 2025 | OnTheHouse
SOLD
Sold on 06 Mar 2025 for $500,000

505/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 56m2
Land area: 62m2
Sold By
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Prowealth Paddington
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Property Details for 505/348 Water St, Fortitude Valley

505/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 62m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 1 bedroom Unit sold in Fortitude Valley in the last 12 months.

Building Type
Unit
Year Built
2015
Floor Size
56m2
Land Size
62m2
Local Government
Brisbane
Lot/Plan
505/SP118333

Last Listing description (April 2025)

Looking for a cozy, convenient, and modern place to call your own? This stunning 1-bedroom, 1-bathroom unit with car space in Fortitude Valley is exactly what you've been searching for!

Nestled on a quiet street, this light-filled apartment offers everything you need for comfortable living. Stay cool year-round with air conditioning in both the living room and bedroom, ensuring a relaxing environment no matter the season.

Convenience is key with your own dedicated car park, making coming and going a breeze. When you're ready to unwind or stay active, take advantage of the complex's sparkling pool and fully-equipped gym?perfect for maintaining your lifestyle...

Property Details -
Vacant Possession ready to move in
Strata - $1,258 per quarter
Sinking Fund Balance - $1.321m
Rates - $506 per quarter
Rent Appraisal - $580 - 600 per week
All approx.

Complex Features -
Resort style swimming lagoons
BBQ areas
Plunge pools
Beach with glistening white sand
Breathtaking rooftop terrace on level 19 with lounge areas and BBQ's and panoramic city views
Gym and recreational room with pool table
Secure building with CCTV, intercom
Secure Undercover Parking for most Apartments
Large yoga lawn

With its unbeatable location, modern features, and fantastic amenities, this unit won't stay on the market for long. Don't miss your chance to make it yours?schedule a viewing today!

Property History for 505/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$500,000
06 Mar 2025
Listed for Rent
$460/w
17 Mar 2023
  • 06 Mar 2025
    Sold for $500,000
  • 25 Feb 2025
    Listed for Sale For Sale Now
  • 14 Mar 2023
    Listed for Rent $460 / week
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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 8,306 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.
There are currently 43 properties listed for sale, and 41 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 606 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.