701/348 Water StreetFortitude Valley QLD 4006
Property Details for 701/348 Water St, Fortitude Valley
701/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 1 bedroom Apartment sold in Fortitude Valley in the last 12 months.
Last Listing description (March 2026)
Welcome to 348 Water Street - a spacious, intelligently designed one-bedroom residence offering light-filled living and true lock-and-leave convenience in one of Fortitude Valley's most connected pockets.
Positioned within Cambridge Towers, this apartment enjoys elevation, privacy and a leafy outlook - delivering calm above the energy of the city below.
Ideal for first home buyers wanting lifestyle without compromise, or investors seeking a low-maintenance asset with enduring rental appeal.
What We Love About This One-Bedroom
• Low body corporate fees for a building with extensive facilities
• Generous proportions rarely found in typical one-bedroom apartments
• Excellent layout with genuine separation between living and bedroom
• Spacious open-plan living and dining that feels open - not compressed
• Full-height sliding doors extending seamlessly to a covered balcony
• Outdoor space large enough for seating and entertaining
• Beautiful natural light with a calming green outlook
• Functional stone kitchen with strong storage and preparation space
• Oversized bedroom with built-ins and large window
• Air-conditioning and ceiling fans for year-round comfort
• Neutral, move-in ready presentation with scope to personalise
Where Am I Buying?
• Woolworths Metro and everyday essentials within easy walking distance
• Short stroll to James Street dining and boutique retail
• Moments to Howard Smith Wharves and the Riverwalk
• Close to Gasworks Plaza for additional shopping and restaurants
• Easy access to Fortitude Valley Train Station, including airport line
• Convenient access to RBWH and surrounding medical precinct
• Surrounded by major employment hubs across the CBD fringe
It's genuine walk-everywhere convenience - groceries, coffee, transport and lifestyle all within reach.
Why You'll Never Need to Leave the Building
Cambridge Towers delivers resort-style facilities that elevate everyday living:
• Lagoon-style swimming pool plus separate lap pool
• Fully equipped gymnasium
• Landscaped tropical gardens and shaded relaxation zones
• Yoga lawn for wellness and quiet downtime
• Residents' clubhouse with lounge and billiards
• Secure entry, CCTV and onsite management
Whether it's a morning workout, weekend pool time or relaxed evening unwind - everything is already here.
Why Invest Here?
• High-demand one-bedroom format with broad tenant and buyer appeal
• Entry-level price point supporting strong liquidity and resale flexibility
• Low body corporate fees supporting stronger net rental returns
• Lock-and-leave design ideal for professionals, hospital staff and executive tenants
• Resort-style amenities enhancing tenant appeal and helping minimise vacancy risk
• Well-maintained complex supporting long-term value preservation
• Dual appeal to both owner-occupiers seeking lifestyle and investors seeking yield
The fundamentals are simple - functionality, convenience and strong ongoing demand.
Property History for 701/348 Water St, Fortitude Valley, QLD 4006
- 09 Mar 2026Listed for Sale MUST BE SOLD THIS WEEK
- 09 Mar 2026Sold for $620,000
- 12 Jan 2023Listed for Sale Sold
Recent sales nearby
See more recent sales nearby/assets/perm/ihxjbc67oui6njxleojzliyjfi?signature=e9489a684ec1e645baeaa4c6a62f4943b1f6b42a78abfa3a96245f55e3be22a1){kind=logo}
0/assets/perm/l2cz3r6m7ei6xebhagp34drunu?signature=a4d112be340c68d52f182d52cf0649b716f2410e7619917eb2ded510a0314089){kind=logo}
0/assets/perm/7d4psd7zoqi6vgs2bh2rpnkup4?signature=4e4ea166ca7e0212dab5494f5bc6a1d0e6d4b043b64cd218301f8889f20772bd){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 8,299 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.
Suburb Insights for Fortitude Valley 4006
Market Insights
Fortitude Valley Trends for Houses
N/A
N/A
View TrendN/A
N/A
Fortitude Valley Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
