705/348 Water Street, Fortitude Valley, QLD 4006 | Property Value & History | OnTheHouse
OFF MARKET

705/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 62m2
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Property Details for 705/348 Water St, Fortitude Valley

705/348 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 54m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
2014
Floor Size
54m2
Land Size
62m2
Local Government
Brisbane
Lot/Plan
705/SP118333

Last Listing description (December 2022)

If you're in the market for a high performing real estate asset, in one of Brisbane most up and coming markets - This could be for you.

705/348 Water Street will guarantee an impressive 6%+ annual return, on top of promising capital gains. Located within the popular Central Village complex, this functional north facing one-bedroom apartment offers any occupant a lifestyle of convenience and comfort. The premiere amenities include a 20m lap pool, roof top bbq area, grassed area, a 300sqm indoor gym and a 300sqm lounge/billiards room. Incredibly low body corporate fees ensure a profitable rental return.

Promising to capture the attention of investors, professionals and first-home buyers alike, the residence has been intelligently designed to highlight the extraordinary vista. Showcasing a modern aesthetic, the apartment includes:

- Banks of glass, luxurious tiled floors and a versatile neutral colour palette that will suit a variety of dcor styles
- Generous open-plan living and dining area commanding phenomenal views of the evolving Fortitude Valley skyline.
- Superb galley-style kitchen displaying quality appliances, a tiled splashback and ample cupboard storage
- Functional study nook perfect for those that work from home
- Sizeable master bedroom fitted with a built-in robe
- Stylish ensuite/main bathroom featuring floor-to-ceiling tiling, mirrored cabinetry and built in laundry facility
- An abundance of storage, split system air-conditioning and ceiling fans
- A generous balcony with a North facing aspect

This incredible property is also close to the Fortitude Valley train station and Gasworks Newstead. The popular Howard Smith Wharves, King Street, Eagle Street Pier and Teneriffe precincts are also nearby, as is a number of city-bound bus stops. The cherished New Farm Park and the soon-to-be-reimagined Victoria Park are also easily accessible from this address, while QUT's Gardens Point and Kelvin Grove campuses are only a stone's throw away.

Please get in touch today to discuss the property further. Alternatively, refer to the Open Home time below and come see what is on offer for yourself.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Property History for 705/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$315,000
25 Nov 2021
Listed for Rent
$273/w
27 Jun 2019
  • 25 Nov 2021
    Sold for $315,000
  • 09 Nov 2021
    Listed for Sale Inviting All Offers
  • 18 Jun 2019
    Listed for Rent - Price not available
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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 8,303 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 38 properties listed for sale, and 45 properties listed for rent in Fortitude valley on OnTheHouse. According to Cotality's data, 605 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.