348 Water St

Off Market

348 Water St

Fortitude Valley QLD 4006

Apartment

Last sold for $620,000

Sam Underwood, last sold this property on 08 March 2026 after 5 days on market.

Overview

Peaceful. Spacious. Close to Everything - Low Body Corp

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.

Features

1 bedroom

1 bathroom

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Fortitude Valley over the last 12 months, the estimated median property value of 348 Water St is $600k.

Median value

$600k

Estimated value range

$437.5k - $775k

Median days on market

Estimated value trend

30%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Fortitude Valley. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 348 Water St

2026

Sold

$620,000

08 Mar 2026 by Sam Underwood, of K & S Property Group

2022

Sold

$280,000

Private Sale/Treaty on 28 Apr 2022 by Judy Chu, of Australian Property Management Alliance - Mango Hill

2018

Rented

Undisclosed

Leased on 07 Mar 2018 by Tessa Residential

Happy sellers in Fortitude Valley

94%

94% of sellers in Fortitude Valley reported that their sale price either exceeded or met their price expectations.

Fortitude Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 109 reviews in Fortitude Valley over the last 12 months.

Local market activity for 1 bedroom apartments in Fortitude Valley

In the last 12 months, 152 one-bedroom apartments similar to 348 Water St, have been sold.

This represents a 48% increase in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Fortitude Valley for a free market appraisal.

Andrew Tran

at SPACE Property Paddington

(294 reviews)

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Michael Kafantaris

at Place Estate Agents - New Farm

(178 reviews)

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Judy Chu

at Australian Property Management Alliance - Mango Hill

(82 reviews)

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Jeremy Paikaew

at Junction Estate Agents

4.8

(45 reviews)

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Nearby agents

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Andrew Tran

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