401/348 Water St

Off Market

401/348 Water St

Fortitude Valley QLD 4006

71 m²

Apartment

Last sold for $495,000

Donovan Obi, last sold this property on 08 October 2026 after 36 days on market.

Overview

Valley Living with Everything at Your Doorstep!

Offering an effortless blend of modern comfort, convenience and lifestyle appeal, this well-positioned one-bedroom apartment presents an excellent opportunity for first-home buyers, professionals and investors alike. Designed for easy living, the residence provides a low-maintenance retreat in one of Brisbane's most vibrant inner-city precincts. Inside, the apartment offers a well-proportioned open-plan living and dining area that connects seamlessly with the contemporary kitchen, creating a comfortable and functional space for everyday living and entertaining. The generous bedroom is fitted with built-in storage and is complemented by a modern bathroom, completing this practical and low-maintenance residence. Perfectly positioned to embrace everything Fortitude Valley has to offer, residents are surrounded by an exceptional choice of cafes, restaurants, bars, boutiques and entertainment venues. The Brisbane Showgrounds, James Street, Howard Smith Wharves and New Farm are all within easy reach, while the CBD is just minutes away, making this an ideal base for enjoying Brisbane's inner-city lifestyle. Whether you're looking for a smart investment, a convenient city base or a stylish home close to everything, this apartment delivers an outstanding combination of location, lifestyle and low-maintenance living. With excellent connectivity and an abundance of amenities at your doorstep, this is an opportunity not to be missed. Financials - Rates: $500 per quarter - Water: $200 per quarter + usage - Body Corporate Levy: $1,350 per quarter (approx.) - Rental Appraisal: $575 - $625 per week Please note: Some images have been virtually staged for illustrative purposes only. Furniture, décor, and styling shown may not reflect the current presentation of the property. Buyers are encouraged to inspect the property in person to verify its features and condition.

Features

1 bedroom

1 bathroom

71 m² floor area

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 401/348 Water St is $641.5k.

Median value

$641.5k

Estimated value range

$295k - $775k

Median days on market

Estimated value trend

34%

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 401/348 Water St

2026

Sold

$495,000

Private Sale/Treaty on 08 Oct 2026 by Donovan Obi, of Ray White West End

Happy sellers in Fortitude Valley

84%

84% 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 104 reviews in Fortitude Valley over the last 12 months.

Local market activity for 1 bedroom apartments in Fortitude Valley

In the last 12 months, 139 one-bedroom apartments similar to 401/348 Water St, have been sold.

This represents a 37% 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

(317 reviews)

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Michael Kafantaris

at Place Estate Agents - New Farm

(201 reviews)

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Judy Chu

at Invech Corporation Pty Ltd

(84 reviews)

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Muket Abreha

at Junction Estate Agents

(22 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Fortitude Valley

Andrew Tran

Sellers who recommend Andrew Tran have praised them for being clear communication, responsive, local expert, supportive, friendly, well-prepared and stress-free process