Back 507/338 Water St
Off Market

507/338 Water St

Fortitude Valley QLD 4006

2
1
1
58 m²
Apartment
Last sold for $750,000
Judy ChuJudy Chu, last sold this property on 20 March 2026 after 17 days on market.

Overview

Modern 2 Bed Apartment Perfect for Living or Investing

Welcome to this move-in ready Level 5 two-bedroom apartment in Oxford Towers 338 Water Street, ideally positioned within the vibrant Central Village precinct. Offering a relaxed resort-style lifestyle, the light-filled open-plan living and dining area flows seamlessly to a private balcony, creating a peaceful inner-city retreat just 2km from the Brisbane CBD. Located on the edge of Fortitude Valley and Spring Hill, you'll enjoy walking distance to public transport, cafés, restaurants and shopping, all while coming home to a secure, resort-inspired sanctuary. Property Features: - Light-filled open-plan living and dining area - Modern kitchen with ample cupboard space, built-in microwave, electric cooktop, oven and dishwasher - Dedicated study nook with built-in desk - Two spacious bedrooms with built-in wardrobes - Generous, well-appointed bathroom - Private balcony perfect for relaxing - Enclosed laundry with dryer included -Tiled kitchen and living areas for easy maintenance - Split-system air conditioning and ceiling fans in living area and bedrooms - Secure undercover car space Residents of Central Village enjoy resort-style amenities including a lagoon-style swimming pool surrounded by tropical gardens, a fully equipped gym, rooftop BBQ areas, and a communal recreation space with a full-sized pool table. With on-site management providing added peace of mind, this is inner-city living at its finest. This is an exceptional opportunity to secure a stylish inner-city home or high-performing investment offering resort-style comfort, unbeatable convenience and immediate occupancy. More information: *Total Area: 66sqm *Body Corp: $2042.12 every 4 months approx (around $6126.36 per year/ $117.81 per week) *Council Rates: $550.8 p.q. approx *New rental appraisal from July 2026 $700~730 per week *The Building: Built in 2015 Oxford Towers has a total of 159 apartments spread over 19 Floors *Pet friendly complex Perfectly positioned for effortless inner-city living, the residence enjoys exceptional connectivity with Fortitude Valley Train Station, James Street and King Street precinct, and multiple bus routes all within a comfortable 10-minute walk. Approximate Distances Immediate access to cafe, supermarket, swimming pool, and gym 80m to bus stop 350m to Brisbane Exhibition Grounds 400m to King Street dining and entertainment precinct 450m to Fortitude Valley Train Station and Woolworths 550m to bank branch and Australia Post 650m to Fortitude Valley Chinatown 1km to Royal Brisbane & Women's Hospital Less than 2km to Brisbane CBD Disclaimer: The information contained in this website has been prepared by Invech Corporation Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.

Features

2 bedrooms
1 bathroom
1 carspace
58 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Fortitude Valley over the last 12 months, the estimated median property value of 507/338 Water St is $780k.

Median value
$780k
Estimated value range
$550k - $1.51m
Median days on market
21
Estimated value trend
19%
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 507/338 Water St

2026
Rented
Undisclosed
Leased on 20 Apr 2026 by Joy Realty
2026
Sold
$750,000
Private Sale/Treaty on 20 Mar 2026 by Judy Chu, of Australian Property Management Alliance - Mango Hill
2019
Rented
Undisclosed
Leased on 17 Mar 2019 by Joy Realty

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 2 bedroom apartments in Fortitude Valley

In the last 12 months, 173 two-bedroom apartments similar to 507/338 Water St, have been sold.

This represents a 40% increase in two-bedroom apartments sales when compared to the previous 12 months.

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