Back 607/348 Water Street
Off Market

607/348 Water Street

Fortitude Valley QLD 4006

2
2
1
0 m²
Apartment
Last sold for $636,000
John RohdeJohn Rohde, last sold this property on 22 May 2025 after 38 days on market.

Overview

City Views & Ready to Go

Inspection Information: For open homes and private inspections, meet at the front of 348 Water Street (Cambridge Towers). Apartment Features: 74m2 Level 6 of 18 Private balcony with city views Open dining and living area Master bedroom with walk-in-robe and ensuite Second bedroom with fitted wardrobe Internal laundry with dryer Air-conditioning Intercom Building Information: Cambridge Towers at 348 Water Street is within the Central Village precinct in Fortitude Valley, offering resort-style living just minutes from Brisbane’s CBD. The 18-level tower features 166 apartments, made up of studios, one and two-bedroom layouts. Residents enjoy access to impressive facilities, including a beach-style lagoon pool, plunge pools, rooftop terrace with BBQs and panoramic city views, a gym, and a shared recreational space. One of the precinct’s most unique features is the converted heritage mess hall, now home to communal amenities and adding character to the complex. Building Features (Cambridge Towers): Built in 2014 approx. 18 levels plus rooftop 166 apartments in tower (521 across whole complex) 2 lifts Rooftop terrace with BBQ area and panoramic city views Fully equipped gym Resort-style swimming lagoons Recreational room with pool table Large grassed lawn area Secure building with CCTV and intercom Onsite management Location: Fortitude Valley, Brisbane’s vibrant cultural and entertainment precinct, is a dynamic hub renowned for its eclectic mix of music, dining, and nightlife. As Australia’s first dedicated entertainment district, it features iconic landmarks such as the heritage-listed Chinatown Mall, the boutique shopping of James Street, and the vibrant Brunswick Street. Its close proximity to Brisbane’s CBD further enhances its appeal, especially with major infrastructure projects like the Cross River Rail, improving the city’s connectivity and accessibility. As the area continues to grow, developments like the Fortitude Valley Station precinct are boosting its attractiveness for both residents and investors, seamlessly blending historic charm with contemporary urban living. From Your Doorstep: 3 min walk to King Street 6 min walk to Brisbane Showgrounds 7 min walk to Woolworths Metro 7 min walk to Fortitude Valley Train Station 10 min walk to Fortitude Valley Music Hall 15 min walk to Victoria Park 18 min walk to Howard Smith Wharves 1 Train Stop to Brisbane Central Station 14 min drive to Brisbane Airport 1hr drive to Gold Coast School Zones: Brisbane Central State School (Prep to Year 6) - 10 min walk Fortitude Valley State Secondary College (Year 7 to Year 12) - 7 min walk Rental Appraisal: Currently vacant Long Term Letting: $680.00 - $720.00 per week Short Term Letting: $850 - $950 per week after management fees (AirBNB) Costs: Body Corporate - $1,361.10 per quarter approx. (Includes admin, sinking fund and building insurance) Council Rates - $508.00 per quarter approx. (Investment rate) Water Rates - $330.00 per quarter approx. Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, JJ Property will not be held liable (financially or otherwise) for any errors or omissions relating to the property, contents and/or facilities in the property or complex. All interested parties should rely upon their own investigations to determine whether the property is suitable for their needs and all contents and facilities are present.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
0 m² lot size
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 607/348 Water Street 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 607/348 Water Street

2025
Sold
$636,000
22 May 2025 by John Rohde, of JJ Property

Happy sellers in Fortitude Valley

95%
95% 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 110 reviews in Fortitude Valley over the last 12 months.

Local market activity for 2 bedroom apartments in Fortitude Valley

In the last 12 months, 174 two-bedroom apartments similar to 607/348 Water Street, have been sold.

This represents a 41% increase in two-bedroom apartments sales when compared to the previous 12 months.

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