348 Water St, Fortitude Valley, QLD, 4006 - Apartment Sold on 09 03 2026

SoldMar 9, 2026

348 Water St, Fortitude Valley, QLD, 4006

$620,000

Apartment

•

6 days on the market

Sold: Mar 9, 2026

What's around 348 Water St

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.