1001/348 Water StreetFortitude Valley QLD 4006
Property Details for 1001/348 Water St, Fortitude Valley
1001/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit and was built in 2015. The property has a land size of 60m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (January 2023)
Contact Judy Chu on 0401 620 672 to arrange an inspection today!
This modern one-bedroom, one bathroom apartment with a spacious balcony will impress you from the first inspection with its convenient resort-style living.
Given the prime location to an array of lifestyle options and easy access to public transport (bus stops and Fortitude Valley train station), all within walking distance to a multitude of dining, shopping options, only 2kms from the CBD!
Located on the 10th floor of the "Cambridge Towers" building in Central Village - 348 Water Street, Fortitude Valley. Central Village is a development on the edge of Fortitude Valley and Spring Hill, and incorporates Cambridge and Oxford Towers with an on-site management office.
This stylish one-bedroom apartment offers the following:
-Open living room area with ample nature light
-Great kitchen featuring dishwasher, microwave, oven and many cupboards storage
-Large bedroom with vast built-in wardrobes for clothes and storage
- Air-conditioned throughout including ceiling fans
- Spacious balcony with view to see Brisbane Showgrounds (9sqm)
- Generous bathroom with great lighting
- Separate laundry space with clothes dryer included
- Modern white finish throughout with tiling in living room area
- Split air-conditioning system and ceiling fan in both the living room and bedroom
The complex features:
- Lifestyle and convenience in a resort-style development
- Lagoon swimming pools with BBQ and seating facilities
- Pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Private rooftop area with city views at level 19 - Capturing views over Brisbane's CBD and you can enjoy Riverfire from the Story Bridge!
- Secure building with CCTV, intercom, resident-only access and on-site management
Resident can obtain Brisbane City Council Resident Street Parking Permit, 12 months for $15.
Rental information - Good Investment income for the property investor!
This property is listed under the National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price is $248 per week and the lease is valid until 16/01/2023 or future lease renewal. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year. The new owner has no obligation to continue with NRAS.
Fortitude Valley is experiencing strong rental price growth with the potential to reach a $400~410 weekly rental price.
More information:
*Total Area 59sqm
*Body Corp: $1,405.27 every 4 months approx (around $80.07 per week)
*Council Rates: $450.2 p.q. approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex
Living is easy with public transport connections such as Fortitude Valley Train Station, King Street bus and train stations as well as Bus Stops all within a 10-minute walk from your doorstep.
- 0m to the closest Caf, Supermarket, Swimming pool, Gym
- 80m to the bus stop
- 350m to Brisbane Exhibition Grounds
- 400m to King Street Dining Precinct
- 450m to Fortitude Valley Train Station and Woolworths
- 550m to Bank branch and Australia Post
- 650m to Fortitude Valley China Town
- 1km to Royal Brisbane and Women's Hospital (RBHW)
- Less than 2km to Brisbane CBD
*Please note images are indicative of the same style apartment on a different floor, a viewing of the specific apartment is recommended to confirm suitability.
Property History for 1001/348 Water St, Fortitude Valley, QLD 4006
- 01 Dec 2022Sold for $305,000
- 20 Oct 2022Listed for Sale Under Contract
- 19 Feb 2020Listed for Rent $245 / week
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0About Fortitude Valley 4006
The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2011 was 5,615 people. By 2016 the population was 6,976 showing a population growth of 24.2% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation. In 2011, 27.3% of the homes in Fortitude Valley were owner-occupied compared with 21% in 2016.
Fortitude Valley has 8,125 properties. Over the last 5 years, Houses in Fortitude Valley have seen a 13.04% increase in median value, while Units have seen a 47.76% increase. As at 31 October 2024:
- The median value for Houses in Fortitude Valley is $1,224,170 while the median value for Units is $564,483.
- Houses have a median rent of $600 while Units have a median rent of $600.
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