1301/348 Water StreetFortitude Valley QLD 4006
Property Details for 1301/348 Water St, Fortitude Valley
1301/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Unit and was built in 2014. The property has a land size of 60m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (November 2022)
Whether you choose to keep this unit for yourself or capitalize on the prime location and offer it for rent, you're sure to fall head over heels for this impressive property.
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 13th 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:
Modern white finish throughout with tiling
1 large bedroom1 with built-in wardrobes
Air-conditioned throughout including ceiling fans
Open plan kitchen with stone benchtop, ample cupboard space
Spacious balcony with view to see Brisbane Showgrounds
Dishwasher and microwave included
Laundry space with clothes dryer included
The complex features:
Lifestyle and convenience in a resort-style development
Large 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 - Captures views over Brisbane's CBD and you can enjoy river fire from Story Bridge!
Secure building with CCTV, intercom and resident-only access, on-site management
(Terms and Conditions apply)
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 under National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price at $255 per week and the lease is until 03/08/2022. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year.
No obligation to continue with NRAS.
Market rent of approx. $350~360 per week.
More information:
*Total Area 59sqm (including balcony 9sqm)
*Body Corp: $1,200 every 4 months approx
*Council Rates: $415.95 p.q. approx
*Urban Utilities: $280 p.q approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments over 19 Floors
*Pets friendly complex
Property History for 1301/348 Water St, Fortitude Valley, QLD 4006
- 28 Apr 2022Sold for $280,000
- 05 Jan 2022Listed for Sale Under Contract
- 05 Jul 2019Listed for Rent - Price not available
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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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