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Sold on 28 Jun 2024 for $385,000

601/348 Water Street
Fortitude Valley QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 601/348 Water St, Fortitude Valley

601/348 Water St, Fortitude Valley is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Apartment sold in Fortitude Valley in the last 12 months.

Building Type
Apartment
Local Government
Brisbane
Lot/Plan
601/SP118333

Last Listing description (June 2024)

This modern one bedroom apartment consists of a bright, open plan layout, featuring a spacious bedroom and a balcony space to entertain family and friends. This apartment is a must to inspect and a place to call home.

The property boasts a prime location and effortless access to an array of lifestyle options and public transportation (numerous bus stops and an easy walk to the Fortitude Valley train station). It's within walking distance to a multitude of dining and shopping options, and only 2kms from the CBD.

The vibrant 'Central Village' complex places you in the heart of Brisbane's lifestyle district with an on-site management office to make your living experience stress free. Central Village provides resort style amenities such as a lagoon swimming pool surrounded by tropical gardens, a gym, rooftop BBQ areas, and a common area with a full-sized pool table. Residents simply love living in this complex!

Located on level 6 of the "Cambridge Towers" building, this one-bedroom apartment offers the features below and more:
- Modern open plan living area and dining layout
- Kitchen designed with ample cupboard space, and includes a microwave, electric cooktop, oven and dishwasher.
- Spacious bedroom with large built-in wardrobes for storage
- Great sized balcony area to entertain
- Large sized and well-lit bathroom, plus separate laundry space with clothes dryer included
- Air-conditioning throughout as well as ceiling fans in both the living room and bedroom
- Modern, white, tiled finish throughout

The complex features:
- Lifestyle and convenience in a resort-style development
- Large swimming pools with BBQ and seating facilities
- Private rooftop area with city views at level 19 - Capturing views over Brisbane's CBD
- A pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Secure building with CCTV, intercom and resident-only access and on-site management

More information:
*Total Area: 59sqm (Internal 50sqm, balcony 9sqm)
*Body Corp: $1,570.48 every 4 months approx (around $4711.44 per year/ $90.60 per week)
*Council Rates: $480.95p.q. approx
*Current tenant lease to 27/08/2024
*New rental appraisal $500~$520 per week
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex
* The resident can obtain Brisbane City Council Resident Street Parking Permit

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.

Living is easy with public transport connections such as Fortitude Valley Train Station, King Street, and Bus Stops all within a 10-minute walk from your doorstep.

- 0m to the closest Cafe, 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

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.

Property History for 601/348 Water St, Fortitude Valley, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$385,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $385,000
  • 03 Jun 2024
    Listed for Sale Property Sold
  • 15 Jan 2013
    Sold for $367,500

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About 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.
There are currently 95 properties listed for sale, and 57 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 692 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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Contact agent
Judy Chu
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Australian Property Alliance Management
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.