Carbon nanotubes (CNTs) – perhaps the most enticing class of nano-materials, can be added in small volume fractions to enhance the thermal properties of fluids when process intensification or even device miniaturization is required. This work reports on the results obtained when measuring viscosity, and thermal conductivity of homogenous CNTs – water based nanofluids. The influence of CNTs volume concentration on the nanofluid thermo-physical properties is studied and measurements are undertaken at different temperatures, ranging from 283.15 K to 333.15 K. The nanofluids have been prepared by adding different volume concentrations of treated CNTs to water. The latter has been then sonicated for one hour and the colloidal stability monitored via UV – vis spectrophotometer. The absorbance of the nanofluid was observed at 263 nm, and the average concentration of CNTs was maintained at 9.35 mg/l, even after 200 hours, over 97% when compared with the initial concentration. The viscosity was measured using a controlled stress rheometer, and the measurements were performed in the shear rate ranging from 0 to 600 sec-1. At the same shear rate and temperature, the viscosity was observed to rise with increasing CNTs volume concentration. In what concerns thermal conductivity, it was assessed with a KD2 pro thermal property tester from Decagon Devices and the results clearly show that thermal conductivity rises with CNTs volume fraction, reaching its maximum at 2.5%vol where it represents more than 100% enhancement when the comparison is established with the corresponding value for the base fluid, at the same temperature conditions (i.e. 283.15 – 303.15 K). Furthermore, at higher temperatures (i.e. 313.15 – 333.15 K), the latter, for up to 1%vol concentration represents a 70% enhancement in thermal conductivity.