Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house lies in a freehold landed property The Countryside, which Seletar Properties created in the late 1990s. It features 245 terraced and semi-detached residences, with area sizes varying from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and Yio Chu Kang Road. Various other real estate property developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
Attraction in the Lentor area has actually surged since the Government offered two sites by means of the public land sales program in 2021 as well as beginning this year. The very first location at Lentor Central was offered to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated building with a shopping center linked right to the Lentor MRT Station (on the Thomson-East Coast Line).
A three-storey edge terraced residence at Countryside Road in the Lentor place in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The residential property was a mortgagee purchase, says Yvonne Lau, senior executive of sales and also public auction at ERA, who took care of the auction.
The estate will certainly appeal to family members with school-going little ones as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Station is additionally within strolling distance.
The house, done in 1999, rests on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It comes with a roof covering porch. The initial level offers a living location with a 6m-high roof and also glass panels that supply enough all-natural light. The study room, kitchen, dining location as well as laundry room are also on the first flooring. The lower second floor has two rooms with a shared shower room. The bedroom on the top 2nd floor has a 6m-high roof with a walk-in wardrobe and en collection bathroom. Finally, the third floor has one more 2 bedrooms with a shared shower room.
The building had an initial cost of $4.8 million, and also shortly after a bidding process competition from three individuals, the house was sold under the hammer for $5.01 million ($1,381 psf), that was $160,000 above the guide cost of $4.85 million.
Based upon cautions lodged, primarily one resale transaction took place at The Countryside this 2022. In April, a terraced residence on Countryside Road with a land area of 1,844 sq ft modified hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, meaning the owner netted an earnings of $1.08 million.
The house at Countryside Road that was solely marketed at auction lies within a five-minute ride of the upcoming Lentor Modern.