Freehold corner terraced house at Countryside Road sold for $5.01 mil
The home had an opening rate of $4.8 million, and shortly after a bidding process contest from 3 affairs, the residential property was marketed under the hammer for $5.01 million ($1,381 psf), that was $160,000 over the guide cost of $4.85 million.
A three-storey corner terraced house at Countryside Roadway in the Lentor place in District 26 was sold for $5.01 million ($1,427 psf) at an auction on Aug 26. The building was a mortgagee purchase, claims Yvonne Lau, senior supervisor of sales and also auction at ERA, that handled the auction.
The house is located in an estate ground property The Countryside, which Seletar Properties built in the late 1990s. It includes 245 terraced and also semi-detached residences, with property dimensions varying from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and also Yio Chu Kang Road. Various other ground developments around include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
The property will appeal to family members with school-going kids as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is additionally within walking range.
Based on caveats lodged, only one resale purchase occurred at The Countryside this year. In April, a terraced residence on Countryside Street with a land area of 1,844 sq ft altered hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, indicating the property owner realized a revenue of $1.08 million.
The house at Countryside Road that was solely sold at public auction lies within a five-minute trip of the upcoming Lentor Modern.
Attraction in the Lentor vicinity has actually spiked given that the Government marketed two sites by means of the public land sales course in 2021 and also early this year. The first location at Lentor Central was sold to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an integrated development with a shopping mall linked straight to the Lentor MRT Station (on the Thomson-East Coast Line).
The house, completed in 1999, sits on a land area of 3,519 sq ft and has a built-up area of 4,000 sq ft. It includes a roofing system porch. The initial flooring provides a living area with a 6m-high roof and glass panels that give sufficient all-natural light. The study space, cooking area, dining location and utility room are likewise on the very first flooring. The lower second floor has 2 bed rooms with a shared washroom. The bedroom on the top 2nd floor has a 6m-high roof with a walk-in wardrobe as well as en suite restroom. Finally, the 3rd flooring has one more 2 bedrooms with a common washroom.