Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house had an initial cost of $4.8 million, as well as after a bidding process contest from 3 affairs, the building was marketed less than the hammer for $5.01 million ($1,381 psf), which was $160,000 over the guide price of $4.85 million.
A three-storey edge terraced house at Countryside Roadway in the Lentor place in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The estate was a mortgagee sale, claims Yvonne Lau, senior supervisor of sales and public auction at ERA, who took care of the auction.
Interest in the Lentor vicinity has actually increased given that the Government offered 2 sites using the public land sales program in 2021 and early this year. The very first site at Lentor Central was offered to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated building with a shopping center linked right to the Lentor MRT Station (on the Thomson-East Coast Line).
The house lies in a freehold ground property The Countryside, which Seletar Properties established in the past 1990s. It presents 245 terraced and semi-detached houses, 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 landed projects around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.
The house at Countryside Road that was simply reselled at auction is located within a five-minute trip of the upcoming Lentor Modern.
The property will interest households with school-going young people 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.
Based on warnings lodged, just one resale deal happened at The Countryside this year. In April, a terraced house on Countryside Street 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, implying the property owner realized a revenue of $1.08 million.
The house, done in 1999, remains on a land area of 3,519 sq ft as well as has a built-up area of 4,000 sq ft. It features a roofing terrace. The first floor includes a living location with a 6m-high roof and also glass panels that provide sufficient all-natural light. The research study area, cooking area, eating area as well as utility room are likewise on the first floor. The lower second floor has two bedrooms with a shared restroom. The master bedroom on the top 2nd floor has a 6m-high roof with a walk-in wardrobe as well as en collection shower room. Finally, the 3rd flooring has one more two bed rooms with a common bathroom.