Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house is located in an estate landed property The Countryside, which Seletar Properties developed in the past 1990s. It features 245 terraced and also semi-detached houses, with land dimensions 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 landed projects in the vicinity consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and also the 185-unit Lentor Villas.
The building will interest families with school-going children as it is near the Anderson Primary School, Mayflower Primary School and also CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is likewise within strolling distance.
Based on warnings lodged, solely one resale purchase happened at The Countryside this 2022. In April, a terraced residence on Countryside Road 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 proprietor realized a revenue of $1.08 million.
A three-storey corner terraced residence at Countryside Roadway in the Lentor place in District 26 was cost $5.01 million ($1,427 psf) at an auction on Aug 26. The home was a mortgagee sale, says Yvonne Lau, higher manager of sales as well as public auction at ERA, who managed the auction sale.
The house at Countryside Road that was merely sold at auction is located within a five-minute drive of the upcoming Lentor Modern.
The building had an initial price of $4.8 million, as well as shortly after a bidding process competition from 3 individuals, the property was offered less than the hammer for $5.01 million ($1,381 psf), which was $160,000 on top of the guide cost of $4.85 million.
The house, completed in 1999, remains 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 patio. The first floor includes a living area with a 6m-high ceiling as well as glass doors that provide enough natural light. The study room, cooking area, eating location as well as utility room are also on the very first flooring. The reduced second floor has two rooms with a common washroom. The bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in wardrobe and also en collection washroom. Ultimately, the third flooring has one more 2 rooms with a common washroom.
Attraction in the Lentor vicinity has actually spiked given that the Federal government offered two sites via the government land sales program in 2021 and early this year. The initial site at Lentor Central was marketed to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a mall linked directly to the Lentor MRT Terminal (on the Thomson-East Coast Line).