Freehold corner terraced house at Countryside Road sold for $5.01 mil
The property had an opening price of $4.8 million, and also shortly after a bidding process contest from 3 individuals, the property was sold less than the hammer for $5.01 million ($1,381 psf), that was $160,000 over the overview rate of $4.85 million.
The house at Countryside Road that was merely marketed at auction lies within a five-minute drive of the upcoming Lentor Modern.
The house, done in 1999, rests 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 roof deck. The very first level features a living location with a 6m-high roof and also glass panels that supply ample natural light. The study room, kitchen, dining location and utility room are likewise on the very first floor. The reduced 2nd floor has 2 rooms with a common washroom. The master bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in wardrobe and also en collection restroom. Lastly, the third floor has another 2 bed rooms with a shared bathroom.
A three-storey corner terraced home at Countryside Road in the Lentor spot in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The building was a mortgagee sale, says Yvonne Lau, top executive of sales and also public auction at ERA, that handled the auction.
Based on caveats lodged, just one resale transaction occurred at The Countryside this season. In April, a terraced house on Countryside Road with an acreage of 1,844 sq ft changed hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, indicating the owner netted a profit of $1.08 million.
Attraction in the Lentor location has spiked given that the Federal government marketed 2 sites using the government land sales course in 2021 and early this year. The very first site at Lentor Central was sold to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated development with a mall linked right to the Lentor MRT Terminal (on the Thomson-East Coast Line).
The home will appeal to households with school-going children 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 is located in an estate ground development The Countryside, which Seletar Properties created in the late 1990s. It features 245 terraced and semi-detached residences, with land sizes ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue as well as Yio Chu Kang Road. Various other ground developments in the vicinity consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.