Freehold corner terraced house at Countryside Road sold for $5.01 mil
The home had an initial price of $4.8 million, and shortly after a bidding process contest from 3 parties, the estate 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 residential property will certainly attract households 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.
The house is located in an estate ground development The Countryside, which Seletar Properties established in the late 1990s. It features 245 terraced and also semi-detached homes, with area sizes ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and Yio Chu Kang Road. Other ground projects around include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
Attraction in the Lentor community has surged considering that the Government offered 2 sites through the government land sales course 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 building with a shopping center linked directly to the Lentor MRT Station (on the Thomson-East Coast Line).
A three-storey edge terraced home at Countryside Road in the Lentor area in District 26 was sold for $5.01 million ($1,427 psf) at a public auction on Aug 26. The estate was a mortgagee purchase, states Yvonne Lau, senior executive of sales as well as public auction at ERA, who took care of the auction sale.
The house at Countryside Road that was solely marketed at public auction is located within a five-minute trip of the upcoming Lentor Modern.
The house, finished in 1999, remains on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It includes a roofing patio. The initial flooring offers a living location with a 6m-high roof as well as glass panels that provide enough all-natural light. The research study space, kitchen area, dining area as well as utility room are additionally on the very first floor. The reduced second storey has 2 bedrooms with a shared washroom. The master bedroom on the top second floor has a 6m-high ceiling with a walk-in wardrobe and en collection bathroom. Finally, the 3rd flooring has an additional 2 rooms with a common shower room.
Based on cautions lodged, solely one resale transaction happened at The Countryside this 2022. 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 acquired for $2.15 million ($1,166 psf) in April 2013, implying the homeowner earned a revenue of $1.08 million.
