Freehold corner terraced house at Countryside Road sold for $5.01 mil
The estate had an opening rate of $4.8 million, and also after a bidding contest from 3 individuals, the residential property was sold under the hammer for $5.01 million ($1,381 psf), that was $160,000 over the overview rate of $4.85 million.
The house, done in 1999, sits on an acreage of 3,519 sq ft and has a built-up area of 4,000 sq ft. It features a roof balcony. The very first floor features a living area with a 6m-high roof as well as glass doors that supply adequate all-natural light. The research space, kitchen, eating location and also laundry room are likewise on the initial flooring. The lower second floor has two bedrooms with a shared restroom. The master bedroom on the top 2nd storey has a 6m-high roof with a walk-in closet and en suite washroom. Ultimately, the third flooring has another two bed rooms with a common restroom.
A three-storey edge terraced residence at Countryside Road in the Lentor location in District 26 was sold for $5.01 million ($1,427 psf) at a public auction on Aug 26. The house was a mortgagee transaction, claims Yvonne Lau, leading supervisor of sales and also public auction at ERA, that took care of the auction sale.
The house lies in a freehold landed project The Countryside, which Seletar Properties developed in the past 1990s. It provides 245 terraced as well as 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. Other real estate projects around include the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.
Attraction in the Lentor community has spiked since the Government offered 2 sites using the government land sales program in 2021 and early this year. The very first location at Lentor Central was sold to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an integrated building with a shopping mall connected directly to the Lentor MRT Station (on the Thomson-East Coast Line).
The house at Countryside Road that was just reselled at auction rises within a five-minute trip of the upcoming Lentor Modern.
Based on cautions lodged, just one resale transaction took place at The Countryside this year. In April, a terraced home on Countryside Road with a land area of 1,844 sq ft altered hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, implying the proprietor realized a revenue of $1.08 million.
The estate will certainly attract families with school-going kids as it is near the Anderson Primary School, Mayflower Primary School as well as CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is likewise within walking distance.