Freehold corner terraced house at Countryside Road sold for $5.01 mil
The building will certainly interest family members 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 additionally within strolling distance.
A three-storey edge terraced house at Countryside Road in the Lentor spot in District 26 was sold for $5.01 million ($1,427 psf) at a public auction on Aug 26. The building was a mortgagee purchase, states Yvonne Lau, leading executive of sales and also auction at ERA, who handled the auction.
The house, finished in 1999, rests on a land area of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It features a roof terrace. The first floor provides a living area with a 6m-high ceiling and also glass doors that offer enough all-natural light. The research study room, cooking area, dining area and utility room are additionally on the first flooring. The lower 2nd floor has 2 rooms with a common washroom. The master bedroom on the top 2nd floor has a 6m-high ceiling with a walk-in closet as well as en collection restroom. Ultimately, the third floor has one more 2 bed rooms with a common washroom.
Based on warnings lodged, only one resale purchase occurred at The Countryside this 2022. In April, a terraced home on Countryside Street with an acreage of 1,844 sq ft transformed hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, implying the homeowner earned a revenue of $1.08 million.
The house is located in a freehold ground property The Countryside, which Seletar Properties developed in the past 1990s. It features 245 terraced as well as semi-detached residences, with area 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 real estate property developments around include the 64-unit Banyan Villas, the 87-unit Florissa Park and also the 185-unit Lentor Villas.
The property had a starting cost of $4.8 million, and after a bidding process competition from three affairs, the house was marketed less than the hammer for $5.01 million ($1,381 psf), that was $160,000 beyond the overview cost of $4.85 million.
The residency at Countryside Road that was merely sold at public auction lies within a five-minute ride of the upcoming Lentor Modern.
Interest in the Lentor community has surged since the Government sold two sites using the government land sales program in 2021 as well as beginning this year. The first location at Lentor Central was offered to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a mall linked right to the Lentor MRT Terminal (on the Thomson-East Coast Line).