Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house is located in an estate landed development The Countryside, which Seletar Properties developed in the past 1990s. It presents 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. Other ground property developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.
The home had a starting cost of $4.8 million, and after a bidding competition from three parties, the property was marketed under the hammer for $5.01 million ($1,381 psf), that was $160,000 beyond the overview price of $4.85 million.
Interest in the Lentor location has increased since the Government offered 2 sites through the public land sales course in 2021 and also early this year. The very first location at Lentor Central was marketed to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated development with a mall connected straight to the Lentor MRT Station (on the Thomson-East Coast Line).
The residency at Countryside Road that was simply sold at auction rises within a five-minute ride of the upcoming Lentor Modern.
A three-storey corner terraced house at Countryside Roadway in the Lentor spot in District 26 was cost $5.01 million ($1,427 psf) at an auction on Aug 26. The house was a mortgagee transaction, claims Yvonne Lau, higher manager of sales and auction at ERA, that took care of the auction sale.
Based on caveats lodged, solely one resale purchase took place at The Countryside this season. In April, a terraced home on Countryside Road with an acreage of 1,844 sq ft changed hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, implying the homeowner realized a profit of $1.08 million.
The estate will appeal to households 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 walking distance.
The house, completed in 1999, remains on an acreage of 3,519 sq ft and has a built-up area of 4,000 sq ft. It comes with a roof balcony. The first flooring features a living area with a 6m-high ceiling and glass panels that supply adequate natural light. The research study room, kitchen area, eating area and also utility room are also on the initial floor. The reduced 2nd storey has 2 rooms with a shared shower room. The bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in closet and en suite shower room. Ultimately, the 3rd flooring has an additional two rooms with a common bathroom.