Freehold corner terraced house at Countryside Road sold for $5.01 mil
A three-storey corner terraced house at Countryside Roadway in the Lentor place in District 26 was cost $5.01 million ($1,427 psf) at an auction on Aug 26. The property was a mortgagee transaction, states Yvonne Lau, higher supervisor of sales and also auction at ERA, who managed the auction.
The home had an initial cost of $4.8 million, and also shortly after a bidding process competition from three affairs, the estate was marketed less than the hammer for $5.01 million ($1,381 psf), that was $160,000 on top of the overview rate of $4.85 million.
The house at Countryside Road that was merely sold at public auction is located within a five-minute trip of the upcoming Lentor Modern.
Attraction in the Lentor location has spiked given that the Federal government offered 2 sites through the government land sales programme in 2021 and beginning 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 incorporated property development with a shopping mall connected right to the Lentor MRT Station (on the Thomson-East Coast Line).
The estate will certainly interest family members with school-going little ones 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 range.
The house is located in a freehold landed project The Countryside, which Seletar Properties established in the past 1990s. It provides 245 terraced and also semi-detached houses, with property dimensions varying 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 real estate projects in the vicinity include the 64-unit Banyan Villas, the 87-unit Florissa Park and also the 185-unit Lentor Villas.
The house, finished in 1999, rests on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It features a roof covering terrace. The first level offers a living location with a 6m-high ceiling and also glass doors that provide ample natural light. The study space, kitchen area, eating area and also utility room are also on the initial floor. The lower 2nd floor has two rooms with a common shower room. The bedroom on the upper second floor has a 6m-high ceiling with a walk-in closet as well as en collection shower room. Lastly, the third floor has another two bedrooms with a shared washroom.
Based upon cautions lodged, just one resale deal occurred at The Countryside this season. In April, a terraced house on Countryside Road with an acreage of 1,844 sq ft altered hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, suggesting the property owner earned a profit of $1.08 million.