Freehold corner terraced house at Countryside Road sold for $5.01 mil
The residential property will certainly attract family members with school-going children as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Station is also within strolling distance.
Based upon caveats lodged, just one resale deal took place at The Countryside this 2022. In April, a terraced house on Countryside Street with an acreage of 1,844 sq ft improved hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, meaning the owner earned an earnings of $1.08 million.
The house, finished in 1999, rests on a land area of 3,519 sq ft as well as has a built-up area of 4,000 sq ft. It features a roof deck. The first floor features a living area with a 6m-high ceiling as well as glass panels that give adequate all-natural light. The research space, cooking area, eating location and utility room are additionally on the very first floor. The reduced second floor has two bedrooms with a shared bathroom. The bedroom on the top second floor has a 6m-high roof with a walk-in closet as well as en suite restroom. Finally, the third flooring has another two bed rooms with a common bathroom.
The house had an opening price of $4.8 million, as well as after a bidding competition from three parties, the home was sold less than the hammer for $5.01 million ($1,381 psf), which was $160,000 beyond the guide cost of $4.85 million.
The house is located in a freehold landed project The Countryside, which Seletar Properties established in the late 1990s. It provides 245 terraced and also semi-detached homes, with property sizes varying from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and Yio Chu Kang Road. Various other landed projects in the vicinity include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
The residency at Countryside Road that was merely reselled at public auction rises within a five-minute ride of the upcoming Lentor Modern.
Attraction in the Lentor location has actually surged given that the Federal government sold two sites through the government land sales programme in 2021 as well as early this year. The initial site at Lentor Central was marketed to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an integrated building with a shopping mall linked directly to the Lentor MRT Terminal (on the Thomson-East Coast Line).
A three-storey edge terraced home at Countryside Road in the Lentor place in District 26 was cost $5.01 million ($1,427 psf) at a public auction on Aug 26. The building was a mortgagee sale, says Yvonne Lau, higher executive of sales and also public auction at ERA, who managed the auction.