Freehold corner terraced house at Countryside Road sold for $5.01 mil
The residency at Countryside Road that was merely sold at auction rises within a five-minute ride of the upcoming Lentor Modern.
Interest in the Lentor community has spiked considering that the Federal government sold 2 sites by means of the government land sales programme in 2021 and early this year. The initial site at Lentor Central was offered to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a shopping mall linked right to the Lentor MRT Station (on the Thomson-East Coast Line).
The house lies in an estate landed development The Countryside, which Seletar Properties created in the past 1990s. It includes 245 terraced and semi-detached houses, with land sizes 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.
Based on cautions lodged, primarily one resale transaction happened at The Countryside this season. In April, a terraced residence on Countryside Road with an acreage of 1,844 sq ft altered hands for $3.23 million ($1,752 psf). It was acquired for $2.15 million ($1,166 psf) in April 2013, implying the proprietor netted an earnings of $1.08 million.
The residential property will attract family members with school-going little ones as it is near the Anderson Primary School, Mayflower Primary School and also CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Station is also within strolling distance.
A three-storey edge terraced home at Countryside Road in the Lentor place in District 26 was sold for $5.01 million ($1,427 psf) at an auction on Aug 26. The home was a mortgagee transaction, says Yvonne Lau, higher executive of sales and also auction at ERA, that handled the auction.
The house, finished in 1999, remains on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It features a roof deck. The very first floor offers a living area with a 6m-high roof and glass doors that supply enough all-natural light. The study area, kitchen, eating location as well as utility room are also on the initial floor. The lower 2nd floor has two bed rooms with a common washroom. The bedroom on the top 2nd storey has a 6m-high ceiling with a walk-in wardrobe as well as en collection bathroom. Finally, the 3rd flooring has an additional two bedrooms with a shared bathroom.
The estate had an initial rate of $4.8 million, and also after a bidding contest from three affairs, the estate was marketed less than the hammer for $5.01 million ($1,381 psf), that was $160,000 above the guide price of $4.85 million.