Freehold corner terraced house at Countryside Road sold for $5.01 mil
The property had an opening price of $4.8 million, and also after a bidding process competition from 3 affairs, the property was sold under the hammer for $5.01 million ($1,381 psf), that was $160,000 on top of the overview price of $4.85 million.
A three-storey corner terraced home at Countryside Road in the Lentor area in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The building was a mortgagee sale, states Yvonne Lau, top executive of sales and also auction at ERA, who managed the auction.
The residency at Countryside Road that was solely reselled at auction is located within a five-minute trip of the upcoming Lentor Modern.
The home will interest households 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 Station is also within walking distance.
The house, completed in 1999, remains on a land area of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It includes a roofing system terrace. The first level features a living area with a 6m-high ceiling and glass panels that offer adequate all-natural light. The research study room, cooking area, dining area as well as utility room are likewise on the first floor. The reduced second storey has 2 bed rooms with a shared washroom. The bedroom on the top 2nd floor has a 6m-high ceiling with a walk-in wardrobe and en suite restroom. Ultimately, the third flooring has an additional two bedrooms with a shared bathroom.
Based on caveats lodged, just one resale transaction happened at The Countryside this year. In April, a terraced residence on Countryside Road with a land area of 1,844 sq ft modified 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 a revenue of $1.08 million.
Interest in the Lentor area has actually surged since the Government offered 2 sites using the government land sales program in 2021 and also early this year. The very first site at Lentor Central was sold to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated property development with a shopping mall linked right to the Lentor MRT Terminal (on the Thomson-East Coast Line).
The house lies in an estate landed property The Countryside, which Seletar Properties developed in the past 1990s. It features 245 terraced as well as semi-detached residences, with land sizes ranging 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 consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.