Freehold corner terraced house at Countryside Road sold for $5.01 mil
The residency at Countryside Road that was just sold at auction rises within a five-minute ride of the upcoming Lentor Modern.
A three-storey edge terraced home at Countryside Road in the Lentor spot in District 26 was yielded $5.01 million ($1,427 psf) at a public auction on Aug 26. The building was a mortgagee transaction, states Yvonne Lau, leading manager of sales as well as public auction at ERA, who took care of the auction sale.
The building had a starting rate of $4.8 million, and also shortly after a bidding contest from 3 parties, the estate was sold less than the hammer for $5.01 million ($1,381 psf), that was $160,000 on top of the overview cost of $4.85 million.
Attraction in the Lentor area has surged since the Federal government offered 2 sites using the government land sales course in 2021 and also early this year. The initial site at Lentor Central was marketed to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a shopping mall connected right to the Lentor MRT Terminal (on the Thomson-East Coast Line).
The house, done in 1999, rests on an acreage of 3,519 sq ft and has a built-up area of 4,000 sq ft. It comes with a roof deck. The first flooring offers a living location with a 6m-high roof as well as glass doors that give ample all-natural light. The research room, cooking area, dining location and also utility room are additionally on the first floor. The reduced second floor has two bed rooms with a shared washroom. The master bedroom on the top 2nd storey has a 6m-high ceiling with a walk-in closet and en suite shower room. Lastly, the third flooring has one more two rooms with a common bathroom.
Based on warnings lodged, only one resale purchase took place at The Countryside this season. In April, a terraced home on Countryside Street with an acreage of 1,844 sq ft transformed hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, suggesting the homeowner earned a profit of $1.08 million.
The house is located in an estate landed property The Countryside, which Seletar Properties established in the late 1990s. It features 245 terraced and also semi-detached homes, with area 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 real estate property developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.
The estate will appeal to households with school-going kids as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is also within walking distance.