Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house, completed in 1999, remains on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It comes with a roof covering deck. The first floor provides a living location with a 6m-high ceiling and also glass doors that supply adequate natural light. The research study room, kitchen, dining location and also laundry room are also on the very first flooring. The lower second storey has two rooms with a shared bathroom. The master bedroom on the upper second storey has a 6m-high ceiling with a walk-in wardrobe and en suite bathroom. Lastly, the 3rd flooring has one more two bedrooms with a common washroom.
A three-storey corner terraced house at Countryside Roadway in the Lentor place in District 26 was sold for $5.01 million ($1,427 psf) at a public auction on Aug 26. The building was a mortgagee sale, claims Yvonne Lau, higher manager of sales and public auction at ERA, who handled the auction.
Based upon cautions lodged, just one resale deal took place at The Countryside this 2022. In April, a terraced house on Countryside Street with a land area of 1,844 sq ft changed hands for $3.23 million ($1,752 psf). It was acquired for $2.15 million ($1,166 psf) in April 2013, suggesting the owner netted a revenue of $1.08 million.
The home had a starting cost of $4.8 million, and also after a bidding process contest from three affairs, the building was sold less than the hammer for $5.01 million ($1,381 psf), which was $160,000 over the overview rate of $4.85 million.
Interest in the Lentor community has increased since the Federal government offered two sites through the public land sales program in 2021 and also early this year. The very first site at Lentor Central was sold to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated development with a shopping mall connected directly to the Lentor MRT Terminal (on the Thomson-East Coast Line).
The house lies in an estate landed development The Countryside, which Seletar Properties developed in the past 1990s. It presents 245 terraced as well as semi-detached houses, with land dimensions ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and Yio Chu Kang Road. Other landed developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
The property will interest families 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 likewise within walking range.
The house at Countryside Road that was merely reselled at public auction rises within a five-minute ride of the upcoming Lentor Modern.