Freehold corner terraced house at Countryside Road sold for $5.01 mil
The estate will certainly interest family members with school-going little ones as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is likewise within strolling distance.
Based on caveats lodged, just one resale transaction occurred at The Countryside this season. In April, a terraced house on Countryside Road 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, meaning the owner netted a revenue of $1.08 million.
The house lies in a freehold landed project The Countryside, which Seletar Properties developed in the past 1990s. It presents 245 terraced as well as semi-detached houses, with area sizes ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and also Yio Chu Kang Road. Other ground property developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park as well as the 185-unit Lentor Villas.
A three-storey edge terraced residence at Countryside Roadway in the Lentor location 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, senior executive of sales and auction at ERA, that took care of the auction.
Interest in the Lentor area has actually spiked given that the Federal government marketed 2 sites through the government land sales course in 2021 and beginning this year. The very first location at Lentor Central was sold to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a shopping center linked directly to the Lentor MRT Station (on the Thomson-East Coast Line).
The residency at Countryside Road that was just reselled at auction is located within a five-minute drive of the upcoming Lentor Modern.
The home had a starting cost of $4.8 million, and shortly after a bidding process contest from three individuals, the house was marketed less than the hammer for $5.01 million ($1,381 psf), which was $160,000 over the overview cost of $4.85 million.
The house, finished in 1999, rests on an acreage of 3,519 sq ft as well as has a built-up area of 4,000 sq ft. It includes a roof covering deck. The first flooring features a living location with a 6m-high roof and glass panels that offer ample natural light. The study room, kitchen area, eating area as well as laundry room are also on the first flooring. The lower second storey has 2 rooms with a shared shower room. The master bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in wardrobe and also en collection shower room. Lastly, the third flooring has another two rooms with a common restroom.