Freehold corner terraced house at Countryside Road sold for $5.01 mil
The building will appeal to families with school-going young people 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 walking range.
The house at Countryside Road that was just marketed at public auction rises within a five-minute ride of the upcoming Lentor Modern.
A three-storey corner terraced residence at Countryside Road in the Lentor spot in District 26 was sold for $5.01 million ($1,427 psf) at an auction on Aug 26. The building was a mortgagee purchase, says Yvonne Lau, senior executive of sales as well as public auction at ERA, who handled the auction sale.
Based upon caveats lodged, just one resale purchase took place at The Countryside this 2022. In April, a terraced home on Countryside Road with a land area 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, suggesting the homeowner netted a profit of $1.08 million.
The estate had a starting cost of $4.8 million, and shortly after a bidding contest from three affairs, the house was sold less than the hammer for $5.01 million ($1,381 psf), which was $160,000 on top of the overview cost of $4.85 million.
The house is located in a freehold landed property The Countryside, which Seletar Properties created in the past 1990s. It features 245 terraced and semi-detached homes, with property sizes varying from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue as well as Yio Chu Kang Road. Other real estate property developments around consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
Attraction in the Lentor area has actually increased given that the Federal government marketed two sites via the government land sales program in 2021 as well as early this year. The initial location at Lentor Central was offered to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated building with a shopping mall linked right to the Lentor MRT Station (on the Thomson-East Coast Line).
The house, completed in 1999, sits on a land area of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It features a roofing system patio. The first flooring features a living location with a 6m-high roof and also glass doors that give ample natural light. The study area, kitchen, eating area and laundry room are also on the initial flooring. The lower 2nd floor has 2 bed rooms with a common shower room. The master bedroom on the top second floor has a 6m-high ceiling with a walk-in wardrobe as well as en suite bathroom. Finally, the 3rd flooring has another two bed rooms with a shared bathroom.