Freehold corner terraced house at Countryside Road sold for $5.01 mil
The house lies in an estate landed development The Countryside, which Seletar Properties started in the late 1990s. It includes 245 terraced and also semi-detached residences, with land sizes extending 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 landed projects around include the 64-unit Banyan Villas, the 87-unit Florissa Park and also the 185-unit Lentor Villas.
The residential property will interest households with school-going kids as it is nearby the Anderson Primary School, Mayflower Primary School as well as CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is as well within walking range.
The property had an opening rate of $4.8 million, and also after a bidding process contest from 3 affairs, the residential property was reselled under the hammer for $5.01 million ($1,381 psf), which was $160,000 over the guide fee of $4.85 million.
The house at Countryside Road that was solely sold at auction is located in a five-minute drive of the upcoming Lentor Modern.
Interest in the Lentor location has spiked given that the State sold 2 sites using the public land sales programme in 2021 as well as 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 development with a mall connected straight to the Lentor MRT Station (on the Thomson-East Coast Line).
Based on cautions lodged, only one resale deal happened at The Countryside this year. In April, a terraced house on Countryside Road with a land area of 1,844 sq ft altered hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, implying the owner netted a profit of $1.08 million.
A three-storey corner terraced house at Countryside Road in the Lentor local area in Neighborhood 26 was sold for $5.01 million ($1,427 psf) at an auction on Aug 26. The residential property was a mortgagee sale, claims Yvonne Lau, top supervisor of sales as well as public auction at ERA, who handled the auction sale.
The residence, completed in 1999, sits on an acreage of 3,519 sq ft and also has a built-up area of 4,000 sq ft. It features a roofing system porch. The very first floor presents a living location with a 6m-high roof and also glass panels that give sufficient natural light. The study room, kitchen area, dining area as well as laundry room are also on the initial floor. The lower 2nd storey has two bed rooms with a shared washroom. The master bedroom on the top second storey has a 6m-high ceiling with a walk-in closet and also en collection shower room. Ultimately, the third floor has one more two bedrooms with a common restroom.
