Freehold corner terraced house at Countryside Road sold for $5.01 mil
Based on cautions lodged, only one resale purchase took place at The Countryside this 2022. In April, a terraced house on Countryside Street with an acreage of 1,844 sq ft changed hands for $3.23 million ($1,752 psf). It was bought for $2.15 million ($1,166 psf) in April 2013, meaning the proprietor netted an earnings of $1.08 million.
The home had a starting cost of $4.8 million, as well as after a bidding competition from 3 parties, the property was marketed under the hammer for $5.01 million ($1,381 psf), that was $160,000 on top of the guide price of $4.85 million.
The house lies in a freehold ground property The Countryside, which Seletar Properties established in the past 1990s. It provides 245 terraced as well as semi-detached residences, with area dimensions varying from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and also Yio Chu Kang Road. Other landed developments in the vicinity include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
The building will certainly attract 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 additionally within walking distance.
Interest in the Lentor area has actually increased since the Federal government offered 2 sites using the public land sales programme in 2021 and beginning this year. The initial site at Lentor Central was sold to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated property development with a shopping mall linked straight to the Lentor MRT Station (on the Thomson-East Coast Line).
The residency at Countryside Road that was solely sold at auction rises within a five-minute drive of the upcoming Lentor Modern.
A three-storey edge terraced residence at Countryside Roadway in the Lentor place in District 26 was cost $5.01 million ($1,427 psf) at a public auction on Aug 26. The house was a mortgagee sale, states Yvonne Lau, senior manager of sales and auction at ERA, who took care of the auction.
The house, completed in 1999, remains on an acreage of 3,519 sq ft as well as has a built-up area of 4,000 sq ft. It features a roof covering patio. The initial level features a living area with a 6m-high roof as well as glass panels that give adequate natural light. The research space, cooking area, eating location and also utility room are also on the very first flooring. The lower second storey has two bed rooms with a common bathroom. The master bedroom on the upper 2nd floor has a 6m-high ceiling with a walk-in closet and also en suite shower room. Ultimately, the third flooring has an additional two bedrooms with a shared bathroom.