Freehold corner terraced house at Countryside Road sold for $5.01 mil
Interest in the Lentor vicinity has increased because the Federal government offered two sites using the public land sales programme in 2021 as well as early this year. The first site at Lentor Central was sold to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated property development with a mall connected straight 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 includes a roof covering deck. The first floor features a living area with a 6m-high ceiling as well as glass panels that give ample natural light. The study area, kitchen area, dining area and also laundry room are additionally on the first flooring. The reduced 2nd storey has 2 rooms with a shared shower room. The master bedroom on the upper 2nd storey has a 6m-high roof with a walk-in closet as well as en suite shower room. Lastly, the third flooring has an additional two rooms with a shared washroom.
The property will certainly attract households 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 Terminal is also within walking distance.
The house is located in an estate ground property The Countryside, which Seletar Properties created in the late 1990s. It provides 245 terraced as well as semi-detached residences, with land sizes ranging 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 projects in the vicinity include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.
Based upon cautions lodged, primarily one resale deal occurred at The Countryside this season. In April, a terraced residence on Countryside Road with an acreage 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, meaning the property owner earned a revenue of $1.08 million.
A three-storey corner terraced residence at Countryside Roadway in the Lentor area in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The property was a mortgagee purchase, states Yvonne Lau, top manager of sales and public auction at ERA, that managed the auction.
The residential property had a starting cost of $4.8 million, and also shortly after a bidding contest from three individuals, the residential property 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 at Countryside Road that was merely reselled at auction is located within a five-minute ride of the upcoming Lentor Modern.
