Freehold corner terraced house at Countryside Road sold for $5.01 mil
A three-storey corner terraced residence at Countryside Roadway in the Lentor location in District 26 was yielded $5.01 million ($1,427 psf) at an auction on Aug 26. The property was a mortgagee purchase, claims Yvonne Lau, senior executive of sales as well as public auction at ERA, who took care of the auction.
The home had a starting cost of $4.8 million, and shortly after a bidding process competition from 3 individuals, the house was marketed under the hammer for $5.01 million ($1,381 psf), that was $160,000 beyond the overview cost of $4.85 million.
Based on cautions lodged, just one resale transaction took place at The Countryside this year. In April, a terraced residence on Countryside Road with a land area of 1,844 sq ft changed hands for $3.23 million ($1,752 psf). It was purchased for $2.15 million ($1,166 psf) in April 2013, implying the property owner realized a profit of $1.08 million.
The property will certainly interest families with school-going children as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Station is also within walking range.
Attraction in the Lentor vicinity has surged given that the Federal government sold two sites through the government land sales programme in 2021 as well as early this year. The initial location at Lentor Central was sold to GuocoLand, which sneak the 605-unit Lentor Modern on Sept 2. It is an integrated development with a shopping mall connected directly to the Lentor MRT Terminal (on the Thomson-East Coast Line).
The house at Countryside Road that was just reselled at auction lies within a five-minute trip of the upcoming Lentor Modern.
The house, finished in 1999, rests on an acreage of 3,519 sq ft and has a built-up area of 4,000 sq ft. It includes a roof balcony. The first flooring provides a living area with a 6m-high ceiling and also glass panels that give enough natural light. The research space, kitchen, dining area as well as utility room are additionally on the first floor. The reduced second storey has two rooms with a shared washroom. The master bedroom on the upper 2nd storey has a 6m-high roof with a walk-in wardrobe and also en suite shower room. Finally, the third flooring has another two bed rooms with a common restroom.
The house is located in a freehold landed project The Countryside, which Seletar Properties built in the late 1990s. It includes 245 terraced and semi-detached residences, with area 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. Various other ground projects in the vicinity consist of the 64-unit Banyan Villas, the 87-unit Florissa Park and also the 185-unit Lentor Villas.
