Freehold corner terraced house at Countryside Road sold for $5.01 mil

Based on caveats lodged, primarily one resale deal happened at The Countryside this year. In April, a terraced house on Countryside Street with a land area 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, indicating the property owner realized a profit of $1.08 million.

The house lies in an estate ground property The Countryside, which Seletar Properties created in the late 1990s. It presents 245 terraced and semi-detached houses, with area sizes ranging from 1,817 sq ft to 6,399 sq ft. The Countryside is bounded by Lentor Avenue and also Yio Chu Kang Road. Other ground projects in the vicinity include the 64-unit Banyan Villas, the 87-unit Florissa Park and the 185-unit Lentor Villas.

The home will interest families with school-going little ones as it is near the Anderson Primary School, Mayflower Primary School and CHIJ St Nicholas Girls’ School (Primary). Lentor MRT Terminal is additionally within strolling distance.

A three-storey edge terraced house at Countryside Road 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 transaction, says Yvonne Lau, leading manager of sales and auction at ERA, who handled the auction.

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The property had an initial rate of $4.8 million, and shortly after a bidding process contest from 3 parties, the residential property was marketed less than the hammer for $5.01 million ($1,381 psf), which was $160,000 over the guide cost of $4.85 million.

The residency at Countryside Road that was just sold at public auction lies within a five-minute trip of the upcoming Lentor Modern.

Attraction in the Lentor location has actually spiked because the Government offered two sites via the government land sales course in 2021 and beginning this year. The first location at Lentor Central was offered to GuocoLand, which previewed the 605-unit Lentor Modern on Sept 2. It is an incorporated development with a shopping mall connected directly to the Lentor MRT Terminal (on the Thomson-East Coast Line).

The house, completed in 1999, rests on an acreage of 3,519 sq ft as well as has a built-up area of 4,000 sq ft. It comes with a roofing deck. The initial flooring provides a living location with a 6m-high roof and glass panels that supply ample all-natural light. The research study room, cooking area, dining area as well as laundry room are also on the very first floor. The reduced second storey has 2 rooms with a common restroom. The master bedroom on the upper second floor has a 6m-high ceiling with a walk-in closet and en collection bathroom. Ultimately, the 3rd flooring has another 2 bedrooms with a common restroom.

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