Nestled in the residential neighbourhood of Serangoon Gardens in District 19 is a rare corner-terrace home that embodies both comfort and potential. This single-storey home, occupying a land size of 3,700 sq ft, is currently on the market for $6 million ($1,622 psf).
This property has been owner-occupied since its inception, diligently maintained by the original owner to ensure its move-in-ready condition. The property sits on a 999-year lease, and the existing house offers a practical layout, featuring four bedrooms, an additional helper's room, four bathrooms, and an extra helper's toilet.
The new owner will have the option to engage a unique combination of an architect (WYEL Architects) and builder (Starious Group), two companies with proven track records. These firms can design and provide drone footage and visuals of construction progress - thus eliminating the usual worry and stress associated with rebuilding.
The opportunity to construct a new 5,400 sq ft home on this available lot is estimated to cost $2.4 million. This translates to a total cost of $1,833 psf based on built up for a brand-new, two-story residence, complete with an attic level. The house design includes a three-car porch, six bedrooms each with its own ensuite, and a separate ensuite for a helper's room. Given the massive size of the plot, this may be a perfect solution for families looking for space or multi generational living.
One of the unique selling points of this property is its expansive 11.3-meter frontage, a significant improvement on the standard 8.2 meters commonly seen in this locale. The house is strategically positioned on a tranquil Hythe Road stretch, away from the bustling Hythe Road/Kensington Park Road junction, offering an added layer of privacy and peace to its residents. Although a corner-terrace, it is uniquely situated such that the back overlooks the tennis court of Serangoon Country Club, providing an unobstructed view, augmenting the serene atmosphere within its borders.
The area's notable amenities add further appeal to this property. A short six-minute walk will lead you to the famous Chomp Chomp food center, a hotspot for food lovers offering a delightful array of local cuisines. The residence is also conveniently located within the Serangoon Country Club area, presenting opportunities for leisure and networking.
The property's location is ideal for families with school-going children. It falls within a one-kilometer radius of Zhonghua Primary School and Serangoon Garden Secondary School. Connectivity is another advantage, with upcoming MRT stations on the Cross Island Line, Tavistock, and Serangoon North, all within 500 meters.
This corner-terrace home is well-priced given the local real estate trends. In December 2021, the highest transacted price per square foot along Hythe Road was $2,138 psf for 63 Hythe Road. Moreover, the average prices for landed properties in Serangoon Gardens Estate have surged by 203% over the last 15 years. This far outpaced the 148% growth rate for overall landed properties in Singapore, indicating the unique appeal and potential for investment in this neighbourhood.
This single-storey corner-terrace property offers a rare combination of a serene living space, promising potential for redevelopment, and a location that delivers both amenities and connectivity. Whether you're a family seeking a spacious dwelling or an investor looking for a valuable addition to your portfolio, this gem in Serangoon Gardens is worth your consideration.
For more information,
Contact Richard Jany | 90078398
KEO (R000383F)
JANYS REAL ESTATE PTE. LTD.