A terraced colonial style house located on Upper East Coast Road in District 16 will be offered to auction in June, by its owner. The freehold property that is being sold through Knight Frank has a starting estimate that is $3.88 million. It’s located on a 1,764 square foot site that is equivalent to $2,200 per square foot.
The exterior of the inter-terraced residence is adorned with a colour design inspired by old-fashioned black-and-white bungalows in and around the East Coast area. As per the property description, the two-story terraced property has a surface area of around 2.5 acres. The property is leased to a design company until April 2024.
The ground floor is divided into a common area that includes a meeting room as well as a pantry within the garden. The second floor houses an office space that includes kitchenette. Front of inter-terrain includes a car port with the direct connection directly to Upper East Coast Road.
The property is situated in the midst of seven terraced homes located at the intersection of Parbury Avenue and Upper East Coast Road. Based on the most recent Master Plan, these houses form part of a three-storey mixed-landed estate located that runs along Sennett Road and Lucky Heights.
The terraced home will be situated between two forthcoming MRT stations along the Thomson-East Coast Line (TEL) -the Bayshore Station, about 350m away from the station, and Bedok South Station, about 500m away. The first phase of TEL is scheduled to be completed in 2025.
According to URA caveats that the property was last sold for close to $800,000 ($453 per sq. ft.) at the end of May in 2000. Caveats also show that six freehold land-locked houses located on the adjacent Riviera Drive were sold in the past year, with prices that ranged from $1,449 to $2,298 per square foot. In terms of a price per square foot the most expensive home that was sold on Riviera Drive was a detached residence situated at 7 Riviera Drive, which sold at $7.49 million ($1,731 per square foot) on January 24, 2022.
One street above one, on Parbury Avenue A freehold terraced home at the address of 59 Parbury Avenue was purchased at $3.2 million ($1,876 per sq ft) on the 21st of February. Two other terraced homes along Parbury Avenue were also sold by 2022Parbury Avenue Parbury Avenue for $3.53 million on April 22 and 87 Parbury Avenue for $3.53 million ($1,984 per square foot) the 22nd of April as well as the 87 Parbury Avenue for $3 million ($1,721 per square foot) on April 26.
In of the Lucky Heights estate the semi-detached house located on 37 Lucky Heights was sold for $7.52 million ($2,328 per square foot) the 2nd of June of last year. A semi-detached house at Sennett Road was bought to the highest bidder for $6.37 million ($1,121 per sq ft) on August 29 the same year.
These homes are located close to East Coast Park, and nearby recreation facilities are Laguna National Golf and Country Club located at Laguna Golf Green, Tanah Merah Country Club located at Xilin Avenue and Safra (Tampines) located at Tampines Street 91. Malls for shopping in the vicinity comprise Siglap Centre at Siglap Road, Parkway Parade at Marine Parade Road and Bedok Mall at New Upper Changi Road.
The neighborhood is located centrally within Bedok South. Schools close by can be found nearby. Temasek Primary School at Bedok South Avenue 3 and Bedok Green Primary School at Bedok North Avenue 3, Temasek Secondary School at Upper East Coast Road, Bedok View Secondary School in Bedok South Avenue 3, Bedok South Secondary School at Jalan Langgar Bedok and Temasek Junior College located at Bedok South Road.
A brand-new 31ha Bayshore housing development that is bordered by East Coast Park and served by the planned Bayshore as well as Bedok South MRT Stations are also expected to be built in the near future.