Freehold semi-detached house at Vaughan Road for sale from $5.5 mil
A semi-detached house located on the Vaughan Road, off Upper Serangoon Road, is up for sale, with a guide price of $5.5 million. The property will be sold with vacant possession and is being handled by SRI Auction. It is an owner’s sale, says Mok Sze Sze, managing partner of SRI Auction.
The two-storey house has a total built-up area of 7,000 sq ft and comes with a roof terrace. It was completed in 1985, and it has six bedrooms.
The freehold property occupies a land area of 5,647 sq ft, with a 10.4m-wide frontage along Vaughan Road. Based on the land area, the guide price works out to $973 psf. According to caveats lodged, the property was last transacted in June 2013 for $4.7 million ($832 psf).
Given its age and sizable land area, the current property is ideal for redevelopment, says SRI’s Mok. “Subject to approval from the relevant authorities, the buyer can redevelop the property and construct a new detached home on the site,” she remarks.
Part of Vaughan Garden, a mixed-use landed residential estate in District 13, the property is just a six-minute walk away from the Nex mall at Serangoon Central, which is connected to the Serangoon MRT Station. There are also many eateries and other amenities along Upper Serangoon Road.
The area is ideal for families with schoolgoing children due to its close proximity to several educational institutions, such as Yangzheng Primary School, Zhonghua Secondary School, and Nanyang Junior College — all located on Serangoon Avenue 3.
Check out the latest listings near Vaughan Road, Vaughan Garden, Lorong Biawak, Serangoon MRT Station, Yangzheng Primary School, Zhonghua Secondary School, and Nanyang Junior College.
With its potential for redevelopment, freehold status, and convenient location, Mok expects the semi-detached house to receive strong interest from buyers.
Earlier this year, the property next door — another two-storey, semi-detached house — was sold in an auction by SRI for $6.3 million ($948 psf). Before that, three properties in Vaughan Garden were sold last year. All three properties were terraced houses.
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July saw a house along Lorong Biawak with a land area of 3,168 sq ft fetching $4.63 million ($1,461 psf). In August, another house along Lorong Biawak with a land area of 3,182 sq ft changed hands for $5.26 million ($1,653 psf).
Last December, a house with a land area of 3,067 sq ft was sold for $5.25 million ($1,712 psf).
With a guide price of $5.5 million, the semi-detached house along Vaughan Road off Upper Serangoon Road will be on the block on May 25. The two-storey house sits on a freehold land area of 5,647 sq ft and has a 10.4m-wide frontage.
Ideal for redevelopment and located close to a variety of amenities, it is expected to receive strong interest from buyers. The property has a total built-up area of 7,000 sq ft, which includes six bedrooms, a roof terrace, and a family area on the second floor adjacent to a balcony.
Given its proximity to Yangzheng Primary School, Zhonghua Secondary School, and Nanyang Junior College, the property is ideal for families with schoolgoing children.
Based on the land area, the guide price works out to $973 psf. The site is zoned for two-storey mixed landed use under the Master Plan 2019 and the last transaction for this property was in June 2013 for $4.7 million ($832 psf).
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SRI Auction’s Mok Sze Sze expects the semi-detached house at Vaughan Road to garner strong interest given its freehold status, redevelopment potential, and convenient location. With recent transactions for similar properties going for up to $6.3 million, one can only wait to see what this property fetches when it is put up on the block.