SERIOUS SELLER! Selling below bank value!
3-Storey Corner Terrace just 400m+ to Nex Shopping MRT
* 5-Bedrooms
* 5-Bathrooms
Currently tenanted to commercial operator but can sell vacant.
Freehold Semi-D of similar size nearby would easily cost you $7m to $8.5m. But this LEASEHOLD unit is perfect for those who desire landed living without the huge commitment.
The most affordable 5BR Semi-D within walking distance to MRT:
* Downpayment: $850k ($170k cash + $680k cpf/cash)
* Instalment: $8.6k per month (75% over 30yr @ 1.4%)
Installment currently fully covered by the existing monthly rental.
Lifetime remaining value: $7.3m
(If rented out throughout remaining lease, assuming same rent average).
That means you use $3.5m to make $7.3m if u hold till rented till the end of lease.
Potential Exit Price: $4m (based on average inflation 3%)
Yes, imagine 5 years from now, a nearby Semi-D would have grow from $8m-$10m, making your exit price of $4m looks super affordable (cheaper than 99-year condo!)
At $3.5m, this is also perfect for those selling their FH landed with $8.5m to cash out the difference and yet wants to continue staying in similar Semi-D size near MRT for the rest of their retirement.
So whether u are HDB upgrader, investor, or retiree, this Semi-D is your smartest deal!
Selling almost $300m below value now for your own Reno, or you can choose our RENOVATED INCLUSIVE package if you prefer.
Amenities:
Nearest MRT Stations
Serangoon MRT Station ~450m (6-7 mins walk)
Bartley MRT Station ~600m (8-9 mins walk)
Nearby Schools
Within 1km
Maris Stella High School
St. Gabriel's Secondary School
Nearby Supermarkets
FairPrice Xtra @ NEX ~550m (7-8 mins walk)
Cold Storage @ NEX ~550m (7-8 mins walk)
Disclaimer: The photos are virtually staged with furniture and décor only for reference to help visualise how the unit can potentially look without major renovation. Original (empty) condition photo are included for easy before-and-after comparison.
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