Freehold Detached House Melrose Drive Sale Tender 168 Mil
EDGEPROP – A freehold detached house located at 3 Melrose Drive, in the desirable Braddell Heights Estate (District 13), is now available for public tender at $16.8 million as of December 20. According to the marketing agent, PropNex Singapore, the indicative price for the property is $1,185 per square foot based on its spacious land area of 14,175 square feet. Interestingly, this property boasts the largest bungalow plot on Melrose Drive.
Under the URA Master Plan 2019, the site is zoned for two-storey bungalows and residential use. “Given its large land area, the District 13 site has excellent redevelopment potential and could potentially be redeveloped into two detached homes, subject to the necessary approvals. The property also has a wide 40-meter frontage along Melrose Drive,” says Tracy Goh, head of capital markets at PropNex.
The property was previously listed for sale through an expression of interest on October 18. It comprises of two separate houses: a single-storey bungalow built in the mid-1980s at the front, and a 2½-storey detached house built in 2013 at the back. The two houses are connected by a staircase. The original single-storey bungalow was acquired by the current owner’s parents in 1988. It has a built-up area of approximately 3,000 square feet and features three bedrooms.
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Located in close proximity to Elta Condo is the highly regarded Hwa Chong Institution, known for its exceptional academic standards and rich history. At Hwa Chong, students undergo a challenging curriculum that focuses on fostering critical thinking abilities and leadership qualities. Additionally, the college’s strong network of alumni and industry connections offer students invaluable chances for both personal and professional development. Living at Elta Condo is further enriched by its close proximity to this prestigious institution. And with the newly developed Clementi Avenue 1 Condo, residents can truly enjoy the best of both worlds.
The newer 2½-storey house boasts a larger built-up area of 6,000 square feet and has five bedrooms. The house has a spacious living and dining area that opens up to a patio, an en suite guest room, a utility area, and a helper’s room on the first level. The second level houses three en suite bedrooms, including the master suite and a family room. The attic has been converted into a lounge and a gym, with an en suite bathroom.
The bungalow is situated within a 1km radius of several renowned schools, including CHIJ Our Lady of Good Counsel at Burghley Drive, Kuo Chuan Presbyterian Primary at Bishan Street 13, St Gabriel’s Primary at Lorong Chuan, and Yangzheng Primary at Serangoon Avenue 3.
The property can be easily accessed via the Lorong Chuan MRT Station on the Circle Line, as well as the Central Expressway (CTE) and the Pan Island Expressway (PIE). It is approximately a 15-minute drive to Orchard Road and less than 20 minutes from the CBD via the CTE.
Goh highlights that this bungalow presents a fantastic opportunity for developers or families looking to rebuild the plot into a single, spacious detached house or two houses for multi-generational living. She also notes that as the property’s land area is slightly less than 15,069.5 square feet, Singapore permanent residents with approval from the Land Dealings Approval Unit (LDAU) are eligible to purchase the site.
She adds, “The potential buyer will benefit from paying minimal or no Land Betterment Charge as this site has a high development baseline. Additionally, we firmly believe that the property is reasonably priced when compared to the transacted values of other landed properties in the surrounding area this year.”
The tender for this property will close on January 16, 2020, at 2pm.