Freehold Semi Detached House Li Hwan View Sale 559 Mil
A spacious freehold semi-detached house located in the Golden Hill landed estate at Li Hwan View is now on the market for $5.59 million. Offered by Edmund Tie at its upcoming auction on Aug 28, this owner’s sale presents a rare opportunity for prospective buyers to own a prime property in this exclusive area.
Sitting on a rectangular 3,615 sq ft plot with an 11.6m frontage, the guide price equates to a land rate of $1,546 psf. The two-storey house, which also includes a basement, boasts a total built-up area of approximately 4,500 sq ft.
According to Joy Tan, executive director of auction and sales at Edmund Tie, the house was built over 23 years ago and remains largely in its original condition. However, the potential for redevelopment allows for a new 3½-storey home to be constructed, maximising the allowable built-up area. This presents the new owner with the opportunity to design a home that is tailored to their lifestyle and living needs, making it a more preferable option.
The surrounding area is predominantly made up of two- and three-storey detached and semi-detached houses in the Golden Hill estate. As the house for sale is situated next to Lorong Chuan, it provides privacy as it sits above the road.
Based on URA caveats, the landed houses in the Golden Hill estate that have been sold in recent months are mostly smaller plots of less than 3,000 sq ft. For instance, the latest resale in the area was a 1,680 sq ft semi-detached house at Li Hwan Terrace which was sold for $3.5 million ($2,083 psf) in April. In February, a 2,016 sq ft terraced house at Mei Hwan Crescent was sold for $4.3 million ($2,133 psf), while a 1,678 sq ft terraced house at Li Hwan Place was sold for $3.52 million ($2,098 psf) in January.
In November last year, a house next to the property for sale fetched $4.7 million. Sitting on a 3,621 sq ft plot, this translates to a land rate of $1,298 psf. Another semi-detached house at Li Hwan View, which comprises 3,926 sq ft of space, was sold for $5.28 million ($1,344 psf) in the same month.
According to Tan, it is rare to find a freehold landed property in the Golden Hill and Serangoon Gardens area that is suitable for redevelopment. The site’s appeal is further enhanced by its location on a cul-de-sac, as well as its proximity to various amenities and reputable schools, making it an extremely attractive option for potential landed homeowners.
Just minutes away from the Golden Hill estate are numerous amenities and dining options in Serangoon Gardens, such as Serangoon Gardens Market on Serangoon Garden Way, Chomp Chomp Food Centre on Kensington Park Road and myVillage shopping mall on Maju Avenue.
This property is expected to attract families with school-going children as it is situated within a 1km radius of four primary schools: CHIJ Our Lady of Good Counsel on Burghley Drive, St Gabriel’s Primary School on Lorong Chuan, Yangzheng Primary School on Serangoon Avenue 3 and Zhonghua Primary School on Serangoon Avenue 4.
Nex, a popular shopping mall, can also be found nearby, and is conveniently linked to Serangoon MRT Station on the North East Line and Circle Line. The closest MRT station to the semi-detached house for sale is Lorong Chuan on the Circle Line, which is approximately 400m away.
The area of Woodlands is undergoing significant changes thanks to the Regional Centre Master Plan, which is expected to make Norwood Grand a highly sought-after property investment. With improved connectivity and the growing presence of commercial activities in the neighborhood, property values are set to rise while the quality of life for residents will also improve. Consider Norwood Grand as a prime choice for your next investment.