A two-bedroom-plus-study unit at Bartley Residences has emerged for mortgagee sale, presenting an opportunity for potential buyers. With a guide price of $1.9 million, this unit translates to approximately $1,713 per square foot, making it a noteworthy option in the current real estate market. The property spans 1,109 square feet and is designed to accommodate modern living needs, featuring an ensuite master bedroom, a secondary bedroom, and a versatile study area that can easily be transformed into a third bedroom or a helper’s room.
The auction for this unit, which will be conducted by Knight Frank, is scheduled for June 26. This marks the property’s second appearance at auction, following previous attempts that unfortunately garnered no bids. The lack of initial interest may suggest that potential buyers are carefully weighing their options in a market that reflects both challenges and opportunities. With the guide price set, interested parties will be looking closely at the property’s features and the surrounding area to assess its true value.
Recent sales data from Bartley Residences indicates a robust market, with 19 units sold this year at an average price of $1,817 per square foot. This average price suggests that buyers are willing to invest in properties within the development, highlighting a sustained interest in the area despite the competitive nature of the real estate landscape. Such statistics may provide reassurance to prospective buyers considering the mortgagee sale, as they can draw confidence from the overall healthy performance of the market in this locality.
Bartley Residences is situated in District 19 along Lorong How Sun, an area known for its accessibility and family-friendly environment. The development features an expansive balcony that offers unblocked views, enhancing the living experience for residents. Moreover, its proximity to Bartley MRT Station ensures convenient transportation options, while several reputable schools nearby make it an attractive choice for families seeking educational opportunities for their children. These local amenities contribute to the desirability of the unit and can be a decisive factor for buyers weighing their options.
As the auction date approaches, the real estate community will be keenly observing the outcome of the mortgagee sale. The interest generated from the previous auction attempts, coupled with the recent sales trend in Bartley Residences, will play a crucial role in shaping the bidding dynamics.
Potential buyers may find themselves competing for a property that not only offers desirable living space but also the promise of good investment potential due to its strategic location and the vibrant community surrounding it. The outcome of this mortgagee sale may set a precedent for future transactions in the area, reflecting the ongoing evolution of the property market in Singapore.
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News Source: Edgeprop
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