A potential redevelopment opportunity awaits in the form of a two-storey semi-detached house along Vaughan Road, off Upper Serangoon Road, set for sale on May 25 with a guide price of $5.5 million. The property, located as part of Vaughan Garden, a mixed-used landed residential estate in District 13, sits on a freehold land area of 5,647 sq ft, with a built-up area of about 7,000 sq ft. It has six bedrooms, a roof terrace, and a 10.4m-wide frontage along the road, offering a prime redevelopment opportunity for prospective buyers.

Located close to a variety of amenities and educational institutions, the property presents a unique opportunity for interested parties. It is a stone’s throw away from Serangoon Central and its accompanying Nex shopping mall, and just a six-minute walk away from the Serangoon MRT Station.Additionally, prospective buyers with school-going children can take advantage of the area’s proximity to Yangzheng Primary School, Zhonghua Secondary School and Nanyang Junior College, all located on Serangoon Avenue 3.

Mok Sze Sze, managing partner of SRI Auction, who is handling the sale, anticipates that the property will draw strong interest from buyers due to its freehold status and lucrative redevelopment potential. Before the latest semi-detached house that will be put up for sale on May 25, three other properties in Vaughan Garden were sold last year. All were terraced houses, two of which were located along Lorong Biawak and sold for $4.63 million ($1,461 psf) and $5.26 million ($1,653 psf) respectively. The last one, with a land area of 3,067 sq ft, was sold for $5.25 million ($1,712 psf) in December.

For potential buyers, The Altura EC has a plethora of excellent facilities such as pools, pavilions, a fitness area, and a clubhouse. Furthermore, the community is surrounded by lush greenery, ensuring maximum tranquility and privacy.

From the vicinity, the Vaughan Road semi-detached house last changed hands in 2013 for $4.7 million ($832 psf). Despite the owner’s sale being three years apart and the property being of a considerably larger land area, the guide price of $5.5 million works out to only $973 psf.

Based on the Master Plan 2019, the land is also zoned for two-storey mixed landed use; a permission which will likely appeal to future buyers with plans to redevelop the property and construct a new detached home on the site.

Given its many advantages and context, the semi-detached house on Vaughan Road looks set to attract attention from prospective buyers. For those looking to invest in the property, May 25 presents an opportunity to claim a rare and valuable asset.