A two-bedroom-plus-study unit at Bartley Residences is set to attract attention in a mortgagee sale, with a guide price of $1.9 million, translating to $1,713 per square foot. This unit spans 1,109 square feet and features an ensuite master bedroom, a second bedroom, and a versatile study area that can easily be converted into a third bedroom or a helper’s room. The property was previously listed at auction on June 26, but it failed to garner any bids, which led to its withdrawal from the auction process due to a lack of interest.
Despite the disappointing auction outcome, Bartley Residences has exhibited a competitive market this year, with 19 units sold at an average price of $1,817 per square foot. This data indicates that there is still significant demand for properties within this development, which is located in District 19 along Lorong How Sun. The area has features that appeal to potential buyers, such as its proximity to Bartley MRT Station, making it convenient for commuting.
Additionally, families with school-aged children may find its closeness to reputable educational institutions, including Maris Stella High School and Bartley Secondary School, particularly attractive.
The two-bedroom-plus-study unit’s layout is designed to optimize space, providing an ideal living arrangement for small families or professionals seeking a home office. The ensuite master bedroom offers privacy and convenience, while the second bedroom accommodates family members or guests. The inclusion of a study area creates flexibility in how the space can be utilized, catering to the growing trend of remote work and the need for dedicated workspaces at home.
Potential buyers may perceive this mortgagee sale as an opportunity to secure a property at a competitive price point, especially considering the unit’s features and location. Furthermore, the fact that 19 units have been successfully sold in the same development this year suggests that there is a robust interest in Bartley Residences, despite the recent auction setback.
As the mortgagee sale approaches, it will be interesting to see if this unit attracts more interest than its previous listing. The guide price of $1.9 million offers a starting point for negotiations, and with the current market dynamics, bidders may find the unit’s price appealing relative to the average selling prices of other units in the development.
The outcome of this sale could also provide insights into the overall sentiment of buyers in the area, particularly as they assess the value of properties in District 19 amidst changing economic conditions.
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News Source: Edgeprop
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