Yahoo Finance BELOW $1 MILLION: Freehold apartment in Farrer Park
A one-bedroom, 484 sq ft unit at The Urbanite is listed for sale at $815,000 or $1,684 psf.
Completed in 2014, The Urbanite is a freehold apartment located on Hertford Road, about 500m from Farrer Park MRT station of the North-East Line. Schools located within 1km include Anglo-Chinese School (Junior), Farrer Park Primary School and St Joseph’s Institution Junior.
There were three rental contracts for one-bedroom units sized from 400 to 500 sq ft this year. Monthly rent averaged $2,033, which translates into a potential gross rental yield of 3%.
For more information, call marketing agent Jeffrey Tan at 9640 5599.
Rental contracts for 400 to 500 sq ft units in 2016
Lease date | Monthly rent | |
|---|---|---|
($) | ($psf) | |
Jul-16 | 2,000 | 4.4 |
Jun-16 | 2,000 | 4.4 |
Mar-16 | 2,100 | 4.7 |
Source: URA, The Edge Property
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