DONE DEAL: Single-storey terraced house, Jalan Limau Kasturi, Bangsar Park, Kuala Lumpur

Sold for: RM1.41 million

Concluded by: Renu Dayalal (REN 03024) of PPC International Sdn Bhd (012-389 0575)

When: March 2017

Noteworthy:
● Freehold
● East facing
● Built-up: 1,375 sq ft; land area: 1,650 sq ft
● 3 bedrooms + 2 bathrooms
● Fully furnished and renovated
● Nearby facilities and amenities: Bangsar Shopping Centre, Bangsar Village I and II, Mid Valley Megamall, UOA Office Tower, Kuala Lumpur Sentral and Bangsar LRT station
● Easy access to Federal Highway, New Pantai Expressway, Sprint Expressway, Jalan Syed Putra and Lebuhraya Sultan Iskandar (formerly Lebuhraya Mahameru)

Located along Jalan Limau Kasturi at Bangsar Park, this single-storey terraced house was bought by a local who is considering renting out the unit, said PPC International Sdn Bhd’s Renu Dayalal who concluded the deal.

The fully-furnished and renovated house is situated in a good location where its residents can enjoy the convenience of the numerous amenities in the area, she said.

“The price for this kind of unit in the area can go up to RM1.6 million sometimes, depending on the condition of the property, so I would say that this unit is worth the value of RM1.41 million as the buyer is able to just move in with his luggage without worry about furniture and home appliances, which are already included in the deal by the previous owner,” she added.

She noted that such units are in demand as there are more retirees these days looking for smaller landed homes that are easy to maintain and located in strategic areas.

“Some old and retired people do not mind down-sizing from a 3,000 sq ft bungalow for example, to a smaller house, which do not have many stairs, and is close to amenities. It is very difficult to find this kind of property in the market, especially the good ones which are in move-in condition,” she explained.

According to data from TheEdgeProperty.com, from 2012 to the third quarter of 2016 (3Q2016), the highest average transacted price for terraced houses in Bangsar was in 3Q2016, with an average price of RM2.55 million per unit.

The available listings on TheEdgeProperty.com show that the average asking price for terraced houses in Bangsar Park is RM1.77 million per unit.

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Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]