Sophia Residence

D9 (CCR) Freehold
District 9 ·Freehold ·Completed 2014
~$2,071 Avg PSF (12-month)
2.7% Rental yield
272 Total units
Category Ratings
Facilities
6.5
Unit size & layout
7.5
Value for money
8.0
Neighbourhood
9.0
MRT accessibility
9.5
Lease remaining
10.0

Overview & Key Facts

Sophia Residence is a 272-unit freehold condominium at 28–38 Sophia Road in District 9, completed in 2014 by GuocoLand — one of Singapore’s most respected listed developers, with a portfolio spanning Wallich Residence at Tanjong Pagar Centre, Martin Modern, and Midtown Modern. Spread across six residential blocks of between 8 and 14 storeys on the leafy slopes of Mount Sophia, the development earned a BCA Green Mark Platinum award — a distinction that reflects GuocoLand’s commitment to energy efficiency and sustainable design.

Mount Sophia is one of Singapore’s most historically layered residential enclaves. The hilltop was a Methodist mission precinct from the late 19th century, and a cluster of conservation shophouses and heritage institutional buildings along Adis Road and Sophia Road still define the character of the neighbourhood. Sophia Residence sits within this conservation corridor, offering a treed, hillside setting that feels removed from the city noise while remaining within genuine walking distance of the civic and commercial infrastructure of Dhoby Ghaut. For a city of 5.9 million people, the sense of neighbourhood calm at Sophia Road is quietly remarkable.

At an average transacted PSF of $1,885 over the past twelve months — with recent transactions ranging from $1,582 to $2,165 — Sophia Residence represents one of the most competitively priced freehold entry points into District 9. Its direct neighbourhood comparables now trade at substantially higher PSFs: Sophia Hills at $2,106 PSF (leasehold), Orchard Sophia at $2,774 PSF (freehold, new launch), and One Sophia at $2,750 PSF (leasehold, new launch). The structural discount attached to Sophia Residence reflects its 2014 vintage and older finishings, not any deficiency of location or developer pedigree.

With a walkability score of 91/100 — among the highest in Singapore for a residential condominium — and a gross yield ranging from 3.6% to 3.7% across the dominant three-bedroom configuration, Sophia Residence occupies a niche that the CCR market rarely delivers: a freehold, well-facilitated, mid-sized development within walking distance of a three-line MRT interchange, at a price point that remains accessible by prime district standards.

Developer
SOPHIA RESIDENCE DEVELOPMENT PTE LTD
Tenure
Freehold
Total units
272
TOP year
2014
District
9 — CCR
Street
SOPHIA ROAD

Location & Connectivity

Sophia Residence sits on a gentle ridge at the top of Sophia Road, a quiet tree-lined street that branches off from Selegie Road just north of Dhoby Ghaut. The address places residents at a genuine sweet spot: high enough on the Mount Sophia hillside to enjoy privacy and green canopy, yet within a ten-minute walk of the civic centre of Singapore’s planning grid. Dhoby Ghaut, Plaza Singapura, and the National Museum of Singapore are all reachable on foot without crossing a major arterial road.

The MRT connectivity is the development’s single most compelling location attribute. Dhoby Ghaut MRT (NS24/NE6/CC1) — Singapore’s only three-line interchange station, combining the North-South, North-East, and Circle Lines — is approximately 710 metres from the development, a comfortable 8–10-minute walk along Selegie Road. From Dhoby Ghaut, Orchard is one stop north, Marina Bay is four stops south, Harbourfront is accessible direct on the North-East Line, and the Circle Line opens up connections across the entire island ring. Bencoolen MRT (DT21) on the Downtown Line adds a sixth connection at approximately 550 metres — providing direct access to Bugis, City Hall, and Chinatown. In practical terms, Sophia Residence is walking distance from five MRT lines.

For daily necessities, the location is equally strong. Plaza Singapura — a full-service mall with Cold Storage, a cinema, and over 300 retail and F&B outlets — is a 12-minute walk downhill on Orchard Road. Sunshine Plaza and Parklane Shopping Mall along Selegie Road provide closer neighbourhood options with hawker food, provision shops, and service businesses. Tekka Market and Food Centre at Little India is accessible in a short walk or one MRT stop for one of Singapore’s best wet market and hawker experiences. For those who enjoy the restaurant strip culture, Purvis Street, Bras Basah Road, and the Ophir-Rochor corridor are within easy reach.

Five MRT Lines Within Walking Distance
Dhoby Ghaut MRT (NS/NE/CC) at approximately 710 m and Bencoolen MRT (DT) at approximately 550 m give Sophia Residence residents access to five separate MRT lines on foot. This multi-line connectivity is virtually unmatched among mid-sized condominiums in Singapore. For households that commute by rail — to Raffles Place, Harbourfront, one-north, Changi Business Park, or Changi Airport — the travel time from Sophia Road is competitive with almost any address in the city.

The cultural and recreational context of the neighbourhood adds a layer that purely commercial districts cannot offer. The Singapore Art Museum, the National Museum of Singapore, the Singapore Management University campus, the Nanyang Academy of Fine Arts (NAFA), and Fort Canning Park are all within a 15-minute walk. Residents who value proximity to arts institutions, educational establishments, and heritage landscapes will find the Mount Sophia location genuinely distinctive. The conservation shophouses along Adis Road and the Inman Road cluster provide an architectural continuity with pre-war Singapore that has been lost from most of the city’s residential districts.


Schools & Education

1 primary school within the 1 km Priority Phase balloting radius.

Nearby Schools
SchoolTypeDistance
Singapore Management UniversitytertiaryWithin 1 km
Nanyang Academy of Fine ArtstertiaryWithin 1 km
LASALLE College of the ArtstertiaryWithin 1 km
School of the ArtsjcWithin 1 km
ACS (Junior)primaryWithin 1 km
St. Margaret's Secondary Schoolsecondary~1.4 km
Fairfield Methodist School (Primary)primary~1.4 km
St. Margaret's Primary Schoolprimary~1.4 km

Facilities

Sophia Residence offers a well-rounded facilities package consistent with GuocoLand’s mid-2010s design standards. The development features a lap pool, Jacuzzi, gymnasium, tennis court, BBQ pavilions, a clubhouse and multi-purpose hall, and a fitness corner distributed across its hillside site. The Green Mark Platinum rating reflects thoughtful integration of landscaping and passive design across the six-block campus — the grounds are notably greener and more mature than comparably-aged developments on flat urban plots.

At 272 units, the estate enjoys a genuinely comfortable facility-to-unit ratio. The lap pool in particular is consistently described by residents as well-proportioned and rarely crowded, a meaningful quality-of-life distinction from the 600–1,000+ unit mega-developments that increasingly define Singapore’s new launch landscape. The clubhouse facilities support resident social functions without the bureaucratic overhead that large MCSTs typically carry. Parking is adequate, with a basement carpark that shelters residents from the hill’s weather.

“Hidden gem tucked behind a relatively nondescript entrance but one will be surprised by the lush landscape and fine lifestyle condo living inside. Prime location with access to 3 MRT networks and near to many amenities. Quality finishing and full condo facilities unlike most nearby projects.”

— Resident review via PropertyGuru

The honest caveat is that Sophia Residence is now a 12-year-old development, and common area finishings reflect that vintage. The lobby and corridor finishings are solid but not contemporary by 2026 standards; the gym equipment has been maintained but is not fitted to the standard of a new-launch wellness deck. Residents comparing Sophia Residence to new launches like One Sophia or Orchard Sophia will observe a generational difference in fitout ambition. What Sophia Residence delivers instead is established, well-maintained grounds with genuinely mature planting — a quality that money cannot buy in a new launch and that makes the hillside setting feel more like a garden estate than a concrete podium.

Green Mark Platinum — What It Means for Residents
GuocoLand’s BCA Green Mark Platinum award for Sophia Residence translates into measurable resident benefits: lower common area electricity consumption (and thus lower maintenance fees over time), better natural ventilation in the corridor and common spaces, and more efficient air conditioning systems in the units. For owner-occupiers planning a long-term hold, green-rated buildings have tended to demonstrate lower lifecycle maintenance costs than unrated peers from the same era. The award also signals a level of construction oversight that correlates with build quality.

Unit Sizes & Layout

Sophia Residence’s unit mix is dominated by three-bedroom apartments, which account for approximately 166 of the 272 units — roughly 61% of the development. The full breakdown is: 14 one-bedroom units at 610 sqft, 22 two-bedroom units at 790–800 sqft, 166 three-bedroom units at 1,030–1,460 sqft, 49 four-bedroom units at 1,840–2,060 sqft, and 21 penthouse units at 1,640–2,960 sqft. This distribution signals GuocoLand’s original positioning of Sophia Residence as a family-oriented development rather than an investment yield play.

The three-bedroom units are the development’s commercial sweet spot. At average sizes of 1,087–1,460 sqft, they are meaningfully larger than the 900–1,000 sqft three-bedders that new launches in District 9 routinely deliver. At an average transacted PSF of approximately $1,885, a mid-range three-bedroom transacts around $2.0–$2.5 million — a quantum that sits well below Sophia Hills, One Sophia, and Orchard Sophia equivalents. For families requiring genuine three-bedroom living space in a freehold CCR development within walking distance of Dhoby Ghaut, this price-space-tenure equation is difficult to replicate in the current market.

GuocoLand’s standard from this period typically features full-height windows in living and dining areas, quality marble or stone flooring in common spaces, branded kitchen appliances, and bathroom fittings from recognised manufacturers. The finishings were positioned at the premium mid-market tier when launched and remain functionally solid, though kitchens and bathrooms may require cosmetic updating to meet contemporary tenant or owner expectations. Buyers purchasing resale units that have not been renovated should budget $60,000–$100,000 for a thorough kitchen and bathroom refresh in a three-bedroom unit.

Three-Bedroom Yield Context
The three-bedroom configuration (1,160 sqft average, $6,548/month average rent in 2024–2025) generates a gross yield of approximately 3.6% at current PSF. This is above the CCR average and reflects the genuine rental demand for well-located, full-sized family units in D9. The strong rental market is underpinned by proximity to SMU, NAFA, and the international community around Dhoby Ghaut, as well as demand from professionals working in the Orchard-Civic District corridor who value walkability over car ownership.

The four-bedroom and penthouse units occupy a distinct market segment. At 1,840–2,060 sqft, the four-bedders are genuinely spacious by any standard — appropriate for families requiring a full domestic configuration with a helper’s room — and at recent transaction prices of $2.3–$3.5 million, they represent freehold CCR value that is hard to reproduce at this location. The penthouse units, with rooftop terraces and skyline views over the civic district, have transacted as high as $4.75 million and offer a luxury owner-occupier proposition for buyers who want both freehold permanence and the heritage hillside setting.

Unit Mix (from transaction data)
BedroomsTransactionsAvg PSFAvg Price
2 BR8$1,906$1,523,125
3 BR5$2,000$2,326,000
4 BR14$1,835$2,887,778
5 BR9$1,491$3,370,000

Pricing & Market Position

Based on 36 recorded transactions, sale prices range from $1,400,000 to $4,750,000, averaging $2,627,052 (~$2,071 psf).

Rents range from $2,800 to $12,000 per month across 538 rental transactions. Current rental yield sits at approximately 2.7%.


Price Appreciation

From 2021 to 2026, the average PSF has appreciated by 34% (from $1,593 to $2,134 psf).

2024
+11.6%
$1,928 psf
2025
-10.4%
$1,728 psf
2026
+23.5%
$2,134 psf

Neighbourhood Comparison

The most structurally similar comparison is Sophia Hills ($2,106 PSF, 999-year leasehold from 2014, 493 units), the larger GuocoLand companion development on the same Mount Sophia site. Sophia Hills offers a newer facilities deck, larger unit range, and a longer effective tenure at roughly 983 years remaining — effectively permanent for most planning horizons. Yet it trades at a higher PSF than Sophia Residence despite its leasehold status. The premium reflects Sophia Hills’ newer fitout and larger scale of facilities, not a tenure advantage. For buyers choosing between the two, Sophia Residence offers true freehold permanence, a smaller community scale, and a materially lower PSF. Sophia Hills offers a fresher facilities experience at a higher capital outlay.

Orchard Sophia ($2,774 PSF, freehold, boutique new launch on the former Sophia Ville site) represents the top tier of the immediate neighbourhood. At roughly 47% higher PSF than Sophia Residence, it delivers a new-launch fitout, city-view penthouses, and the cachet of a 2025-era design standard. For buyers with the budget and a preference for contemporary finishings over spatial generosity, Orchard Sophia is the freehold step-up. For buyers at the Sophia Residence price point, it is simply a different market tier.

One Sophia ($2,750 PSF, 99-year leasehold, new launch by SingHaiYi and CEL Development on the former Peace Centre site) is leasehold and higher-priced than Sophia Residence — a combination that makes the comparison instructive. One Sophia offers a mixed commercial-residential format, contemporary fitout, and the architectural attention of a new launch, but it carries a 99-year lease clock against Sophia Residence’s freehold perpetuity. For buyers comparing these two, the $865 PSF premium at One Sophia needs to be weighed against the loss of freehold tenure. Over a 30-year hold, the tenure differential is material.

Among older freehold peers, The Metz at Devonshire Road ($2,664 PSF, freehold) trades at a significant premium to Sophia Residence despite a comparable era of completion. The Metz benefits from a lower unit count (75 units), an Orchard Road-adjacent address, and a stronger luxury positioning. The PSF gap between The Metz and Sophia Residence is a reminder that CCR micro-location matters enormously: Devonshire Road commands a premium over Mount Sophia, and Sophia Residence’s relative affordability is partly a function of its hilltop position above the Orchard corridor rather than on it.

For freehold buyers specifically targeting D9 access, the peer group also includes smaller boutique condos: Jia (22 units, $1,483 PSF), Sophia Lodge (15 units, $1,632 PSF), and Killiney 118 (30 units, $2,095 PSF). These sub-50-unit developments offer intimacy but lack Sophia Residence’s full facilities package. For buyers who want freehold D9, full facilities, a size that supports genuine community, and a sub-$2,000 PSF entry — Sophia Residence sits in a category of essentially one.

District 9 Comparables
DevelopmentTenureTOPUnits~Avg PSF
SOPHIA RESIDENCEFreehold2014272$2,071
IRWELL HILL RESIDENCES99 yrs lease commencing from 20202021540$2,728
RIVER GREEN99 yrs lease commencing from 20242025524$3,138
RIVER MODERN99 years leasehold$3,239
THE AVENIRFreehold2021376$3,190
KOPAR AT NEWTON99 yrs lease commencing from 20192021378$2,511

ShiokNest Scores

Our proprietary scoring system evaluates SOPHIA RESIDENCE across multiple dimensions.

Walkability
91/100
MRT: 25/25, School: 20/20, Hawker: 10/15, Mall: 15/15, Park: 10/10, Supermarket: 6/10, Clinic: 5/5
Investment
58/100
-2.3% YoY ·2.9% yield ·3 txns/yr ·Freehold ·0.39 km to MRT ·+22.1% district YoY ·En-bloc 34/100
Profitability
60/100
Win rate: 80 — 5 transaction pairs, 80% profitable, avg +$184,222
En-Bloc Potential
34/100
Verdict: Low
Overall ShiokNest Score
59/100 — composite of walkability, investment, profitability, en-bloc, and market trend factors.

What Residents Say

“Very ideal location next to Plaza Singapura and yet doesn’t feel the hustle and bustle of city life at all. Convenient yet tranquil.”

— Owner review via PropertyGuru

“Lush greenery, quiet hillside setting, but still minutes to Dhoby Ghaut and Plaza Singapura. We barely use the car. The pool is never crowded and the management is decent.”

— Resident review via 99.co

“Great freehold option in D9 for the price. Spacious three-bedder, mature landscaping, and the Dhoby Ghaut interchange is genuinely walkable. Perfect for those who commute by MRT.”

— Owner review via EdgeProp

“The Heritage conservation context is a big draw — the old institutional buildings on Mount Sophia give the area real character. It doesn’t feel like generic Singapore high-rise living.”

— Resident comment via SRX

The consistent theme across review sources is the balance of urban convenience and neighbourhood quiet that the Mount Sophia hillside delivers. Residents frequently cite the walkability to Dhoby Ghaut, Plaza Singapura, and hawker centres as transformative for car-free or car-light living, while noting that the Sophia Road enclave itself feels insulated from the commercial noise of Orchard Road. The 272-unit scale is regularly mentioned as a quality-of-life asset: facilities that are proportioned to the community, a functional MCST, and a sense that the estate is genuinely managed rather than administered from a distance. The principal complaint across reviews is the occasional noise from nearby entertainment venues along Peace Centre, which is a function of the specific address rather than any design failure of the development itself. This concern is more relevant for units facing west towards Selegie Road than for those oriented towards the quieter hillside aspects.


Strengths & Weaknesses

Strengths
  • True freehold tenure in District 9 — permanent ownership with no lease decay risk
  • Five MRT lines walkable: Dhoby Ghaut (NS/NE/CC) ~710m, Bencoolen (DT) ~550m
  • Walkability score 91/100 — among the highest in Singapore for a residential condo
  • GuocoLand developer pedigree — Green Mark Platinum award, solid construction quality
  • Meaningfully cheaper than all newer D9 comparables — ~30–50% discount to One Sophia and Orchard Sophia PSF
  • Mount Sophia heritage hillside setting — conservation shophouses, mature canopy, genuine neighbourhood character
  • Strong three-bedroom gross yield ~3.6% — above CCR average, underpinned by SMU/NAFA/professional demand
  • Proximity to Plaza Singapura, National Museum, SAM, SMU campus — exceptional cultural and civic walkability
  • 272-unit scale — facilities not overcrowded, responsive MCST, genuine community feel
  • Hawker access: Tekka Market (one MRT stop), Parklane hawker, Sunshine Plaza food options within easy reach
Weaknesses
  • Development is ~12 years old — kitchens, bathrooms, and lobby finishings need renovation budget vs new launches
  • Hillside access — gentle uphill walk from Selegie Road bus stops; less convenient for limited mobility
  • Noise exposure for west-facing units from Peace Centre entertainment district, audible some evenings
  • No swimming pool within the unit cluster — shared lap pool serves all 272 units
  • Investment score 58/100 — moderate; yield is good but en-bloc probability (34/100) is low for freehold
  • Limited new-launch pipeline premium — buyers expecting to sell at a PSF premium vs entry price face competition from One Sophia and Orchard Sophia new launches
  • Gym facilities reflect 2014 standard — functional but not a premium wellness deck by 2026 expectations
  • No direct bus interchange — Dhoby Ghaut and Bencoolen MRT on foot are the primary public transport options
  • Lower international brand recognition than Orchard Road-adjacent developments at similar price tier
Best for — Freehold-first CCR buyers on a D9 budget Car-free professionals working in Orchard-Civic-Marina Bay corridor Families wanting freehold D9 three-bedroom space below $2.5M SMU / NAFA proximity landlords targeting student and faculty rental Long-hold capital preservation buyers (10yr+ freehold horizon) Buyers upgrading from leasehold D9/D10 who want tenure security Short-term flippers expecting PSF uplift above new launches Buyers requiring new-launch finishings without renovation Limited mobility residents sensitive to hillside gradient

Verdict

Sophia Residence’s investment case rests on three structural advantages that are increasingly rare in combination: freehold tenure in District 9, walking distance to a three-line MRT interchange, and a price that remains meaningfully below newer leasehold peers in the same micro-market. With Sophia Hills at $2,106 PSF (leasehold), Orchard Sophia at $2,774 PSF (freehold), and One Sophia at $2,750 PSF (leasehold), Sophia Residence’s recent-transaction average of $1,885 PSF encodes a ~30–50% discount to new-launch and near-new freehold stock in the Sophia Road corridor. For buyers with a medium-to-long hold horizon, this discount combined with permanent tenure represents a compelling base for capital preservation.

The walkability score of 91/100 is among the highest in Singapore for any residential condominium, and for good reason: five MRT lines on foot, Plaza Singapura, a national museum, a major university campus, and several hawker centres are all within a 15-minute walk. This score captures a structural advantage that is essentially immune to urban development risk — Dhoby Ghaut’s three-line interchange is a permanent infrastructure asset that will not be superseded. For residents who genuinely commute and live without a car, Sophia Residence is a top-five location in Singapore by walkability criteria.

The investment score of 58/100 is moderate and reflects a balanced picture. At gross yields of 3.6–3.7% for three-bedroom units, the rental performance is respectable for CCR — above the CCR average and competitive with leasehold peers at lower price points. Capital appreciation over the 2022–2025 period has been positive, with PSF rising from approximately $1,550 to $1,885. The en-bloc score of 34/100 is modest; with freehold tenure, owners have no lease clock pressure to trigger a collective sale, and without that urgency, en-bloc probability remains low. This is the correct outcome for a freehold development: the value is in perpetual ownership, not in a one-time collective event.

Sophia Residence answers a specific question that the CCR market rarely resolves affordably: “How do I own a freehold three-bedroom in District 9, within walking distance of Dhoby Ghaut, at a sub-$2.5M quantum?” For the right buyer — a family prioritising walkability, tenure, and genuine living space over new-launch finishings — the answer is difficult to improve upon at the current price level.

The primary trade-offs are the 2014 vintage and the hillside access. Units and common areas will require periodic renovation investment to maintain contemporary standards; the development is not a “buy and move in” story for buyers expecting new-launch quality. And Sophia Road, while flat within the estate, involves a mild gradient on the walk to Dhoby Ghaut that is not ideal for all mobility profiles. Neither is a structural deficiency, but both are genuine considerations for the right buyer profile.

Frequently Asked Questions

How close is Sophia Residence to Dhoby Ghaut MRT?
Dhoby Ghaut MRT interchange station (NS24/NE6/CC1) is approximately 710 metres from Sophia Residence — an 8–10 minute walk along Selegie Road. This interchange connects the North-South, North-East, and Circle Lines, making it the most versatile MRT station in Singapore by line coverage. Bencoolen MRT (DT21) on the Downtown Line is approximately 550 metres in the other direction. In total, five MRT lines are accessible on foot from the development — a connectivity profile that is virtually unmatched among mid-sized condominiums in Singapore.
What is the unit mix at Sophia Residence and which type offers the best value?
Sophia Residence has 272 units across five types: 14 one-bedroom (610 sqft), 22 two-bedroom (790–800 sqft), 166 three-bedroom (1,030–1,460 sqft), 49 four-bedroom (1,840–2,060 sqft), and 21 penthouses (1,640–2,960 sqft). The three-bedroom configuration dominates the development and represents the strongest value-to-space ratio: at approximately $1,885 PSF and 1,160 sqft average size, a three-bedder transacts around $2.0–2.5M — meaningfully below equivalent-sized freehold three-bedders in most comparable D9 developments. Three-bedroom gross yield is approximately 3.6% at current rents, above the CCR average.
How does Sophia Residence compare to One Sophia on value?
Sophia Residence averages approximately $1,885 PSF versus One Sophia's $2,750 PSF — a gap of roughly $865 PSF or ~46%. Critically, One Sophia is a 99-year leasehold development, while Sophia Residence is freehold. On a like-for-like comparison, buying Sophia Residence gives permanent title at a substantially lower PSF than a new-launch leasehold neighbour. The trade-off is that One Sophia offers contemporary fitout, a new lease, and the commercial-residential mixed-use format of the former Peace Centre redevelopment. Buyers who prioritise tenure security and space over new-launch amenities will find Sophia Residence the more durable asset.
What is the gross rental yield at Sophia Residence?
Based on 2024–2025 rental transaction data, average gross yields at Sophia Residence range from approximately 3.6% for three-bedroom units to 3.7% for two-bedroom units, calculated against current transacted PSF. Three-bedroom units average $6,548/month in rent at recent data, four-bedroom units average $8,425/month. These yields are above the CCR average and reflect strong underlying demand from professionals, SMU staff and students, and the international community around Dhoby Ghaut. Net yield after maintenance, property tax, and vacancies would be approximately 2.8–3.1%.
Is Sophia Residence suitable for families with school-age children?
Sophia Residence is well-positioned for families, though it lacks the ultra-close primary school catchment advantage of some other districts. The development is within or near the 1 km radius of several schools, and the Dhoby Ghaut MRT access provides quick connectivity to schools across Singapore. The Mount Sophia neighbourhood itself is adjacent to NAFA and SMU, making it well-suited for families with older students or those at international schools accessible via MRT. The peaceful hillside setting, low-traffic Sophia Road frontage, and full-facilities estate environment are positives for family living.
What renovation budget should I expect when purchasing a resale unit?
Units in original or early-renovation condition at Sophia Residence will typically require $60,000–$100,000 for a comprehensive kitchen and bathroom refresh in a three-bedroom unit. GuocoLand's original finishings from 2014 were positioned at the premium mid-market tier and remain structurally sound; the renovation cost is primarily cosmetic modernisation. Units that have been renovated within the past 5–7 years may need only a light refresh ($20,000–$40,000). Always commission a thorough pre-purchase inspection to assess the condition of waterproofing, electrical systems, and air conditioning before committing.