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9th Lane, Ethul Kotte
An excellent opportunity to acquire 22.8 perches of valuable residential land with a spacious, solidly constructed two-storey house situated at 9th Lane, Ethul Kotte, within the Sri Jayawardenepura Kotte Municipal Council limits. Located approximately 400 metres from Kotte Road, this property enjoys a peaceful, elevated and well-established residential neighbourhood, with convenient access to Rajagiriya, Battaramulla, Pitakotte, Nugegoda and other important destinations in Greater Colombo. The property features a substantial family residence of approximately 2,650 sq.ft., constructed around 20 years ago by its owners for their personal residential use. Although the existing exterior colour scheme may not reflect contemporary architectural preferences, the house offers a practical layout, spacious accommodation and considerable potential for modernisation. A significant advantage is the 22.8-perch land extent, offering flexibility for residential use, future redevelopment or possible subdivision into three residential blocks, subject to local authority approval. The surrounding Ethul Kotte–Rajagiriya corridor continues to attract residential development and infrastructure investment, supporting the area's long-term property investment appeal. The owners currently reside in the United Kingdom and are prepared to visit Sri Lanka when necessary to facilitate a successful transaction. All relevant property documents are reported to be in order. Property Overview - Location: 9th Lane, Ethul Kotte - Land Extent: 22.8 Perches - Property Type: Two-Storey Residential House - Total Floor Area: Approximately 2,650 sq.ft. - Building Age: Approximately 20 Years - Local Authority: Sri Jayawardenepura Kotte Municipal Council - Distance to Kotte Road: Approximately 400 Metres - Neighbourhood: Peaceful, Elevated and Established Residential Area Ground Floor Features - 2 Spacious Bedrooms - Separate Office Room - Spacious High-Ceiling Living Area - Pantry - Separate Wet Kitchen - Common Bathroom - Domestic Staff Room - Staff Bathroom Upper Floor Features - 3 Spacious Bedrooms - Family TV Lounge - Additional Pantry - 2 Common Bathrooms - Balconies Accessible from the Bedrooms General Property Features & Facilities - Solidly Constructed Two-Storey Family Residence - Approximately 15-Foot-Wide Motorable Access Road - Three-Phase Electricity Supply - Pipe-Borne Water Supply - Established Residential Neighbourhood - Convenient Access to Main Roads and Public Transportation - Approximately 400 Metres from Kotte Road - Spacious 22.8-Perch Land Extent - Located Within Sri Jayawardenepura Kotte Municipal Council Limits - Potential for Residential Renovation and Modernisation - Possible Land Subdivision, Subject to Relevant Approvals - Property Ownership Documents Reportedly in Order - Overseas Owners Available to Facilitate the Transaction Nearby Locations & Accessibility - Kotte Road: Approximately 400 Metres - Pitakotte: Shopping, Banking and Commercial Facilities - Rajagiriya: Commercial and Administrative Centre - Battaramulla: Government Institutions and Business Establishments - Thalawathugoda: Residential, Educational and Healthcare Facilities - Nugegoda: Shopping, Schools and Transportation Facilities - Leading National and International Schools: Conveniently Accessible - Banks, Supermarkets and Hospitals: Available in Surrounding Areas Residential & Investment Potential This property offers four attractive opportunities for prospective buyers: 1. Spacious Family Residence: A substantial two-storey home suitable for comfortable family living in a peaceful residential neighbourhood. 2. Renovation & Modernisation: An opportunity to upgrade the existing house into a contemporary residence according to individual preferences. 3. Land Subdivision & Redevelopment: Potential to subdivide the 22.8-perch property into up to three residential blocks, subject to survey feasibility and local authority approvals. 4. Long-Term Property Investment: A valuable landholding in an established residential area benefiting from convenient accessibility and ongoing regional development. An attractive opportunity to own a spacious family residence on 22.8 perches of valuable land in the highly desirable Ethul Kotte residential area. Viewing Arrangements Property inspections are strictly by prior appointment. The owners currently reside in the United Kingdom and are willing to visit Sri Lanka when required to finalise a mutually agreed transaction.
lankapropertyweb.comPosted 2 wk. ago
Rs 63,000,000
Fixed price
HariMila AI estimate
Rs 75.4–113M
Opens the original ad on lankapropertyweb.com
Approximate location from the source
Houses for sale in Colombo · last 30 days
Floor area
Smaller than 54%
2,650 sqft · median 2,800
Price per sqft
Rs 23,774
median Rs 19,429 / sqft
Based on 29 other 4 to 6 bedroom houses in Kotte on similar land
Rs 94,281,445
Likely range Rs 75.4M – Rs 113M
Asking price is 33% below the estimate.
From asking prices, not sale prices: a guide, not a valuation.
4,969 4–6 bedroom houses for sale in Colombo
3,896 priced Houses for sale in Colombo · tap a dot to open it
Houses for sale in Colombo · last 30 days
Median asking price · 7-day rolling
New listings per day · 4,251 in 30 days
This listing’s group: 5 bed, median Rs 68M
| 1 bed | Rs 15,500,000 | 13 listings |
|---|---|---|
| 2 bed | Rs 20,000,000 | 175 listings |
| 3 bed | Rs 28,000,000 | 979 listings |
| 4 bed | Rs 55,000,000 | 1672 listings |
| 5 bed | Rs 68,000,000 | 747 listings |
| 6+ bed | Rs 90,000,000 | 452 listings |
Houses for sale across Sri Lanka
| District | Listings | Median |
|---|---|---|
Closest matches by type, area and price
Listed on lankapropertyweb.com
Ad 5968767 · checked 12h ago
We show a summary and link to the original ad. Seller contact details stay on lankapropertyweb.com. We never store them.
This listing: Rs 63,000,000 at 2,650 sqft. Typical price ranges from Rs 922,181 to Rs 135,277,243.
4,251 |
| Rs 50M |
| Gampaha | 1,206 | Rs 37.5M |
|---|
| Kalutara | 189 | Rs 25M |
|---|
| Kandy | 109 | Rs 68.5M |
|---|
| Galle | 38 | Rs 56M |
|---|
| Badulla | 35 | Rs 35M |
|---|
| Kurunegala | 29 | Rs 32.5M |
|---|
| Nuwara Eliya | 22 | Rs 59M |
|---|
Where this segment is listed, and what each site’s sellers ask
| Site | Listings | Median |
|---|---|---|
4,025 | Rs 49M | |
219 | Rs 110M | |
7 | Rs 65M |
Share of listings in this segment · this listing’s value in bold
Seller
Tracked by Harimila since this ad first appeared
The same seller has 103 other active listings on Harimila.
No price changes since Harimila started tracking this ad.