Sheriff sale in execution·Farm / smallholding·Absa
2-bed farm in Bloemfontein, Free State
·Free State
Reserve price
R 600 000
Auction date
08 Dec 2022
Case
3173/2023
Bond + transfer costs
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Property priceR 600 000
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Deposit10%
R 60 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 5 759
per month for 20 years
Total interest
R842k
Total repaid
R1.4m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 17 100
Bond registration
R 14 300
Deeds Office
R 1 000
Total upfront
R 32 400
All-in
Price plus every upfront cost you need at the deeds office
R 632 400
Estimate only. Transfer duty is the SARS Budget 2024 scale (still in force). Conveyancing and bond-registration fees use the LPC recommended scale — actual fees vary by attorney. Confirm with the conveyancer the seller bank appoints before bidding at a sheriff sale.
Description
2 bed, 1 bath. Foreclosing creditor: ABSA. Sale by Sheriff of the High Court BLOEMFONTEIN WEST.
Property
- Bedrooms
- 2
- Bathrooms
- 1
- Sale type
- Sheriff sale in execution
Auction details
- Sheriff
- Sheriff of the High Court BLOEMFONTEIN WEST
- When
- 08 Dec 2022
Attorney
- Phone
- 012) 807
- Case
- 3173/2023
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RepoLens aggregates publicly published Government Gazette sale-in-execution notices and bank repo feeds. Reserve prices, auction dates and venue details should always be confirmed with the listed attorney before attending. Property descriptions are extracted from the Gazette text.