Sheriff sale in execution·Flat·Nedbank
2-bed flat in MANGROVE BEACH CENTRE, 91 SOMTSEU ROAD
·KwaZulu-Natal
Reserve price
R 591 000
Bond + transfer costs
Open full calculator →Your purchase
Property priceR 591 000
Drag or type the number below
Deposit10%
R 59 100
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 5 672
per month for 20 years
Total interest
R829k
Total repaid
R1.4m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 17 001
Bond registration
R 14 219
Deeds Office
R 1 000
Total upfront
R 32 220
All-in
Price plus every upfront cost you need at the deeds office
R 623 220
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
SECTION 47, MANGROVE BEACH CENTRE, 91 SOMTSEU ROAD 2 bed, 1 bath. Foreclosing creditor: NEDBANK.
Property
- Bedrooms
- 2
- Bathrooms
- 1
- Floor area
- 76 m²
- Sale type
- Sheriff sale in execution
Auction details
Attorney
- Firm
- Strauss Daly Attorneys
- Phone
- 0315705603
Know your total buy-in cost
Use the bond calculator above to estimate monthly instalments, transfer duty, and total costs at the current prime rate.
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. RepoLens is not affiliated with any bank, attorney, bond originator, or financial services provider.