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Sheriff sale in execution·House·Nedbank

2-bed house in Moleleki, Gauteng

·Gauteng
Reserve price
R 150 000
Verified today
Auction date
26 Aug 2026 · 09:00
Case
2023-087105

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Bond + transfer costs

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Your purchase
Property priceR 150 000
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Deposit10%
R 15 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 1 440
per month for 20 years
Total interest
R211k
Total repaid
R346k
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 11 800
Bond registration
R 9 885
Deeds Office
R 460
Total upfront
R 22 145
All-in
Price plus every upfront cost you need at the deeds office
R 172 145

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, ? bath. Foreclosing creditor: NEDBANK. Sale by Sheriff PALM RIDGE.

Property

Bedrooms
2
Erf number
3619
Sale type
Sheriff sale in execution

Auction details

Venue
36A LOUIS TRICHARDT AVENUE, ALBERTON NORTH
Sheriff
Sheriff PALM RIDGE
When
26 Aug 2026 · 09:00

Attorney

Firm
Hammond Pole Majola Inc C/o Vermaak & Partners Attorneys
Phone
0118741800
Ref
MAT454557/VM/AP
Case
2023-087105

How you buy this

  1. Every listing is free, and there's no account. You don't register with RepoLens and there's no login — every sale we hold is free to read, including the reserve, the auction date and who to contact. A paid subscription only adds earlier alerts and a comparison against similar lots. We publish what's up for auction; we don't sell it.
  2. You buy at the sheriff's auction, not from us. Contact Hammond Pole Majola Inc C/o Vermaak & Partners Attorneys on 0118741800 — quote ref MAT454557/VM/AP for the Nedbank sale. They give you the conditions of sale and confirm the auction is going ahead.
  3. Ask what's owing before you bid. The reserve isn't the whole story — rates, municipal charges and body-corporate levies can land on the buyer. Ask the attorney or sheriff what rates and levies are outstanding before you bid.

Full detail on deposits, FICA and registering as a bidder is in the buyer FAQ.

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Source notice — Government Gazette No. 55117, 7 August 2026

Case No: 2023-087105 IN THE HIGH COURT OF SOUTH AFRICA (GAUTENG DIVISION, JOHANNESBURG) In the matter between: Nedbank Limited, Judgement Creditor and Solomon Ngcobo, Judgment Debtor NOTICE OF SALE IN EXECUTION 26 AUGUST 2026, 09:00, 36A LOUIS TRICHARDT AVENUE, ALBERTON NORTH IN Execution of a Judgment of the High Court of South Africa, (Gauteng Division, Johannesburg) in the abovementioned suit, the Property shall be sold by the Sheriff PALM RIDGE to the highest bidder subject to a reserve price of R150 000.00 and will be held at 39A LOUIS TRICHARDT STREET, ALBERTON NORTH on 26 AUGUST 2026 at 09H00 of the undermentioned property of the Execution Debtor on the conditions which may be inspected at 39A LOUIS TRICHARDT AVENUE, ALBERTON NORTH, prior to the sale. CERTAIN : ERF 3619 MOLELEKI EXTENSION 1 TOWNSHIP, Registration Division I.R., Province of GAUTENG , being 3619 MOLELEKI EXTENSION 1, KATLEHONG MEASURING: 260 (TWO HUNDRED AND SIXTY) Square Metres; HELD under Deed of Transfer No. T46890/2008 Situated in the Magisterial District of PALM RIDGE. The following information is furnished re the improvements, though in this respect nothing is guaranteed and no warranties are given in respect thereof. It is the buyers' responsibility to verify what is contained herein. MAIN BUILDING: LOUNGE, KITCHEN, 2 BEDROOMS, BATHROOM OUTSIDE BUILDINGS: NONE 122 No. 55117 GOVERNMENT GAZETTE, 07 AUGUST 2026 SUNDRIES: NONE. All prospective purchasers will be required to register as such in terms of the Consumer Protection Act 68 of 2008 and will be required to provide proof of identity and address and to comply with the sheriff's registration conditions. The rules of the Auction and conditions of sale are available at the office of the sheriff as set out above. The auction will be conducted by the sheriff, Mr Ian Burton, or his Deputy Advertising costs at the current publication rates and dale costs according to court rules, apply. Registration as a buyer is a pre - requisite subject to conditions, inter alia: Directive of the Consumer Protection Act 68 of 2008 (URL http://www.info.gov.za/view/DownloadFileAction?!d=99961) Auction Terms and Conditions and the Conditions of sale may be inspected at THE SHERIFF'S OFFICE, SHERIFF PALM RIDGE, 39A LOUIS TRICHARDT STREET, ALBERTON NORTH, 24 hours prior to the auction. All bidders are required to present their Identity Document together with their Proof of residence for FICA compliance. All bidders are required to pay R25 000.00 (PHYSICAL AUCTION) / R40 000.00 (ONLINE AUCTION) (refundable) registration fee prior to the commencement of the auction in order to obtain a buyers card. Dated at HP Majola Inc, Boksburg, 07 JULY 2026. Attorneys for Plaintiff(s): Hammond Pole Majola Inc C/o Vermaak & Partners Attorneys, 3rd Floor 54 on Bath Avenue, Rosebank. Tel: 0118741800. Fax: 0866781356. Ref: MAT454557/VM/AP. HP Majola Inc, Boksburg.

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.