RepoLens
Sheriff sale in execution·House·Nedbank

2-bed house in Section 138, Unit 19-03 Lake Xanadu, 2 Dogplum Road, Summerset Extension 30, Midrand

·Gauteng
Reserve price
R 450 000
Verified today
Auction date
25 Aug 2026 · 11:00
Case
36454/2024

Is this reserve any good?

We compare this reserve against 91 other houses we have gazetted in Johannesburg, and against what the open market has actually done in the past year.

See the comparison

Bond + transfer costs

Open full calculator →
Your purchase
Property priceR 450 000
Drag or type the number below
Deposit10%
R 45 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 4 319
per month for 20 years
Total interest
R632k
Total repaid
R1.0m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 15 400
Bond registration
R 12 855
Deeds Office
R 1 000
Total upfront
R 29 255
All-in
Price plus every upfront cost you need at the deeds office
R 479 255

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 138, Unit 19-03 Lake Xanadu, 2 Dogplum Road, Summerset Extension 30, Midrand Floor area 80 m². 2 bed, 2 bath. Foreclosing creditor: NEDBANK. Sale by Sheriff of the High Court HALFWAY HOUSE- ALEXANDRA.

Property

Bedrooms
2
Bathrooms
2
Floor area
80 m²
Sale type
Sheriff sale in execution

Auction details

Sheriff
Sheriff of the High Court HALFWAY HOUSE- ALEXANDRA
When
25 Aug 2026 · 11:00

Attorney

Phone
(012) 807 3366
Ref
L4734/DBS/S BALKISHUN/KM
Case
36454/2024

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 Sheriff of the High Court HALFWAY HOUSE- ALEXANDRA 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.

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.
Bond calculator

Get an email when new Gauteng repossessions like this appear

One email per week, listing new sale-in-execution notices that match this filter. One-click unsubscribe in every email.

We use your email only to send these alerts. Unsubscribe at any time. Hosted by Tunelo in South Africa.

Source notice — Government Gazette No. 55187, 7 August 2026

Case No: 36454/2024 IN THE HIGH COURT OF SOUTH AFRICA (GAUTENG DIVISION, JOHANNESBURG) In the matter between: NEDBANK LIMITED, Plaintiff, and GONTSE MASILO, Defendant NOTICE OF SALE IN EXECUTION 2026-08-25, 11:00, THE SHERIFF’S OFFICE, HALFWAY HOUSE-ALEXANDRA: UNIT 10 INNOVATION WORX, 90 RICHARDS DRIVE, HALFWAY HOUSE In pursuance of a judgment granted by this Honourable Court on 13 AUGUST 2025, and a Warrant of Execution issued on 13 NOVEMBER 2025, the undermentioned immovable property will be sold in execution subject to a reserve price in the amount of R450 000.00, by the Sheriff of the High Court HALFWAY HOUSE- ALEXANDRA at THE SHERIFF'S OFFICE, HALFWAY HOUSE-ALEXANDRA: UNIT 10 INNOVATION WORX, 90 RICHARDS DRIVE, HALFWAY HOUSE on 25 AUGUST 2026 at 11H00, to the highest bidder. 16  No. 55187 GOVERNMENT GAZETTE, 7 August 2026 Full Conditions of Sale may be inspected at the offices of the SHERIFF OF THE HIGH COURT, HALFWAY HOUSE-ALEXANDRA: SAME AS ABOVE, whom shall hold the sale and shall read out the Conditions of sale prior to the sale in execution. The Sheriff, Execution Creditor and/or the Execution Creditor's Attorneys do not give any warranties with regard to the description and/or improvements of the immovable property. A UNIT CONSISTING OF - (a) SECTION NUMBER 138 AS SHOWN AND MORE FULLY DESCRIBED ON SECTIONAL PLAN NUMBER SS733/2014, IN THE SCHEME KNOWN AS LAKE XANADU IN RESPECT OF THE LAND AND BUILDING OR BUILDINGS SITUATE AT SUMMERSET EXTENSION 30 TOWNSHIP, LOCAL AUTHORITY: CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY, OF WHICH SECTION THE FLOOR AREA, ACCORDING TO THE SAID SECTIONAL PLAN, IS 80 (EIGHTY) SQUARE METRES IN EXTENT AND; (b) AN UNDIVIDED SHARE IN THE COMMON PROPERTY IN THE SCHEME APPORTIONED TO THE SAID SECTION IN ACCORDANCE WITH THE PARTICIPATION QUOTA AS ENDORSED ON THE SAID SECTIONAL PLAN. HELD BY DEED OF TRANSFER NUMBER ST65916/2022 SUBJECT TO SUCH SONDITIONS AS ARE MENTIONED OR REFERRED TO IN THE SAID DEED (also known as: SECTION 138, UNIT 19-03 LAKE XANADU, 2 DOGPLUM ROAD, SUMMERSET EXTENSION 30, MIDRAND, GAUTENG) MAGISTERIAL DISTRICT: JOHANNESBURG ZONING: RESIDENTIAL IMPROVEMENTS: (Not Guaranteed) MAIN BUILDING: SINGLE STOREY/ ATTACHED, WALLS: BLOCK, ROOF: TILE, FLOORS: TILES, ROOMS: LOUNGE, DINING ROOM, 2 BEDROOMS, 2 BATHROOMS, 2 SHOWERS, KITCHEN, 2 TOILETS TAKE FURTHER NOTICE THAT: 1. The Sale will be augmented with a timed online sale commencing on the Thursday prior to the live sale at 11H00. 2. The highest bid obtained will then serve as the opening bid at the live and online sale. 3. Should no higher offer be achieved at the live auction, the highest bid made during the timed auction shall be viewed as the highest and final bid. 4. Registration for participation on webcast auction at shha.online. 5. All terms and conditions available on shha.online or at Unit 10 Innovation Worx, 90 Richards Drive, Halfway House, Midrand. 6. The registration fee for the buyers will be R50 000.00. Dated at: PRETORIA, 2026-07-29. VELILE TINTO & ASSOCIATES INC., TINTO HOUSE, CNR SOLOMON MAHLANGU (PREVIOUSLY HANS STRIJDOM) & DISSELBOOM STREETS, WAPADRAND, Tel. (012) 807 3366, Fax. 086 206 8695, Ref. L4734/DBS/S BALKISHUN/KM.

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.