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Sheriff sale in execution·House·Absa

2-bed house in 12 Rutland Street, Springs Central, Springs

·Gauteng
Reserve price
R 465 000
Verified today
Auction date
19 Aug 2026 · 11:00
Case
2023-030435

Bond + transfer costs

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Your purchase
Property priceR 465 000
Drag or type the number below
Deposit10%
R 46 500
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 4 463
per month for 20 years
Total interest
R653k
Total repaid
R1.1m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 15 580
Bond registration
R 13 004
Deeds Office
R 1 000
Total upfront
R 29 584
All-in
Price plus every upfront cost you need at the deeds office
R 494 584

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

12 Rutland Street, Springs Central, Springs 2 bed, 2 bath. Foreclosing creditor: ABSA.

Property

Bedrooms
2
Bathrooms
2
Erf number
1540
Sale type
Sheriff sale in execution

Auction details

Venue
99 - 8th Street, Springs TAKE NOTICE that
When
19 Aug 2026 · 11:00

Attorney

Firm
Smit Sewgoolam Inc
Phone
011 646 0006
Ref
JE/JA/MAT44538
Case
2023-030435

How you buy this

  1. It's free, and there's no account. You don't register with RepoLens — everything here is free to view and there's no login. We publish what's up for auction; we don't sell it.
  2. You buy at the sheriff's auction, not from us. Contact Smit Sewgoolam Inc on 011 646 0006 — quote ref JE/JA/MAT44538 for the Absa 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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Use the bond calculator above to estimate monthly instalments, transfer duty, and total costs at the current prime rate.
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Source notice — Government Gazette No. 55078, 31 July 2026

Case No: 2023-030435 DOCEX 125, JHB IN THE HIGH COURT OF SOUTH AFRICA (Gauteng Local Division, Johannesburg) In the matter between: ABSA BANK LIMITED, FIRST PLAINTIFF, ABSA HOME LOANS GUARANTEE COMPANY (RF) PTY LTD, SECOND PLAINTIFF and ROBERT DUBAZANE, Defendant NOTICE OF SALE IN EXECUTION 19 AUGUST 2026, 11:00, 99 - 8th Street, Springs TAKE NOTICE that in pursuance of a Judgment of the above Honourable Court in the above case on 03 FEBRUARY 2025 and in execution of a Writ of Execution of immovable property, the following property will be sold by the Sheriff of the High Court for the district of SPRINGS on 19 AUGUST 2026 at 11:00 at 99 - 8TH STREET, SPRINGS or by way of online auction (depending on level of restriction ito disaster management act), to the highest bidder, subject to a reserve price of R465 000.00: CERTAIN: ERF 1540 SPRINGS EXTENSION TOWNSHIP, REGISTRATION DIVISION I.R., THE PROVINCE OF GAUTENG; MEASURING: 495 (FOUR HUNDRED AND NINETY FIVE) SQUARE METRES; HELD: Under Deed of Transfer T8477/2019; SITUATE AT: 12 RUTLAND STREET, SPRINGS CENTRAL, SPRINGS; ZONING: SPECIAL RESIDENTIAL (NOTHING GUARANTEED); IMPROVEMENTS: The following information is furnished but not guaranteed: The property situated at 12 RUTLAND STREET, SPRINGS CENTRAL, SPRINGS consists of: Lounge, Family Room, Dining Room, Kitchen, Master Bedroom, 2 x Bedrooms, 2 x Bathrooms, Single Garage, Carport and 2 x Outbuildings (The nature, extent, condition and existence of the improvements are not guaranteed); The Purchaser shall in addition to the Sheriff's commission, which is 6% (Six Percent) on the first R100 000.00, 3.5% on R100 001.00 to R400 000.00 and 1.5% on the balance of the proceeds of the sale up to a maximum fee of R40 000.00 (Forty Thousand Rand) in total and a minimum of R3 000.00 (Three Thousand Rand), pay a deposit of 10% of the purchase price in cash or bank guarantee cheque or EFT into the Sheriff's trust account immediately upon closing of the bid and the balance against transfer which shall be secured by a Bank guarantee in a form acceptable to Plaintiff's conveyancers, which guarantee shall be delivered by the Purchaser to the Sheriff within (21) days from the date of the sale and shall provide for the payment of the full balance and any such interest payable as provided for hereunder. Possession of the property may be taken once the purchaser has complied with the Conditions of Sale, including payment of the deposit and furnishing of the required guarantee. The purchaser shall be liable for occupational rental calculated at 1% of the purchase price per month, from the date of 40 No. 55078 GOVERNMENT GAZETTE, 31 JULY 2026 possession. The Rules of this auction are available 24 hours before the auction at the office of the SHERIFF SPRINGS, 99 - 8TH STREET, SPRINGS. The SHERIFF SPRINGS will conduct the sale. Registration as a buyer is a pre-requisite subject to conditions, inter alia: A) Directive of the Consumer Protection Act 68 of 2008. (URLhttp://www.info.gov.za/view/ DownloadFileAction?id=99961) B) FICA - legislation i.r.o. proof of identity and address particulars. C) Payment of a Registration Fee. D) Registration conditions of the Consumer Protection Act 68 of 2008. The aforesaid sale shall be subject to the Conditions of Sale which may be inspected at the office of the SHERIFF SPRINGS, 99 - 8TH STREET, SPRINGS, during normal office hours Monday to Friday, Tel: 011 362 4386, or at the offices of the attorneys acting for the Execution Creditors/Plaintiffs: SMIT SEWGOOLAM INC., 12 AVONWOLD ROAD, CNR JAN SMUTS AVENUE, SAXONWOLD, JOHANNESBURG, TEL 011 646 0006 (REF: JE/JA/MAT44538). Dated at JOHANNESBURG, 26 JUNE 2026. Attorneys for Plaintiff(s): Smit Sewgoolam Inc, 12 Avonwold Road, Cnr Jan Smuts Avenue, Private Bag 836, Saxonwold, Johannesburg. Tel: 011 646 0006. Fax: 011 646 0016. Ref: JE/JA/MAT44538.

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.