Sheriff sale in execution·House·Nedbank
3-bed house in Modelpark, Mpumalanga
·Mpumalanga
Reserve price
R 900 000
Auction date
06 Oct 2023
Case
2979/2023
Bond + transfer costs
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Property priceR 900 000
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Deposit10%
R 90 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 8 638
per month for 20 years
Total interest
R1.3m
Total repaid
R2.1m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 20 400
Bond registration
R 17 000
Deeds Office
R 1 460
Total upfront
R 38 860
All-in
Price plus every upfront cost you need at the deeds office
R 938 860
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
3 bed, 2 bath. Foreclosing creditor: NEDBANK. Sale by Sheriff of the High Court WITBANK.
Property
- Bedrooms
- 3
- Bathrooms
- 2
- Erf number
- 242
- Sale type
- Sheriff sale in execution
Auction details
- Sheriff
- Sheriff of the High Court WITBANK
- When
- 06 Oct 2023
Attorney
- Phone
- 012) 807
- Case
- 2979/2023
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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.