Sheriff sale in execution·Farm / smallholding
farm in Eastern Cape
Address omitted from gazette notice·Eastern Cape
Reserve price
R 1 539 231
Bond + transfer costs
Open full calculator →Your purchase
Property priceR 1 539 231
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Deposit10%
R 153 923
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 14 773
per month for 20 years
Total interest
R2.2m
Total repaid
R3.5m
Upfront costs (not in the bond)
SARS transfer duty
R 13 979
Conveyancing fee
R 25 544
Bond registration
R 21 597
Deeds Office
R 2 190
Total upfront
R 63 310
All-in
Price plus every upfront cost you need at the deeds office
R 1 602 541
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
Property
- Sale type
- Sheriff sale in execution
Auction details
- Venue
- the Sheriff of the High Court, 75 Longfellow Street, Quiqney, East London Property Description: PORTION 15 OF FARM NO 1016, DIVISION OF EAST LONDON, PROVINCE OF THE EASTERN CAPE IN EXTENT 22,5397 (TWENTY TWO COMMA FIVE THREE NINE SEVEN) HECTARES and which property is held by Defendant in terms of Deed of Transfer No
Attorney
- Firm
- Drake Flemmer & Orsmond Attorneys
- Phone
- 043 722 4210
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.