RepoLens
Sheriff sale in execution·House·Absa

house in 586 GIDEON STREET, SIX FOUNTAINS RESIDENTIAL ESTATE, SIX FOUNTAINS X 9, SILVER LAKES

·Gauteng
Reserve price
R 4 000 000
Verified today
Auction date
26 Aug 2026 · 10:00
Case
2024-131122

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Bond + transfer costs

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Your purchase
Property priceR 4 000 000
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Deposit10%
R 400 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 38 391
per month for 20 years
Total interest
R5.6m
Total repaid
R9.2m
Upfront costs (not in the bond)
SARS transfer duty
R 237 600
Conveyancing fee
R 40 000
Bond registration
R 33 900
Deeds Office
R 2 650
Total upfront
R 314 150
All-in
Price plus every upfront cost you need at the deeds office
R 4 314 150

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

586 GIDEON STREET, SIX FOUNTAINS RESIDENTIAL ESTATE, SIX FOUNTAINS X 9, SILVER LAKES Foreclosing creditor: ABSA. Sale by Sheriff PRETORIA EAST.

Property

Erf number
586
Sale type
Sheriff sale in execution

Auction details

Venue
813 Stanza Bopape Street (formerly known as Church Street), Arcadia, Pretoria, Gauteng Province
Sheriff
Sheriff PRETORIA EAST
When
26 Aug 2026 · 10:00

Attorney

Firm
VZLR Inc Attorneys
Phone
(012) 4359444
Ref
MAT212670/E NIEMAND/ME
Case
2024-131122

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 VZLR Inc Attorneys on (012) 4359444 — quote ref MAT212670/E NIEMAND/ME 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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Source notice

Case No: 2024-131122 Docex: 97 Pretoria IN THE HIGH COURT OF SOUTH AFRICA (Gauteng Division, Pretoria) In the matter between: ABSA BANK, Execution Creditor and EBENEZER GBENGA OMOSHAGBA, (BORN ON: 26 APRIL 1986) - First Judgment Debtor and CHRISTINAH OMOSHAGBA, ID NR: 890402 0921 08 1 - Second Judgment Debtor NOTICE OF SALE IN EXECUTION 26 AUGUST 2026, 10:00, Sheriff PRETORIA EAST, Sheriff's Office, 813 Stanza Bopape Street (formerly known as Church Street), Arcadia, Pretoria, Gauteng Province A SALE IN EXECUTION is conducted in accordance with the Consumer Protection Act 68 of 2008 as amended, and further pursuant to a judgment order granted by the above Honourable Court against the Judgement Debtor on 5 November 2025 in the above action. A sale in execution with a reserve price of R 4 000 000.00 will be held by the Sheriff of the High Court, PRETORIA EAST at Christ Church, 820 Pretorius Street (Entrance also at 813 Stanza Bopape Street (formerly known as Church Street), Arcadia, Pretoria, Gauteng Province on WEDNESDAY, 26 AUGUST 2026 at 10H00 of the undermentioned property of the Judgment Debtors to the highest bidder, on the Conditions of Sale to be read by the Sheriff at the time of the sale, which Conditions of Sale will lie for inspection for FIFTEEN (15) days prior to the sale at the offices of the Sheriff, Pretoria East at 813 Stanza Bopape Street (formerly known as Church Street), Arcadia, Pretoria, Gauteng Province. CERTAIN: ERF 586 SIX FOUNTAINS EXTENSION 9 TOWNSHIP, REGISTRATION DIVISION J.R., GAUTENG PROVINCE. MEASURING: 770 (SEVEN HUNDRED AND SEVENTY) SQUARE METERS HELD BY THE JUDGMENT DEBTORS IN TERMS OF BY DEED OF TRANSFER NUMBER T 42924/2023. STREET ADDRESS: 586 GIDEON STREET, SIX FOUNTAINS RESIDENTIAL ESTATE, SIX FOUNTAINS X 9, SILVER LAKES. THE PROPERTY IS ZONED AS: Residential. Improvements are as follows: House with open plan Lounge, Dining Room and Kitchen, x 4 En-Suite Bedrooms, x 2 Garages, Pool, Plastered walls, Tile roof, Walls & Open front. No warranties regarding description, extent or improvements are given.In terms of Regulation 26 of the Consumer Protection Act 68 of 2008 potential bidders must register in the bidder's record with the Sheriff, prior to the sale, which registration must meet the requirements of the regulations in terms of the Financial Intelligence Centre Act, 38 of 2001. TERMS: 10% of the purchase price in cash to be paid on the day of the sale; the balance payable against registration of transfer-a guarantee to be furnished within TWENTY-ONE (21) days from the date of sale. Sheriff's charges, payable on the day of the sale, to be calculated as follows: 6% on the first One Hundred Thousand Rand (R100 000.00), 3,5% on One Hundred and One Thousand Rand (R100 001.00) to Four Hundred Thousand Rand (R400 000.00) and 1.5% on the balance of the proceeds of the sale, subject to a maximum commission of Forty Thousand Rand (R40 000.00) plus VAT in total and a minimum of Three Thousand Rand (R3 000.00) plus VAT. Dated at Pretoria, 30 JUNE 2026. Attorneys for Plaintiff(s): VZLR Inc Attorneys, Monument Office Park, 71 Steenbok Avenue, 1st Floor, Block 3, Monumentpark. Tel: (012) 4359444. Fax: (012) 435 9555. Ref: MAT212670/E NIEMAND/ME. -.

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.