RepoLens
Sheriff sale in execution·Sectional title·Absa

sectional title in Cape Town, Western Cape

·Western Cape
Reserve price
R 500 000
Verified today
Auction date
03 Sept 2026 · 10:00
Case
24914/2024

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We compare this reserve against 12 other sectional-title units we have gazetted in Cape Town, and against what the open market has actually done in the past year.

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Bond + transfer costs

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Your purchase
Property priceR 500 000
Drag or type the number below
Deposit10%
R 50 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 4 799
per month for 20 years
Total interest
R702k
Total repaid
R1.2m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 16 000
Bond registration
R 13 350
Deeds Office
R 1 000
Total upfront
R 30 350
All-in
Price plus every upfront cost you need at the deeds office
R 530 350

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

Floor area 52 m². Foreclosing creditor: ABSA.

Property

Floor area
52 m²
Sale type
Sheriff sale in execution

Auction details

Venue
SHERIFF'S OFFICE AT UNIT 1, 16 STRAND ROAD, BELLVILLE, WESTERN CAPE
When
03 Sept 2026 · 10:00

Attorney

Firm
FOURIE BASSON & VELDTMAN
Phone
(021) 929 2600
Ref
JF/SB/A5935
Case
24914/2024

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 FOURIE BASSON & VELDTMAN on (021) 929 2600 — quote ref JF/SB/A5935 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: 24914/2024 IN THE HIGH COURT OF SOUTH AFRICA (WESTERN CAPE DIVISION, CAPE TOWN) In the matter between: ABSA BANK LIMITED (First Plaintiff) and ABSA HOME LOANS GUARANTEE COMPANY (RF) (PTY) LIMITED (Second Plaintiff) and VUYISANANI METENI (Defendant) NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 03 SEPTEMBER 2026, 10:00, AT THE SHERIFF'S OFFICE AT UNIT 1, 16 STRAND ROAD, BELLVILLE, WESTERN CAPE In pursuance of a judgment granted by the above honourable court dated 27 February 2026, the undermentioned immovable property will be sold in execution on THURSDAY, 3 SEPTEMBER 2026 at 10:00 at the sheriff's office at Unit 1, 16 Strand Road, Bellville, Western Cape, to the highest bidder subject to a reserve price of R500 000,00; also subject to the following and further conditions which will be read out by the sheriff at the sale: A Unit consisting of; (a) Section 26 as shown and more fully described on Sectional Plan No. SS391/2022, in the scheme known as BELHAR LOFTS in respect of the land and building or buildings situated at BELLVILLE, IN THE CITY OF CAPE TOWN, CAPE DIVISION, WESTERN CAPE PROVINCE, of which section the floor area, according to the said section plan, is 52 (FIFTY TWO) SQUARE METRES in extent; and (b) an undivided share in the common property in the scheme apporitoned to the said section in accordance with the participation quota as endorsed on the said sectional plan. HELD by Deed of Transfer no ST1081/2023. Description: The following information is supplied, but nothing is guaranteed: The property is improved and consists of an improved sectional title unit or apartment constructed with plastered walls, a tiled roof and a concrete floor. The accommodation comprises bedrooms, bathrooms, a toilet, and a kitchen. The property further includes an allocated parking space. Conditions of payment: Ten percent (10%) of the purchase price of the above property must be paid immediately after the sale. The balance is payable against transfer and must be guaranteed by a bank guarantee approved by Plaintiffs' Attorneys, which guarantee must be handed to them within 21 days after the date of sale. The Purchaser must pay the sheriff's commission to the sheriff immediately after the sale. Conditions of sale: The full conditions lie for inspection at the offices of the Sheriff of the High Court, BELLVILLE (Ref. M A Maghlangu; Tel. 021 945 1852; E-mail. fixproperties@sheriffbelvilleh.co.za). Dated at TYGER VALLEY, 07 AUGUST 2026. Attorneys for Plaintiff(s): FOURIE BASSON & VELDTMAN, TIJGER PARK 5, OFF WILLIE VAN SCHOOR DRIVE, TYGER VALLEY, 7530. Tel: (021) 929 2600. Fax: (021) 914 6600. Ref: JF/SB/A5935.

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.