RepoLens
Sheriff sale in execution·Sectional title·Nedbank

sectional title in Cape Town, Western Cape

·Western Cape
Reserve price
R 680 000
Verified today
Auction date
18 Aug 2026 · 10:00
Case
7416/2024

Is this reserve any good?

We compare this reserve against 6 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 680 000
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Deposit10%
R 68 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 6 527
per month for 20 years
Total interest
R954k
Total repaid
R1.6m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 17 980
Bond registration
R 15 020
Deeds Office
R 1 460
Total upfront
R 34 460
All-in
Price plus every upfront cost you need at the deeds office
R 714 460

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 57 m². Foreclosing creditor: NEDBANK.

Property

Floor area
57 m²
Sale type
Sheriff sale in execution

Auction details

Venue
premises, 601 Parkhill Place, Parklands Main Road and Sandown Road, Parklands
When
18 Aug 2026 · 10:00

Attorney

Firm
FOURIE BASSON & VELDTMAN
Phone
(021) 929 2600
Ref
JF/MVH/N2802
Case
7416/2024

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/MVH/N2802 for the Nedbank 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: 7416/2024 IN THE HIGH COURT OF SOUTH AFRICA (WESTERN CAPE DIVISION, CAPE TOWN) In the matter between: NEDBANK LIMITED (Plaintifff) and SIMNIKIWE MLONDOLOZI GULW (Defendant) NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 18 AUGUST 2026, 10:00, at the premises, 601 Parkhill Place, Parklands Main Road and Sandown Road, Parklands In pursuance of a judgment granted by the above honourable court dated 17 October 2025, the undermentioned immovable property will be sold in execution on TUESDAY 18 AUGUST 2026 at 10:00 by the Sheriff of the High Court, CAPE TOWN NORTH, at the premises, 601 Parkhill Place, Parklands Main Road and Sandown Road, Parklands, Western Cape, to the highest bidder subject to a reserve price of R680 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 no 601 as shown and more fully described on Sectional Plan no SS386/2021, in the scheme known as PARKHILL PLACE in respect of the land and building or buildings situate at PARKLANDS, in the City of Cape Town, of which the floor area, according to the said sectional plan, is 57 (fifty seven) square metres in extent; and (b) an undivided share in the common property in the scheme apportioned to the said section in accordance with the participation quota as endorsed on the said sectional plan; held by Deed of Transfer no ST2165/2022. Description: The following information is supplied, but nothing is guaranteed: The property is a plastered flat under a tiled roof. The flat has one bedroom, one bathroom, a lounge, a kitchen and a parking bay. The property is zoned as a general residential property and is in an average area and in an average condition. Property has burglar bars and safety gates. Property is in a 24 hour security complex. Conditions of payment: Ten percent (10%) of the purchase price plus all sheriff's commission must be paid immediately after the sale. The balance is payable against transfer and must be guaranteed by a bank guarantee approved by Plaintiff's Attorneys, which guarantee must be handed to them within 21 days after the date of sale. Conditions of sale: The full conditions lie for inspection at the offices of the Sheriff of the High Court, Cape Town North (Ref: A Titus; Tel. 021 556 2818). Dated at TYGER VALLEY, 07 AUGUST 2026. Attorneys for Plaintiff(s): FOURIE BASSON & VELDTMAN, Tijger Park 5, Off Willie van Schoor Avenue, Tyger Valley. Tel: (021) 929 2600. Fax: -. Ref: JF/MVH/N2802.

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.