Sheriff sale in execution·House·Standard Bank
2-bed house in Wright Park, Gauteng
·Gauteng
Reserve price
R 670 000
Bond + transfer costs
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Property priceR 670 000
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Deposit10%
R 67 000
Interest rate11.50%
SA prime 11.50%
Term20 years
240 months
Monthly bond
Repayment
R 6 431
per month for 20 years
Total interest
R940k
Total repaid
R1.5m
Upfront costs (not in the bond)
SARS transfer duty
Below R1.1m threshold — none payable
R 0
Conveyancing fee
R 17 870
Bond registration
R 14 930
Deeds Office
R 1 460
Total upfront
R 34 260
All-in
Price plus every upfront cost you need at the deeds office
R 704 260
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
2 bed, 1 bath. Foreclosing creditor: STANDARD BANK. Sale by Acting Sheriff SPRINGS will conduct the sale with auctio.
Property
- Bedrooms
- 2
- Bathrooms
- 1
- Erf number
- 197
- Sale type
- Sheriff sale in execution
Auction details
- Sheriff
- Acting Sheriff SPRINGS will conduct the sale with auctio
Attorney
- Phone
- 0123651887
- Case
- 7472/2020
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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.