No Reserve!
Auction ended
Sheriff auction
Vacant Stand on Auction in Mtwalume, Pennington
Unit 112 Longbeach, 29 Salmon Drive, Mtwalume
9m²
Size
This is a 1 Bedroom apartment within the Longbeach scheme, identified as Section 112. It has an allocated share of the common property. The property is sold voetstoots, and the improvements are listed as vacant stand.
Property valuation
Last sold price
Sale date
Municipal valuation
Suburb trend
Outstanding bond
Bond amount
Buying at a sheriff auction
How does a sheriff auction work?
The sheriff sells the property to the highest bidder on the auction day. Register with the sheriff before bidding and bring your ID and proof of address.
What deposit do I need?
Usually 10% of the purchase price on the day, plus the sheriff’s commission. You’ll need a bank guarantee for the balance within the period set in the conditions of sale.
Can I view the property before the auction?
Usually not — sheriff auctions are sold as-is (voetstoots). Recent sales and satellite imagery help you judge value without going inside.
What does “No Reserve” mean?
There is no minimum price. The property can be sold to the highest bid, subject to the plaintiff’s confirmation.