Reserve: R600,000
Auction ended
Sheriff auction
2 Bedroom Flat on Auction in Arboretum, Richards Bay
Unit 93 Loerie Park, 33 Olienhoutkoppie, Richards Bay
2
Bedrooms
1
Bathroom
1
Garage
84m²
Size
This is a 2 Bedroom apartment in Loerie Park featuring 1 bathroom and 1 lounge/dining room. It includes a kitchen and a garage. The property has a floor area of 84 square metres.
Property valuation
Last sold price
Sale date
Municipal valuation
Suburb trend
Outstanding bond
Bond amount
Recent sales in Loerie Park
There is a recent sale in this complex
Use this price to value this 84m² unit before you bid.
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.