1 MBALI STREET - MR297183

House in East London, East London, Eastern Cape

Up to R 400,000

Standard Bank SIE Sale In Execution Property

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1
404m2
404m2
1 MBALI STREET - MR297183
House in East London, East London, Eastern Cape
Up to R 400,000
Standard Bank SIE Sale In Execution 2 Bedroom House for Sale in East London - MR297183
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Reduced from 360,000
( 2.78 % Discount)

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Front View of property in East London
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Front View of property in East London
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Front View of property in East London
2
1
404m2
404m2

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Key Features

Rooms

  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Living Rooms

Kitchen

  • 1 Kitchen

More Features

  • Property Type - House
  • Seller Type - Standard Bank SIE Sale In Execution
  • Floor Area - 404m2
  • Erf Size - 404m2

MyRoof Stats

  • 978 Views
PID=297183 DID=310127 SID=22

Sheriff Auction

Conditions of sale at a sheriff auction:
A sale agreement is signed by the sheriff and the buyer. The buyer's responsibilities include:

  • Paying a deposit of 10% of the purchase price in cash or a bank guaranteed cheque, immediately on buying.
  • Paying commission on date of purchase by the buyer.
  • Guarantees for the balance of the purchase price, together with interest within 14 or 30 days
  • The buyer is responsible for the payment of any outstanding levies, water and electricity, rates and taxes.
  • The buyer is responsible for occupation of the property

A sale in execution is a public auction held by a Sheriff of the Court. This means a court order has been obtained by us to attach and sell the property to recover the money that has not been repaid on a home loan. We cannot accept or decline offers on these properties as we are not the legal owners. These properties are advertised in the Government Gazette as well as in any two local newspapers distributed in the area in which the property is situated. We also market these properties to estate agents and the public.

The purchaser shall immediately on demand pay the sheriff's commission calculated as follows:
  • 6% on the first R100 000.00, and
  • 3.5% on R100 001.00 to R400 000.00, and
  • 1.5% on the balance of the proceeds of the sale,
subject to a maximum commission of R40 000.00, plus VAT, in total and a minimum of R3 000.00, plus VAT, (inclusive in all instances of the sheriff’s bank charges and other expenses incurred in paying the proceeds into his or her trust account).

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Notes by Standard Bank

This is a Standard Bank Sale In Execution SIE Property. Email any queries to StandardBank@myroof.co.za.

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If you require finance for this property, you can apply at any bank for a bond, as you would do on any other property. You need to take the signed Offer to Purchase to them with the application documentation. Read Standard Bank frequently asked questions for more info about Standard Bank SIE Sale In Execution Property

Standard Bank Disclaimer
This list is produced by the Standard Bank of South Africa Ltd ("the Bank") for information purposes only. All properties are sold "voetstoots" (meaning as is), and prospective purchasers' are advised that the Bank does not guarantee vacant occupation of the properties being sold, and purchasers will have to obtain vacant occupation at their own cost. You are advised to consult the relevant Deeds Registry Office for accurate information pertaining to a particular property, such as size, endorsements, servitudes etc. By making an offer on any property advertised on MyRoof.co.za, online, or using any other medium you warrant that you understand that making an offer is not a binding process and Standard Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason and is not obliged to accept the highest offer. All users of the information on this website do so at their own risk. Neither the Bank nor MyRoof.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect result of the use of the information on this list.

Erf Details: 1 MBALI STREET - ERF 34838 EAST LONDON

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Notes about this property by MyRoof

This house is for sale in East London. This is a Standard Bank SIE Sale In Execution Property .

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East London has the following point of interest, these include Berlin (42.7km), Bisho (64.5km), East London, Kei Mouth (Keimond) (84.3km), King William's Town (57.9km), Macleantown (36.7km), Port Alfred (143.1km), Port Elizabeth (285.9km) and Stutterheim (82km)

This single storey house floor area was measured at 404m2 and erf size was measured at 404m2.

To buy this property you need to be present at the Sheriff auction as indicated when clicking the "Contact Details" button.

Interested in selling your property in East London? Via MyRoof, you can market house in a few easy steps, with professional help, every step of the Sell My House way. We've achieved 157 private property sales in East London. Because of our superior offering, there is a high demand from people to sell property in East London. To market your house online for free, click on the "Sell My Property" tab at the top of the page or the "Sell House" button on the right of this page.

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