Latest South African auctions offer value-for-money opportunities
With a broad range of properties across all price ranges and regions, BidX1’s next South African auctions on 2nd and 8th April offer buyers a number of value-for-money opportunities.
This includes first-time buyers but also investors looking to capitalise on the threshold adjustment whereby no transfer duty is payable on properties priced up to R1 million.
Says MC du Toit, CEO for BidX1 South Africa:
“Incorporated in the broad mix of properties at this next auction is a selection of bank sale residential properties which offer great value.
“An interesting property being offered on 2 April is a one-bedroom, luxury suite in the elegant Raphael Suites in Sandown, as well as a top floor unit in a luxury apartment complex in the heart of Cape Town’s Century City, with views of Table Mountain from the balcony.”
Du Toit adds: “As we observed from our last auction in February, while R500 000 up to R1.8 million is still a very popular price bracket, there is increasing interest in higher value stock.
“With our online auctions rapidly catching-on among buyers, we advise anyone interested in bidding to register early to allow sufficient time to view the property, peruse all the documentation and ensure they have all the information they need in order to make sound bidding and buying decisions.
“The accessibility and transparency that BidX1's online platform provides has opened up properties to a much wider buyer pool, enabling people to purchase property which historically may have been difficult for logistical reasons – and as a result, sellers also benefit."
Du Toit says the February auction achieved some notable sales, with very active bidding on a number of lots:
“We saw multiple bidders on almost all the lots, resulting in over 650 bids on the day. Market-related prices were achieved for properties which was good news, as sellers are seeing the value of an offer that is presented by a willing buyer,"
Clarens: A landmark 561ha farm in the scenic Eastern Free State, with 231ha of arable land, 22ha of grazing, four boreholes, a water bottling plant, cattle handling facilities and MTB and hiking route – with an opening bid of R8.5 million.
Century City: A top floor unit in a luxury apartment complex in the heart of Century City, with views from the balcony of Table Mountain and its own underground parking bay. It is ideally located in a tranquil spot just a few minutes’ stroll from Canal Walk Shopping Centre, Virgin Active and the Century City Conference Centre.
Kempton Park: A well-positioned three-bedroom home close to all amenities such as shopping malls, highways, schools and OR Tambo International Airport. It includes a sun room, heated pool and domestic quarters.
Scottburgh: With an opening bid of R850 000, this three-bedroom home is set on an erf of 1 212sqm in Scottburgh on the KwaZulu-Natal South Coast. Located in upmarket Freeland Park, within easy reach of the N2 freeway and a 40-minute drive to Durban and 50 minutes to Port Shepstone, the property offers easy access to Scottburgh Mall, the finest golf courses, schools and tourist attractions.
Krugersdorp: In the suburb of Rangeview, this five-bedroom home boasts an indoor pool, two lounges, two dining rooms, a study and entertainment area, along with garaging for three cars and carports for three cars.
Protea Ridge: Surrounded by similar types of smallholdings, a modern four-bedroom home with two kitchens, two living rooms, study and three garages. Set on an erf of 1.1648ha, the property goes on auction with an opening bid of R1.92 million.
Strand: A two-bedroom apartment on Beach Road main strip in Strand in the Western Cape. With sea and mountain views, and sold with all contents, this unit is part of a share block and has an opening bid of R800 000.
Hartbeespoort: Just 30 minutes from Fourways and Pretoria and only 15 minutes from Lanseria Airport, this huge family home of 800sqm, situated on a smallholding of 8.8ha in Hartbeespoort, has sweeping views of the Magaliesberg. Located in the Cradle of Humankind, it has five bedrooms and includes a cottage.
Sandown: An upmarket two-bedroom apartment on Katherine Street in Sandown, 200m from the Sandton Gautrain Station, with an opening bid of R1.9 million. Situated in a secure sectional title development with a swimming pool, the unit includes a lounge, balcony, kitchen and garage.
Nieuw Muckleneuk: Situated in an upmarket area in Pretoria is a double-storey, sectional title home with two bedrooms, both with en-suite bathrooms, plus laundry, store room and garage for three cars. The opening bid for this appealing home is R1.5 million.
De Kelders: A beautiful five-bedroom, double-storey home offers spacious family living, with a large farmhouse kitchen. With two garages plus a laundry, there are also approved plans for a 36sqm deck in front of the garage. This property has an opening bid of R1.32 million
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