Repossessed

Repossessed House For Sale From R50 000 In Durban

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Repossessed

Repossessed houses for sale from R300,000 and up are currently available in Durban, but listings specifically from R50,000 are extremely rare. Properties in this category are mostly found starting at R300,000, such as:

  • 3-bedroom house in Marianhill (Pinetown Central) – R300,000[2].
  • 3-bedroom house in Dassenhoek – R300,000[2].
  • 1-bedroom apartment in Durban CBD – R350,000[2].
  • 1-bedroom flat in Durban Central – R370,000[5].
  • 2-bedroom apartment in Bulwer – R380,000[3].
  • 2-bedroom house in Kwandengezi – R390,000[3].

Buyers can filter and browse a range of repossessed or bank property listings via dedicated platforms. Major property portals, such as Private Property, MyRoof, and Property24, regularly update available options and occasionally include auction or negotiable listings that may fall below standard pricing, especially for properties needing extensive repairs[2][5][6].

Those seeking repossessed homes at the lowest entry points (R50,000–R300,000) should consider:

  • Monitoring bank auctions, as some properties in poor condition may occasionally be listed at very low reserves, particularly as “sale in execution” entries[2].
  • Contacting bank property divisions directly, such as Nedbank or Absa, to enquire about upcoming auctions or direct repossessed sales[7].
  • Checking frequently for new listings, as stock and pricing in this segment changes rapidly and availability at very low prices is limited[1][2][6].

When buying repossessed property, note:

  • Properties are sold “as is” and may require significant repairs or legal processes for transfer[7].
  • The purchase process may take longer than standard transfers, and vacant occupation is not always guaranteed[7].

References

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