Home buyers embrace hassle-free on-line auctions

UPDATE: Pam Golding Auctions has just launched its new Online Property Auctions Platform.

With lockdown lifestyles having pushed the envelope for technological innovations globally and locally, a growing number of South African home buyers have discovered the convenience and value of buying residential property via on-line auctions.

In just 14 months to December 2021, Pam Golding Auctions successfully concluded the sale of 56 properties to a total value of R172.5 million. These include the sale of two prime-located, luxury apartments in Mouille Point on the Atlantic Seaboard in Cape Town for R11.5 million and R10.5 million respectively.

In addition, a 1060sqm vacant stand with panoramic views to Table Mountain in sought after Baronetcy Estate in Plattekloof in Cape Town’s Northern Suburbs, was snapped up within 24 hours of the catalogue for this year’s first online auction becoming available, achieving a price of R3.5 million from a cash buyer.

Says Tania Smit, head of Pam Golding Auctions: “Properties are priced to sell on the day because sellers want to conclude a sale quickly and are therefore prepared go to market with guide prices below the previous list price, and are also open to offers prior to the auction – short-circuiting the process even further.”

Some of the gems available on this forthcoming Pam Golding Auction – powered by BidX1 – on 24 February 2022 include some spectacular homes ranging from stately elegance and bushveld tranquillity to coastal penthouse luxury with breath-taking ocean views and trendy, urban convenience.

Overlooking the dam in Blue Gill Estate in the accessibly located hub of Kempton Park – in easy reach of Johannesburg and OR Tambo International Airport, Midrand and Pretoria, an expansive four-bedroom mansion with double-volume entrance hall, exquisite bedrooms, spacious entertainment areas, bar, wine cellar and four garages has a guide price of R7 million. The guide price is within 10% of the reserve price and is not an indication of the valuation or anticipated selling price of the property.

Coastal properties ideal for permanent living or the perfect holiday getaway include a stylish three-bedroom, three-bathroom corner apartment in the first phase of Pebble Beach in upmarket Sibaya on the KwaZulu-Natal North Coast. Overlooking a private garden and with elegant finishes, the apartment has air conditioning throughout while the complex has a relaxing roof-top entertainment area with beautiful sea views, two swimming pools, children’s pool and play area and 24-hour security. The guide price is R4.1 million.

Also on the KZN coastline north of Durban is a fully-furnished, three-bedroom, two-bathroom apartment with direct access in Sheffield Beach, with a guide price of R3.1 million, excluding the price of the furniture, which can be negotiated. The complex includes a communal swimming pool and tennis courts. Meanwhile, with spectacular breaker-views, a three-bedroom, two-bathroom penthouse in an exclusive complex in Margate on the KwaZulu-Natal South Coast is available for purchase with a guide price of R1 million.

For those seeking the peace of mind of being at one with nature, enjoy the best of both worlds with a spacious five-bedroom, five-bathroom home on the edge of the kloof and with ocean views in Noorsekloofpunt in Jeffreys Bay. With a guide price of R3.25 million, and including a self-contained one-bedroom flat with its own entrance, this is an ideal investment opportunity as a guesthouse / B&B or as a spacious family home.

In peaceful Bedford in the Eastern Cape, with a guide price of R3.1 million, an impressive six-bedroom home set on 5 000sqm of beautiful, well-established gardens nestles at the bottom of a mountain. The property includes a four-bedroom, Moroccan inspired homestead, a two-bedroom (en-suite) guest cottage, herb garden and triple garage.

Among other appealing properties on auction offering excellent value and investment opportunities are two vacant plots in secure Kenton Eco Estate in idyllic Kenton on Sea, situated on the Eastern Cape coastline between the Bushman’s and Kariega Rivers in an area sought after among those looking for a holiday or retirement home, or investors seeking additional income on rentals.

Comprising 759sqm and 784sqm respectively and offering exceptional value for money – each with a guide price of R180 000, these stands afford a rare lifestyle opportunity within an eco-estate with abundant fauna, beach access via a private boardwalk – all picture perfect with a nearby dam providing a tranquil sundowner setting.

With a guide price of R1.25 million, a spacious four-bedroom home with spectacular views in Reservoir Hills in Durban includes staff quarters, a storage shed, double garage and double carport, generator and Jojo tank plus ample yard space. Fully fenced with motorised access, the home has fresh, modern upgrades throughout.

For further information contact Tania Smit, head of Pam Golding Auctions via auctions@pamgolding.co.za or visit  https://bidx1.com/en/south-africa

Posted by The Know - Pam Golding Properties