4 Bedroom House in Clubview

R 1 900 000

Adriaan Prinsloo

RE/MAX-Jowic Wierdapark

4 Bedroom House in Clubview

R 1 900 000

Can I afford this?
4 Beds
2 Baths
2 Garages
Land Area 510 m²

This specific property forms part of an Insolvent Estate and a Mandatory 10 % deposit of amount offered must be presented alongside accepted offers or as per the request by the administrative appointed individual by the Master of the High Court upon acceptance of your offer.

The Deposit is by order of the Master of High Courts appointed Trustee/Liquidator and is non- negotiable.

Do you meet the deposit requirements and do you wish to view this property?

Commission is payable by Seller and not Purchaser.

This property is selling under market value due to the fact that some aspects might need reparations or just the fact that it needs an overhauling is enough motivation to make this property as attractive as possible for you by lowering the price slightly to enhance activity to the maximum for the public audience, our most valuable asset, YOU, the buyer.

Insolvency in South African law refers to a status of diminished legal capacity (capitis diminutio) imposed by the courts on persons who are unable to pay their debts, or (which amounts to the same thing) whose liabilities exceed their assets. The insolvent's diminished legal capacity entails deprivation of certain of his important legal capacities and rights, in the interests of protecting other persons, primarily the general body of existing creditors, but also prospective creditors. Insolvency is also of benefit to the insolvent, in that it grants him relief in certain respects.

In broad and everyday terms, a person is insolvent when he is unable to pay his debts. In legal terms, however, the test for insolvency is whether or not the debtors liabilities, fairly estimated, exceed his assets, fairly valued. Inability to pay debts is, at most, merely evidence, and in itself, of insolvency.

A person who has insufficient assets to discharge his liabilities, although he satisfies the test for insolvency, is not treated as insolvent for legal purposes unless his estate has been sequestrated by an order of court. A sequestration order is a formal declaration that a debtor is insolvent. The order is granted either at the instance of the debtor himself (voluntary surrender) or at the instance of one or more of the debtors creditors (compulsory sequestration).

The term sequestration should be used only with reference to a persons estate. It is the debtors estate that is sequestrated, not the debtor himself. On the other by, both the debtors estate and the debtor himself may properly be described as insolvent.

When the word insolvent is used to describe a debtor, it carries two possible meaningseither

1.that the debtors estate has been sequestrated or

2.that his liabilities exceed his assets.

The notion of becoming insolvent, therefore, has a wider meaning than being sequestrated.

Read More

Key Property Features

4
Bedrooms
2
Bathrooms
1
Dining Areas
1
En-suite
2
Garages
2
Lounges
1
Storeys

Email the Agent or request the agent Call You Back should you require any further details.

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

Photo Gallery

Adriaan Prinsloo

Adriaan

Prinsloo

Share this Property

Need a Home Loan?

R
R
*
%
 
Monthly Repayment

Loan Value (Capital) R 0
Total Interest R 0
Total Repayment R 0
Interest at 10.25% for 20 years
Apply for pre-approval
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

Experience Centurion West

With many estates dotted around the area, the gated village lifestyle is a popular choice. A sense of community and family abounds, and everyone seems to know each other at the local hang-outs. Situated near the N1 highway between Johannesburg and Pretoria, Centurion West offers a country living ambience not far from the big cities. Sparkling lakes and rolling hills make this area a golfer’s paradise. It’s a great outdoorsy way of life, with all the comforts of a city life.

Find out more about Centurion West

4 Bedroom House in Clubview

R 1 900 000

4 Bedroom House in Clubview photo number 1
4 Bedroom House in Clubview photo number 2
4 Bedroom House in Clubview photo number 3
4 Bedroom House in Clubview photo number 4
4 Bedroom House in Clubview photo number 5
4 Bedroom House in Clubview photo number 6
4 Bedroom House in Clubview photo number 7
4 Bedroom House in Clubview photo number 8
4 Bedroom House in Clubview photo number 9
4 Bedroom House in Clubview photo number 10
4 Bedroom House in Clubview photo number 11
4 Bedroom House in Clubview photo number 12
4 Bedroom House in Clubview photo number 13
4 Bedroom House in Clubview photo number 14

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

Need a Home Loan?

Contact a BetterBond Home Loans Consultant
Your Details
Sending message...
Find out more about BetterBond's financial services

Apply for a Home Loan

Contact
Agent