Starting bid for Oscar's home set at R5m

2014-03-21 05:30
(Picture: AP)

(Picture: AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

Pretoria – The estate agent handling the sale of Oscar Pistorius’s Pretoria home said on Thursday, the house will be sold in a closed bid, starting at R5m.

Pistorius plans to sell the upmarket R5 031 000 Pretoria house where he shot dead his girlfriend last year, to cover the legal fees for his murder trial, his lawyer said.

Brian Webber, lawyer for the 27-year-old murder accused, said Pistorius was selling his house to cover increasing legal costs

"This is due to the unexpected extension of the trial beyond the initial three-week period for which it was originally set down," he said in a statement.

The Paralympic athlete has been paying his own legal fees since he shot dead Reeva Steenkamp on Valentine's Day last year, according to the statement.

"Due to the delay in finalising the trial, the decision to urgently dispose of his single biggest asset has had to be made," Webber said.

Pistorius is being defended – at a cost of almost R100 000 a day - by Barry Roux and Kenneth Oldwadge, while his court team includes at least three other lawyers, including his family attorney Webber, as well as forensic and ballistic specialists.

Since the shooting Pistorius has been living at his uncle's house in Pretoria.

Prosecutors have charged the double-amputee sprinter with intentionally killing 29-year-old Steenkamp, and are expected to wrap up their case early next week.

Pistorius insists he fired four shots through a locked toilet door after mistaking the model for an intruder.

The authorities turned the runner's home back over to him over a year ago and he had planned to keep it sealed until the trial finished.

"He has been forced to revisit this decision," according to Webber, who said the statement was meant to pre-empt media speculation about the sale.

House value

Pistorius valued the house at R5m during his bail application in February last year.

During his bail hearing, Pistorius outlined his assets. He said he owned the house where he lived and where his girlfriend died, as well as two other houses with a combined value of R1.5m in Pretoria and an empty plot of land worth R1.6m in Langebaan, near Cape Town.

All his properties together were worth R8.3m, the sporting hero told the court.

Pistorius earned world-wide fame as the "Blade Runner" for running on two carbon fibre blades, after both his legs were amputated below the knee when he was born without fibulae.

He became the first double amputee to compete with able-bodied athletes at the London 2012 Olympics.

But he has fallen on hard times since the shooting, and lost many of the endorsement deals that earned him about R5.5m a year.

His trial opened on 3 March, and witnesses have testified to hearing a woman's terrified screams in the dead of night, followed by gunshots.

A police ballistics expert said on Thursday the first shot from Pistorius's 9mm pistol shattered Steenkamp's hip bone.

She then fell over and was struck in the head by another bullet.

The trial resumes on Monday.

Read more on:    reeva steenkamp  |  oscar pistorius  |  pretoria  |  pistorius trial  |  crime
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
126 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.