1 Bedroom Apartment with Balcony
423683 · Sandton South · Morningside · 1 bed · 53 m² · sectional · auction 4 Aug 2026
Auction details
| Auction date | 4 Aug 2026 |
| Held by | Sheriff Sandton South |
Value indicators
| Last sold price | R 850 000.00 |
| Sale date | 2015/08/25 |
Walk away above R 285 618.45 Bid more than this and the all-in cost, provisions at full, passes what the property is worth. It is a ceiling on the bid, not a forecast of it, and it moves with the provisions.
Firm, figures that exist
| Bid price, reserve recited | R 575 000.00 |
| Sheriff's commission | R 19 125.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 868.75 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 636 993.75 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 120 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Levy arrears | R 0.00 – R 60 000.00 |
| Eviction | R 0.00 – R 45 000.00 |
| Holding cost | R 4 500.00 – R 13 500.00 |
| Provisioned range | R 4 500.00 – R 288 500.00 |
Cash
| On auction day | R 79 493.75 |
| Balance by 25 Aug 2026 | R 517 500.00 |
| All-in, floor to ceiling | R 636 993.75 – R 983 985.63 |
| All-in per m² at the ceiling | R 18 565.77 |
Registered against the title · 2
| Bond, Pty Ltd SB52559/2015 | R 680 000.00 |
| Interdict I-2598/2022AT | — |
Nearby sales · 8 used of 15
= Consistent with its own 2015 sale of R 850 000.00, at -2.9% a year over 10.9 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 1300 Morningside Ext 81 | R 6 310 | R 3 950 000 | 626 | 116 | 2025 |
| Unit 1404 Morningside Ext 14 | R 6 831 | R 1 250 000 | 183 | 131 | 2025 |
| Unit 196 Morningside Ext 14 | R 8 072 | R 1 800 000 | 223 | 81 | 2026 |
| Unit 28 The Consulate 28 French Lane | R 8 763 | R 850 000 | 97 | 46 | 2025 |
| Unit 24 The Consulate 28 French Lane | R 10 135 | R 1 875 000 | 185 | 46 | 2025 |
| Unit 24 San Michel 26A French Lane | R 10 849 | R 575 000 | 53 | 0 | 2025 |
| Unit 18 25 On French | R 11 080 | R 4 000 000 | 361 | 113 | 2025 |
| Unit 23 The Consulate 28 French Lane | R 11 125 | R 1 079 171 | 97 | 46 | 2024 |
| Unit 23 The Consulate 28 French Lane | R 11 340 | R 1 100 000 | 97 | 46 | 2024 |
| Unit 32 The Bay 271 Rivonia Road | R 11 810 | R 685 000 | 58 | 139 | 2025 |
| Unit 8 25 On French | R 14 205 | R 3 750 000 | 264 | 113 | 2026 |
| Unit 6 25 On French | R 14 286 | R 4 600 000 | 322 | 113 | 2025 |
| Unit 10 San Michel 26A French Lane | R 14 444 | R 780 000 | 54 | 0 | 2025 |
| Unit 4 The Bay 271 Rivonia Road | R 16 197 | R 1 150 000 | 71 | 139 | 2025 |
| Unit 16 The Consulate 28 French Lane | R 17 526 | R 1 700 000 | 97 | 46 | 2025 |
8 nearby sales, sold 2024 to 2025. The median runs across the rest, and the rates they span put this erf between R 464 432.99 and R 928 865.98. Sizes are in m² and distances in metres. Evidence about the area, not a valuation of this property, which nobody has inspected.
Recited by the notice · 7
| Case number | 2022/3825 |
| Evidence read | 2026-07-31 |
Flags · 5
The municipal arrears figure is a provision, not a quote. A non-owner may not obtain the clearance figure from the municipality; the sheriff gives an estimate on the day. Do not bid against the midpoint of this range.
Market value is derived from 8 nearby sales, sold 2024 to 2025, at the median of rate per square metre. It is evidence about the area, not a valuation of this property, which nobody has inspected.
Attorneys for the execution creditor: Smit Sewgoolam Inc (010 016 8567). This is the practical route to an arrears figure before auction day.