PropertyLane Census 3 Aug 2026 Sign in
387 sales in execution 197 with a reserve 40 without one 8 provinces

Property report · census 3 Aug 2026

423722 · 1 Bedroom Apartment

Bulwer, Unit 56 Berea Centre - 15 Noble Road

improved 1 bed 25 m² sectional / HOA excluded confidence low

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Durban West KwaZulu-Natal
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 28 120 balance R 162 000 by 24 Aug 2026
All-in cost R 215 120 to R 482 344 at full provisions
Discount to market -59.6% value R 302 284
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 180 000 – R 198 000
All-in ceiling R 482 344
Walk-away price R 25 334
Market value R 302 284

Firm cost at the bid floor · R 215 120

Bid price R 180 000
Sheriff's commission, incl VAT R 10 120
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 8 605
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 248 500

Municipal arrears R 80 000
Remediation R 50 000
Levy arrears R 60 000
Eviction R 45 000
Holding cost R 13 500

Evaluation states

reserve · pass size · pass walk away · fail ? market · review

Registered transfers nearby · 15 within 157 m

market value R 302 284 R 320 000 · 0 m · 2026 R 350 000 · 0 m · 2026 R 330 000 · 0 m · 2025 R 335 000 · 0 m · 2025 R 305 000 · 0 m · 2025 R 305 000 · 0 m · 2025 R 350 000 · 0 m · 2025 R 305 000 · 0 m · 2025 R 330 000 · 0 m · 2025 R 335 000 · 0 m · 2025 R 285 000 · 0 m · 2024 R 285 000 · 0 m · 2024 R 320 000 · 0 m · 2024 R 1 500 000 · 132 m · 2025 R 640 000 · 157 m · 2026 0 m 157 m

Each dot is a registered transfer: nearer is left, dearer is up.

Apartments in this suburb · average sale price by year

2019: R 647 500 across 384 sales 2020: R 730 000 across 316 sales 2021: R 750 000 across 461 sales 2022: R 740 000 across 420 sales 2023: R 760 000 across 322 sales 2024: R 720 000 across 315 sales 2025: R 680 000 across 266 sales R 647 500 R 680 000 2019 2025

Suburb context only — it corroborates a value and never produces one.

Provenance

Oldest bond registered2019

Warnings · 4

  • conveyancing_bands
  • commission scale not recited in the notice - configured fallback used
  • VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R27000 in its place.
  • the lowest bid this sale permits, R180000, is already above the R25334 walk-away price - no bid in the band recovers its own cost against modelled value, so this cannot alert whatever the rent turns out to be

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. Assumptions version 3. Modelled from the census of 3 Aug 2026; nothing here is a valuation of a property nobody has inspected.

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