2 Bedroom Sectional Title Apartment
423735 · Lephalale · Lephalale · 2 bed · 58 m² · sectional · auction 3 Aug 2026
Auction details
| Auction date | 3 Aug 2026 |
| Held by | Sheriff Lephalale |
Value indicators
| Last sold price | R 545 000.00 |
| Sale date | 2010/03/16 |
Walk away above R 214 011.05 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 published on the listing | R 450 000.00 |
| Sheriff's commission | R 17 250.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 587.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 494 837.50 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| 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 248 500.00 |
Cash
| On auction day | R 64 837.50 |
| Balance by 18 Aug 2026 | R 405 000.00 |
| All-in, floor to ceiling | R 494 837.50 – R 789 113.75 |
| All-in per m² at the ceiling | R 13 605.41 |
Registered against the title · 1
| Bond, Absa Bank Ltd SB53915/2011PTA | R 463 250.00 |
Nearby sales · 9 used of 15
= Consistent with its own 2010 sale of R 545 000.00, at -0.5% a year over 16.4 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 187 Waterberg Security Village Eland Street | R 7 031 | R 450 000 | 64 | 0 | 2025 |
| Unit 141 Waterberg Security Village Eland Street | R 7 069 | R 410 000 | 58 | 0 | 2025 |
| Unit 210 Waterberg Security Village Eland Street | R 7 586 | R 440 000 | 58 | 0 | 2025 |
| Unit 240 Waterberg Security Village Eland Street | R 7 759 | R 450 000 | 58 | 0 | 2025 |
| Unit 227 Waterberg Security Village Eland Street | R 8 276 | R 480 000 | 58 | 0 | 2025 |
| Unit 199 Waterberg Security Village Eland Street | R 8 276 | R 480 000 | 58 | 0 | 2025 |
| Unit 100 Waterberg Security Village Eland Street | R 8 276 | R 480 000 | 58 | 0 | 2025 |
| Unit 26 Waterberg Security Village Eland Street | R 8 302 | R 440 000 | 53 | 0 | 2025 |
| Unit 182 Waterberg Security Village Eland Street | R 8 534 | R 495 000 | 58 | 0 | 2025 |
| Unit 209 Waterberg Security Village Eland Street | R 8 603 | R 499 000 | 58 | 0 | 2026 |
| Unit 220 Waterberg Security Village Eland Street | R 8 621 | R 500 000 | 58 | 0 | 2026 |
| Unit 17 Waterberg Security Village Eland Street | R 8 654 | R 450 000 | 52 | 0 | 2025 |
| Unit 68 Waterberg Security Village Eland Street | R 8 990 | R 521 400 | 58 | 0 | 2025 |
| Unit 147 Waterberg Security Village Eland Street | R 9 267 | R 537 500 | 58 | 0 | 2026 |
| Unit 57 Waterberg Security Village Eland Street | R 9 434 | R 500 000 | 53 | 0 | 2025 |
9 nearby sales, sold 2025 to 2026. The median runs across the rest, and the rates they span put this erf between R 410 000.00 and R 547 169.81. 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 · 8
| Case number | 6192/2024 |
| Evidence read | 2026-07-31 |
Flags · 4
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 9 nearby sales, sold 2025 to 2026, 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: Delberg Attorneys Inc. ((012) 361-5001). This is the practical route to an arrears figure before auction day.