1 Bedroom Apartment in Scheme
425090 · Randburg South West · Northwold · 1 bed · 78 m² · sectional · auction 12 Aug 2026
Auction details
| Auction date | 12 Aug 2026 |
| Held by | Sheriff Randburg South West |
Value indicators
| Last sold price | R 560 000.00 |
| Sale date | 2016/09/10 |
Walk away above R 327 925.98 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 105 000.00 |
| Sheriff's commission | R 6 175.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 926.25 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 137 101.25 |
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 17 601.25 |
| Balance by 2 Sep 2026 | R 94 500.00 |
| All-in, floor to ceiling | R 137 101.25 – R 396 523.88 |
| All-in per m² at the ceiling | R 5 083.64 |
Registered against the title · 2
| Bond, Ltd SB8900/2017 | R 560 000.00 |
| Interdict I-226/2024AT | — |
Nearby sales · 15 used of 15
= Consistent with its own 2016 sale of R 560 000.00, at 1.0% a year over 9.9 years.
Selected sale Unit 21 Banbury Gardens 768 Hunters Road · R 6 707/m² · R 550 000 · 82m² · 0m away · sold 2025 · used by model
Used by model
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 21 Banbury Gardens 768 Hunters Road | R 6 707 | R 550 000 | 82 | 0 | 2025 |
| Unit 27 Banbury Gardens 768 Hunters Road | R 7 333 | R 440 000 | 60 | 0 | 2025 |
| Unit 41 Banbury Gardens 768 Hunters Road | R 7 400 | R 370 000 | 50 | 0 | 2026 |
| Unit 35 Banbury Gardens 768 Hunters Road | R 7 597 | R 585 000 | 77 | 0 | 2022 |
| Unit 87 Forest Hill 22 Olievenhout Avenue | R 7 703 | R 570 000 | 74 | 108 | 2026 |
| Unit 10 Gleneagles 611 Hunters Road | R 7 812 | R 750 000 | 96 | 148 | 2026 |
| Unit 86 Banbury Gardens 768 Hunters Road | R 7 843 | R 400 000 | 51 | 0 | 2025 |
| Unit 50 Gleneagles 611 Hunters Road | R 7 917 | R 760 000 | 96 | 148 | 2026 |
| Unit 5 Forest Hill 22 Olievenhout Avenue | R 8 095 | R 599 000 | 74 | 108 | 2025 |
| Unit 20 Banbury Gardens 768 Hunters Road | R 8 095 | R 680 000 | 84 | 0 | 2025 |
| Unit 55 Forest Hill 22 Olievenhout Avenue | R 8 108 | R 600 000 | 74 | 108 | 2025 |
| Unit 15 Banbury Gardens 768 Hunters Road | R 8 317 | R 499 000 | 60 | 0 | 2025 |
| Unit 18 Banbury Gardens 768 Hunters Road | R 8 333 | R 400 000 | 48 | 0 | 2026 |
| Unit 82 Forest Hill 22 Olievenhout Avenue | R 8 514 | R 630 000 | 74 | 108 | 2025 |
| Unit 47 Forest Hill 22 Olievenhout Avenue | R 8 784 | R 650 000 | 74 | 108 | 2025 |
15 nearby sales, sold 2022 to 2026. The median runs across the rest, and the rates they span put this erf between R 523 170.73 and R 685 135.14. 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
| Evidence read | 2026-07-31 |
Flags · 3
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 15 nearby sales, sold 2022 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: Heerschop Pienaar Attorneys (011 763 3050). This is the practical route to an arrears figure before auction day.