3 Bedroom Sectional Title Apartment with Parking
425097 · Randburg South West · Northwold · 3 bed · 98 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 1 150 000.00 |
| Sale date | 2022/05/24 |
Walk away above R 694 200.05 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 733 000.00 |
| Sheriff's commission | R 21 495.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 3 224.25 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 797 719.25 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 90 000.00 |
| 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 258 500.00 |
Cash
| On auction day | R 148 019.25 |
| Balance by 2 Sep 2026 | R 659 700.00 |
| All-in, floor to ceiling | R 797 719.25 – R 1 130 783.68 |
| All-in per m² at the ceiling | R 11 538.61 |
Registered against the title · 1
| Bond, Pty Ltd SB32263/2022 | R 1 035 000.00 |
Nearby sales · 15 used of 15
= Consistent with its own 2022 sale of R 1 150 000.00, at -2.9% a year over 4.2 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 74 Peppertree Lane 72 Third Road | R 7 767 | R 800 000 | 103 | 109 | 2026 |
| Unit 82 Peppertree Lane 72 Third Road | R 8 675 | R 720 000 | 83 | 109 | 2026 |
| Unit 86 Apple Tree Lane 404 Third Road | R 8 938 | R 715 000 | 80 | 0 | 2026 |
| Unit 5 Apple Tree Lane 404 Third Road | R 9 625 | R 770 000 | 80 | 0 | 2025 |
| Unit 72 Sandalwood Lane 122 Elnita Avenue | R 10 000 | R 830 000 | 83 | 157 | 2026 |
| Unit 71 Apple Tree Lane 404 Third Road | R 10 152 | R 670 000 | 66 | 0 | 2025 |
| Unit 7 Peppertree Lane 72 Third Road | R 10 241 | R 850 000 | 83 | 109 | 2026 |
| Unit 24 Apple Tree Lane 404 Third Road | R 10 375 | R 830 000 | 80 | 0 | 2025 |
| Unit 48 Peppertree Lane 72 Third Road | R 10 422 | R 865 000 | 83 | 109 | 2025 |
| Unit 6 Apple Tree Lane 404 Third Road | R 10 500 | R 840 000 | 80 | 0 | 2025 |
| Unit 43 Peppertree Lane 72 Third Road | R 11 446 | R 950 000 | 83 | 109 | 2026 |
| Unit 50 Apple Tree Lane 404 Third Road | R 11 500 | R 920 000 | 80 | 0 | 2025 |
| Unit 49 Peppertree Lane 72 Third Road | R 11 650 | R 1 200 000 | 103 | 109 | 2025 |
| Unit 70 Apple Tree Lane 404 Third Road | R 12 121 | R 800 000 | 66 | 0 | 2025 |
| Unit 21 Sandalwood Lane 122 Elnita Avenue | R 12 254 | R 870 000 | 71 | 157 | 2025 |
15 nearby sales, sold 2025 to 2026. The median runs across the rest, and the rates they span put this erf between R 761 165.05 and R 1 200 845.07. 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
| Registration to bid, refundable | R 50 000.00 |
| Case number | 94794/2023 |
| 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 15 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: VEZI DE BEER ATTORNEYS (012 361 5640). This is the practical route to an arrears figure before auction day.