2 Bedroom Apartment in Scheme
425103 · Randburg South West · Zandspruit 191-Iq · 2 bed · 71 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 715 000.00 |
| Sale date | 2018/07/08 |
Walk away above R 359 168.47 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 550 000.00 |
| Sheriff's commission | R 18 750.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 812.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 611 562.50 |
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 126 562.50 |
| Balance by 2 Sep 2026 | R 495 000.00 |
| All-in, floor to ceiling | R 611 562.50 – R 926 011.25 |
| All-in per m² at the ceiling | R 13 042.41 |
Registered against the title · 1
| Bond, S B Guarantee Co Rf Pty Ltd SB32445/2018 | R 515 000.00 |
Nearby sales · 11 used of 15
= Consistent with its own 2018 sale of R 715 000.00, at -1.0% a year over 8.1 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 699 Zandspruit Ext 21 | R 3 293 | R 1 350 000 | 410 | 194 | 2025 |
| Unit 679 Zandspruit Ext 21 | R 5 272 | R 1 650 000 | 313 | 189 | 2026 |
| Unit 11 The Wedge 9 Constantia Street out | R 5 693 | R 780 000 | 137 | 0 | 2024 |
| Unit 8 The Wedge 9 Constantia Street | R 6 618 | R 900 000 | 136 | 0 | 2025 |
| Unit 99 The Wedge 9 Constantia Street | R 6 747 | R 560 000 | 83 | 0 | 2026 |
| Unit 31 The Wedge 9 Constantia Street | R 8 662 | R 615 000 | 71 | 0 | 2025 |
| Unit 60 The Wedge 9 Constantia Street | R 8 679 | R 460 000 | 53 | 0 | 2026 |
| Unit 68 The Wedge 9 Constantia Street | R 9 224 | R 350 500 | 38 | 0 | 2025 |
| Unit 54 The Wedge 9 Constantia Street | R 9 296 | R 660 000 | 71 | 0 | 2025 |
| Unit 66 The Wedge 9 Constantia Street | R 9 483 | R 550 000 | 58 | 0 | 2024 |
| Unit 39 The Wedge 9 Constantia Street | R 9 786 | R 685 000 | 70 | 0 | 2025 |
| Unit 56 The Wedge 9 Constantia Street | R 9 859 | R 700 000 | 71 | 0 | 2025 |
| Unit 57 The Wedge 9 Constantia Street | R 9 859 | R 700 000 | 71 | 0 | 2025 |
| Unit 74 The Wedge 9 Constantia Street | R 9 971 | R 349 000 | 35 | 0 | 2025 |
| Unit 41 The Wedge 9 Constantia Street | R 10 203 | R 755 000 | 74 | 0 | 2024 |
11 nearby sales, sold 2024 to 2026; 1 excluded as outliers. The 1 marked out sit beyond three median absolute deviations of the rate: improved property filed against a vacant erf, or a transfer not at arm's length. They are struck through rather than dropped, so the exclusion can be argued with. The median runs across the rest, and the rates they span put this erf between R 469 852.94 and R 724 391.89. 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 | 100924/2023 |
| 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 11 nearby sales, sold 2024 to 2026; 1 excluded as outliers, 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.