2 Bedroom Apartment
425191 · Sandton South · Edenburg · 2 bed · 72 m² · sectional · auction 11 Aug 2026
Auction details
| Auction date | 11 Aug 2026 |
| Held by | Sheriff Sandton South |
Value indicators
| Last sold price | R 1 350 000.00 |
| Sale date | 2020/02/20 |
Walk away above R 589 260.26 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 519 000.00 |
| Sheriff's commission | R 18 285.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 742.75 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 580 027.75 |
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 72 927.75 |
| Balance by 1 Sep 2026 | R 467 100.00 |
| All-in, floor to ceiling | R 580 027.75 – R 881 323.03 |
| All-in per m² at the ceiling | R 12 240.60 |
Registered against the title · 2
| Bond, Firstrand Bank Ltd SB624/2021 | R 1 012 500.00 |
| Interdict I-1257/2025AT | — |
Nearby sales · 5 used of 15
= Consistent with its own 2020 sale of R 1 350 000.00, at -6.1% a year over 6.5 years.
Selected sale Unit 16 La Piazza 7 Whelan Close · R 14 384/m² · R 1 050 000 · 73m² · 0m away · sold 2026 · used by model
Used by model Context only Excluded outlier
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 252 Edenburg | R 4 046 | R 1 950 000 | 482 | 54 | 2024 |
| Unit 252 Edenburg | R 4 167 | R 1 100 000 | 264 | 112 | 2025 |
| Unit 2 Sarbaz 6 Whelan Close | R 7 977 | R 901 397 | 113 | 54 | 2025 |
| Unit 11 Sarbaz 6 Whelan Close | R 8 228 | R 1 300 000 | 158 | 54 | 2025 |
| Unit 11 Stonehill 2 Whelan Close | R 8 416 | R 1 700 000 | 202 | 93 | 2025 |
| Unit 1 Kirstenbosch 12 Stiglingh Road | R 9 091 | R 2 200 000 | 242 | 96 | 2025 |
| Unit 5 Kirstenbosch 12 Stiglingh Road | R 9 091 | R 2 200 000 | 242 | 96 | 2025 |
| Unit 7 Rivonia Village Phase 1 5 Whelan Close | R 9 296 | R 1 980 000 | 213 | 98 | 2025 |
| Unit 3 Casablanca 5 Stiglingh Road | R 11 340 | R 1 100 000 | 97 | 136 | 2025 |
| Unit 23 Casablanca 5 Stiglingh Road | R 12 500 | R 1 200 000 | 96 | 136 | 2025 |
| Unit 2 Sarbaz 6 Whelan Close | R 12 832 | R 1 450 000 | 113 | 54 | 2025 |
| Unit 16 La Piazza 7 Whelan Close | R 14 384 | R 1 050 000 | 73 | 0 | 2026 |
| Unit 36 Casablanca 5 Stiglingh Road | R 64 706 | R 1 100 000 | 17 | 136 | 2025 |
| Unit 27 Casablanca 5 Stiglingh Road | R 70 588 | R 1 200 000 | 17 | 136 | 2025 |
| Unit 11 Maletsatsi out | R 115 663 | R 9 600 006 | 83 | 185 | 2024 |
5 nearby sales, sold 2025 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 574 341.45 and R 1 035 616.44. 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 · 6
| 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 5 nearby sales, sold 2025 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: Charl Cilliers Attorneys. This is the practical route to an arrears figure before auction day.