3 Bedroom House with Garage
425195 · East London · KuGompo City · 3 bed · 300 m² · freehold · auction 14 Aug 2026
Auction details
| Auction date | 14 Aug 2026 |
| Held by | Sheriff East London |
Value indicators
| Last sold price | R 373 500.00 |
| Sale date | 2009/11/22 |
Walk away above R 589 644.51 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 527 336.00 |
| Sheriff's commission | R 18 410.04 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 2 761.51 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 588 507.55 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| 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 188 500.00 |
Cash
| On auction day | R 73 905.15 |
| Balance by 4 Sep 2026 | R 474 602.40 |
| All-in, floor to ceiling | R 588 507.55 – R 830 650.80 |
| All-in per m² at the ceiling | R 2 768.84 |
Registered against the title · 3
| Interdict I-254/2014C | R 700 000 199.00 |
| Bond, Standard Bank Of South Africa Ltd BL567/2010 | R 373 500.00 |
| Interdict I-254/2014C | — |
Nearby sales · 15 used of 15
= Consistent with its own 2009 sale of R 373 500.00, at 5.0% a year over 16.7 years.
Selected sale Erf 29210 · R 2 027/m² · R 760 000 · 375m² · 75m away · sold 2025 · used by model
Used by model
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 33440 | R 1 342 | R 400 000 | 298 | 389 | 2025 |
| Erf 29487 | R 1 562 | R 375 000 | 240 | 130 | 2024 |
| Erf 29210 | R 2 027 | R 760 000 | 375 | 75 | 2025 |
| Erf 33451 | R 2 177 | R 590 000 | 271 | 380 | 2025 |
| Erf 29210 | R 2 187 | R 820 000 | 375 | 75 | 2026 |
| Erf 29220 | R 2 604 | R 1 000 000 | 384 | 405 | 2026 |
| Erf 29375 | R 2 708 | R 650 000 | 240 | 259 | 2023 |
| Erf 29245 | R 2 801 | R 860 000 | 307 | 318 | 2025 |
| Erf 29494 | R 2 808 | R 730 000 | 260 | 139 | 2023 |
| Erf 29434 | R 2 880 | R 720 000 | 250 | 291 | 2026 |
| Erf 29302 | R 3 107 | R 870 000 | 280 | 383 | 2024 |
| Erf 29568 | R 3 120 | R 780 000 | 250 | 191 | 2025 |
| Erf 29457 | R 3 264 | R 940 000 | 288 | 276 | 2025 |
| Erf 29522 | R 3 333 | R 800 000 | 240 | 162 | 2023 |
| Erf 29384 | R 3 720 | R 930 000 | 250 | 201 | 2024 |
15 nearby sales, sold 2023 to 2026. The median runs across the rest, and the rates they span put this erf between R 402 684.56 and R 1 116 000.00. 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 · 7
| 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 2023 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: Drake Flemmer & Orsmond Attorneys (043 722 4210). This is the practical route to an arrears figure before auction day.