PropertyLane Census 3 Aug 2026 Sign in
387 sales in execution 197 with a reserve 40 without one 8 provinces

Property report · census 3 Aug 2026

425204 · 2 Bedroom Sectional Title Apartment with Balcony

Uvongo, Unit 4 Nautilus - 20 Collison Road

improved 2 bed 115 m² sectional / HOA ? review confidence low

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Port Shepstone KwaZulu-Natal
Where 17A MGAZI AVENUE, UMTENTWENI as the notice recites it
Cash on auction day R 70 700 balance R 450 000 by 24 Aug 2026
All-in cost R 545 700 to R 860 062 at full provisions
Discount to market 12.8% value R 986 643
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 500 000 – R 550 000
All-in ceiling R 860 062
Walk-away price R 674 434
Market value R 986 643

Firm cost at the bid floor · R 545 700

Bid price R 500 000
Sheriff's commission, incl VAT R 20 700
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 4 745
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 248 500

Municipal arrears R 80 000
Remediation R 50 000
Levy arrears R 60 000
Eviction R 45 000
Holding cost R 13 500

Evaluation states

reserve · pass size · pass walk away · pass ? market · review

Registered transfers nearby · 15 within 241 m

market value R 986 643 R 1 400 000 · 101 m · 2024 R 1 300 000 · 125 m · 2025 R 1 650 000 · 178 m · 2026 R 1 650 000 · 178 m · 2025 R 1 150 000 · 178 m · 2024 R 1 350 000 · 202 m · 2025 R 1 350 000 · 202 m · 2025 R 1 000 000 · 210 m · 2025 R 1 250 000 · 221 m · 2026 R 555 000 · 221 m · 2025 R 610 000 · 221 m · 2025 R 630 000 · 221 m · 2025 R 810 000 · 228 m · 2026 R 740 000 · 235 m · 2025 R 1 250 000 · 241 m · 2026 0 m 241 m

Each dot is a registered transfer: nearer is left, dearer is up.

Apartments in this suburb · average sale price by year

2019: R 700 000 across 59 sales 2020: R 750 000 across 37 sales 2021: R 800 000 across 72 sales 2022: R 800 000 across 63 sales 2023: R 797 500 across 66 sales 2024: R 880 000 across 67 sales 2025: R 795 000 across 45 sales R 700 000 R 795 000 2019 2025

Suburb context only — it corroborates a value and never produces one.

Provenance

Oldest bond registered2022
The firm's live book7 sales in this census

Warnings · 3

  • conveyancing_bands
  • commission scale not recited in the notice - configured fallback used
  • VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R75000 in its place.

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. Assumptions version 3. Modelled from the census of 3 Aug 2026; nothing here is a valuation of a property nobody has inspected.

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