4 Bedroom Home with Outbuilding on Large Erf
425205 · Durban West · Hillary · 4 bed · 613 m² · freehold · auction 3 Aug 2026
Auction details
| Auction date | 3 Aug 2026 |
| Held by | Sheriff Durban West |
Value indicators
| Last sold price | R 440 000.00 |
| Sale date | 2006/03/09 |
Walk away above R 553 945.60 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, opening, anchored to market value | R 241 222.85 |
| Sheriff's commission | R 10 942.80 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 1 641.42 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 278 807.07 |
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 36 706.51 |
| Balance by 24 Aug 2026 | R 217 100.56 |
| All-in, floor to ceiling | R 278 807.07 – R 804 076.16 |
| All-in per m² at the ceiling | R 1 311.71 |
Registered against the title · 1
| Bond, Standard Bank Of South Africa Ltd B52450/2006 | R 475 200.00 |
Nearby sales · 13 used of 15
= Consistent with its own 2006 sale of R 440 000.00, at 3.0% a year over 20.4 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 513 | R 336 | R 300 000 | 893 | 68 | 2025 |
| Erf 513 | R 761 | R 680 000 | 893 | 68 | 2025 |
| Erf 513 | R 792 | R 900 000 | 1136 | 287 | 2023 |
| Erf 513 | R 1 002 | R 1 050 000 | 1048 | 268 | 2024 |
| Erf 513 | R 1 118 | R 1 080 000 | 966 | 171 | 2024 |
| Erf 513 | R 1 142 | R 780 000 | 683 | 167 | 2024 |
| Erf 513 | R 1 312 | R 930 000 | 709 | 284 | 2023 |
| Erf 513 | R 1 518 | R 1 020 000 | 672 | 151 | 2024 |
| Erf 513 | R 1 553 | R 1 000 000 | 644 | 181 | 2023 |
| Erf 513 | R 1 743 | R 1 100 000 | 631 | 83 | 2024 |
| Erf 513 | R 2 075 | R 1 330 000 | 641 | 96 | 2025 |
| Erf 513 | R 2 241 | R 1 450 000 | 647 | 118 | 2024 |
| Erf 513 | R 2 365 | R 1 450 000 | 613 | 178 | 2023 |
| Unit 1 3 Archie Gwillam Cresent 3 Archie G William Crescent | R 11 039 | R 850 000 | 77 | 199 | 2024 |
| Unit 2 3 Archie Gwillam Cresent 3 Archie G William Crescent | R 11 585 | R 950 000 | 82 | 199 | 2024 |
13 nearby sales, sold 2023 to 2025. The median runs across the rest, and the rates they span put this erf between R 205 935.05 and R 1 450 000.00. 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 · 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 13 nearby sales, sold 2023 to 2025, 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: Strauss Daly (031 570 5600). This is the practical route to an arrears figure before auction day.