3 Bedroom Apartment in Scheme
425210 · Durban Coastal · Essenwood · 3 bed · 114 m² · sectional · auction 6 Aug 2026
Auction details
| Auction date | 6 Aug 2026 |
| Auction venue | 4 ARBUCKLE ROAD, WINDERMERE |
| Held by | Sheriff Durban Coastal |
Value indicators
| Last sold price | R 150 000.00 |
| Sale date | 1995/05/03 |
Walk away above R 869 557.86 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 800 000.00 |
| Sheriff's commission | R 22 500.00 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 3 375.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 865 875.00 |
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 105 875.00 |
| Balance by 27 Aug 2026 | R 720 000.00 |
| All-in, floor to ceiling | R 865 875.00 – R 1 195 755.00 |
| All-in per m² at the ceiling | R 10 489.08 |
Registered against the title · 2
| Bond, Absa Bank Ltd SB8961/2006 | R 1 000 000.00 |
| Interdict I-283/2026AT | — |
Nearby sales · 10 used of 14
= Consistent with its own 1995 sale of R 150 000.00, at 6.8% a year over 31.3 years.
All 14 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 2159 Durban | R 2 907 | R 2 000 000 | 688 | 143 | 2025 |
| Unit 3037 Durban | R 5 859 | R 3 000 000 | 512 | 129 | 2025 |
| Unit 8 San Michele 138 Gladys Mazibuko Road | R 6 838 | R 800 000 | 117 | 160 | 2026 |
| Unit 6 Lugano 129 Gladys Mazibuko Road | R 8 130 | R 1 065 000 | 131 | 72 | 2026 |
| Unit 10 Norfolk Broads 24 Norfolk Road | R 8 418 | R 825 000 | 98 | 122 | 2026 |
| Unit 4 Norfolk Broads 24 Norfolk Road | R 8 430 | R 725 000 | 86 | 122 | 2025 |
| Unit 6 Wilford Court 5 Miller Grove | R 10 265 | R 1 160 000 | 113 | 125 | 2026 |
| Unit 20 Nordbury Court 122 Gladys Mazibuko Road | R 10 526 | R 1 200 000 | 114 | 0 | 2025 |
| Unit 2 Conniston 526 Currie Road | R 11 481 | R 1 550 000 | 135 | 136 | 2026 |
| Unit 11 Nordbury Court 122 Gladys Mazibuko Road | R 14 796 | R 1 450 000 | 98 | 0 | 2025 |
| Unit 12 Glamis Court 113 Gladys Mazibuko Road | R 15 833 | R 1 330 000 | 84 | 71 | 2025 |
| Unit 15 Nordbury Court 122 Gladys Mazibuko Road | R 16 176 | R 1 650 000 | 102 | 0 | 2025 |
| Unit 17 Lugano 129 Gladys Mazibuko Road | R 44 375 | R 1 065 000 | 24 | 72 | 2026 |
| Unit 27 Glamis Court 113 Gladys Mazibuko Road | R 66 500 | R 1 330 000 | 20 | 71 | 2025 |
10 nearby sales, sold 2025 to 2026. The median runs across the rest, and the rates they span put this erf between R 779 487.18 and R 1 844 117.65. 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
| 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 10 nearby sales, sold 2025 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: JOHNSTON AND PARTNERS (031 5369700). This is the practical route to an arrears figure before auction day.