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

425212 · 7 Bedroom Home with Pool and Outbuilding

Durban North - 27 Norrie Avenue

improved 7 bed 1199 m² ? review confidence low 2 bonds2 same hammer

The auction

When 6 Aug 2026 Thursday · 3 lead days
Held by Sheriff Durban North KwaZulu-Natal
Where SHERIFF DURBAN NORTH, UNIT 1/2ELATION HOUSE as the notice recites it
Cash on auction day R 139 753 balance R 864 904 by 27 Aug 2026
All-in cost R 1 029 657 to R 3 203 349 at full provisions
Discount to market 0.0% value R 3 203 349
Gross yield market reference 10.9%

The money ladder · bid basis: anchored

Bid band (anchored) R 961 005 – R 2 816 342
All-in ceiling R 3 203 349
Walk-away price R 2 816 342
Market value R 3 203 349

Firm cost at the bid floor · R 1 029 657

Bid price R 961 005
Sheriff's commission, incl VAT R 28 652
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 859
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 188 500

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

Evaluation states

reserve · no reserve size · pass walk away · pass ? market · review

Registered transfers nearby · 15 within 334 m

market value R 3 203 349 R 3 925 000 · 77 m · 2025 R 2 840 000 · 77 m · 2022 R 2 275 000 · 97 m · 2023 R 4 100 000 · 113 m · 2024 R 11 500 000 · 151 m · 2024 R 2 400 000 · 183 m · 2025 R 11 500 000 · 183 m · 2024 R 2 200 000 · 187 m · 2024 R 3 000 000 · 240 m · 2025 R 11 500 000 · 242 m · 2025 R 15 300 000 · 253 m · 2025 R 2 410 000 · 334 m · 2026 R 2 800 000 · 334 m · 2026 R 3 600 000 · 334 m · 2026 R 3 350 000 · 334 m · 2025 0 m 334 m

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

Houses in this suburb · average sale price by year

2019: R 3 350 000 across 109 sales 2020: R 3 500 000 across 117 sales 2021: R 3 650 000 across 157 sales 2022: R 3 715 000 across 150 sales 2023: R 3 725 000 across 108 sales 2024: R 3 600 000 across 129 sales 2025: R 3 800 000 across 139 sales R 3 350 000 R 3 800 000 2019 2025

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

Provenance

Oldest bond registered2007
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 R144151 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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