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

425214 · 3 Bedroom Apartment with Lounge and Dining Room

Ladysmith - 27 Foxglove Road

improved 3 bed 450 m² sectional / HOA ? review confidence low only lot

The auction

When 6 Aug 2026 Thursday · 3 lead days
Held by Sheriff Ladysmith KwaZulu-Natal
Where 10 HUNTER ROAD, LADYSMITH as the notice recites it
Cash on auction day R 72 928 balance R 467 100 by 27 Aug 2026
All-in cost R 580 028 to R 881 323 at full provisions
Discount to market -43.3% value R 615 000
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 519 000 – R 570 900
All-in ceiling R 881 323
Market value R 615 000

Firm cost at the bid floor · R 580 028

Bid price R 519 000
Sheriff's commission, incl VAT R 21 028
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 1 289
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 · review ? market · review

Registered transfers nearby · 15 within 319 m

market value R 615 000 R 800 000 · 30 m · 2025 R 750 000 · 45 m · 2026 R 950 000 · 80 m · 2025 R 120 000 · 80 m · 2025 R 110 000 · 80 m · 2024 R 740 000 · 109 m · 2025 R 400 000 · 124 m · 2024 R 830 000 · 162 m · 2026 R 230 000 · 164 m · 2024 R 610 000 · 189 m · 2024 R 900 000 · 199 m · 2025 R 690 000 · 199 m · 2025 R 375 000 · 235 m · 2023 R 490 000 · 300 m · 2026 R 1 025 000 · 319 m · 2025 0 m 319 m

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

Apartments in this suburb · average sale price by year

2019: R 550 000 across 3 sales 2020: R 0 2021: R 0 2022: R 0 2023: R 0 2024: R 0 2025: R 0 R 550 000 R 0 2019 2025

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

Provenance

Oldest bond registered2022
Reserve is rand-exactR 519 000.00
The firm's live book13 sales in this census

Warnings · 4

  • 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 R77850 in its place.
  • market value disagrees with this property's own last sale - this value implies -14.0% a year against its own 2022 sale, outside the -10% to +18% the rest of the census shows

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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