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

425216 · Land with 96 sqm

Southport - Bauhinia Road

vacant 96 m² ? review confidence normal

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Port Shepstone KwaZulu-Natal
Where No. 17A Mgazi Avenue, Umtentweni as the notice recites it
Cash on auction day R 44 593 balance R 171 454 by 24 Aug 2026
All-in cost R 226 048 to R 635 016 at full provisions
Discount to market 0.0% value R 635 016
Gross yield market reference 10.9%

The money ladder · bid basis: anchored

Bid band (anchored) R 190 505 – R 446 735
All-in ceiling R 635 016
Walk-away price R 446 735
Market value R 635 016

Firm cost at the bid floor · R 226 048

Bid price R 190 505
Sheriff's commission, incl VAT R 10 543
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 2 355
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 143 500

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

Evaluation states

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

Registered transfers nearby · 15 within 339 m

market value R 635 016 R 1 250 000 · 0 m · 2025 R 900 000 · 0 m · 2025 R 795 000 · 0 m · 2025 R 807 000 · 0 m · 2024 R 765 000 · 0 m · 2024 R 906 000 · 0 m · 2023 R 1 140 000 · 149 m · 2026 R 1 400 000 · 195 m · 2024 R 2 300 000 · 237 m · 2024 R 274 000 · 250 m · 2026 R 260 000 · 250 m · 2025 R 950 000 · 285 m · 2025 R 795 000 · 285 m · 2025 R 795 000 · 285 m · 2025 R 980 000 · 339 m · 2025 0 m 339 m

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

Houses in this suburb · average sale price by year

2019: R 870 000 across 21 sales 2020: R 700 000 across 17 sales 2021: R 897 500 across 22 sales 2022: R 870 000 across 31 sales 2023: R 1 190 000 across 25 sales 2024: R 1 147 000 across 20 sales 2025: R 1 200 000 across 21 sales R 870 000 R 1 200 000 2019 2025

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

Provenance

Case opened2024

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 R28576 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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