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

425217 · 2 Bedroom Apartment with Balcony

Manaba Beach, Unit 20 La Luce - 71 Queens Street

improved 2 bed 80 m² sectional / HOA ? review confidence low

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Port Shepstone KwaZulu-Natal
Where 17A MGAZI AVENUE, UMTENTWENI as the notice recites it
Cash on auction day R 51 962 balance R 315 000 by 24 Aug 2026
All-in cost R 391 962 to R 676 871 at full provisions
Discount to market -4.4% value R 648 180
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 350 000 – R 385 000
All-in ceiling R 676 871
Walk-away price R 357 419
Market value R 648 180

Firm cost at the bid floor · R 391 962

Bid price R 350 000
Sheriff's commission, incl VAT R 16 962
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 4 900
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 · pass ? market · review

Registered transfers nearby · 15 within 89 m

market value R 648 180 R 650 000 · 0 m · 2025 R 700 000 · 0 m · 2026 R 700 000 · 0 m · 2025 R 1 290 000 · 42 m · 2026 R 1 100 000 · 42 m · 2025 R 1 150 000 · 42 m · 2025 R 1 690 000 · 58 m · 2026 R 1 400 705 · 58 m · 2026 R 850 000 · 76 m · 2026 R 10 500 · 89 m · 2026 R 2 000 · 89 m · 2026 R 1 079 000 · 89 m · 2025 R 15 000 · 89 m · 2018 R 2 000 · 89 m · 2026 R 2 000 · 89 m · 2025 0 m 89 m

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

Apartments in this suburb · average sale price by year

2019: R 725 000 across 56 sales 2020: R 768 000 across 33 sales 2021: R 800 000 across 77 sales 2022: R 950 000 across 57 sales 2023: R 1 000 000 across 67 sales 2024: R 925 000 across 54 sales 2025: R 950 000 across 51 sales R 725 000 R 950 000 2019 2025

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

Provenance

Oldest bond registered2021
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 R52500 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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