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

425248 · 3 Bedroom House with Outbuilding and Carport

Sherwood - 5 Loon Road

improved 3 bed 1149 m² ? review confidence low

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Durban West KwaZulu-Natal
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 105 729 balance R 718 882 by 24 Aug 2026
All-in cost R 864 611 to R 2 662 526 at full provisions
Discount to market 0.0% value R 2 662 526
Gross yield market reference 10.9%

The money ladder · bid basis: anchored

Bid band (anchored) R 798 758 – R 2 315 321
All-in ceiling R 2 662 526
Walk-away price R 2 315 321
Market value R 2 662 526

Firm cost at the bid floor · R 864 611

Bid price R 798 758
Sheriff's commission, incl VAT R 25 854
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 752
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 247 m

market value R 2 662 526 R 2 300 000 · 58 m · 2025 R 1 400 000 · 72 m · 2025 R 2 800 000 · 121 m · 2025 R 2 900 000 · 140 m · 2025 R 1 850 000 · 167 m · 2026 R 2 100 000 · 231 m · 2024 R 850 000 · 247 m · 2026 R 890 000 · 247 m · 2026 R 950 000 · 247 m · 2026 R 950 000 · 247 m · 2026 R 1 250 000 · 247 m · 2025 R 950 000 · 247 m · 2025 R 1 130 000 · 247 m · 2025 R 850 000 · 247 m · 2025 R 1 200 000 · 247 m · 2025 0 m 247 m

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

Houses in this suburb · average sale price by year

2019: R 505 565 across 43 sales 2020: R 1 225 000 across 18 sales 2021: R 780 000 across 22 sales 2022: R 81 511 across 51 sales 2023: R 1 875 000 across 12 sales 2024: R 2 125 000 across 12 sales 2025: R 1 425 000 across 24 sales R 505 565 R 1 425 000 2019 2025

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

Provenance

Oldest bond registered2020

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 R119814 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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