no description published
423618 · Springs · Springs · freehold · auction 5 Aug 2026
Firm, figures that exist
| Bid price, reserve published on the listing | R 670 000.00 |
| Sheriff's commission | R 20 550.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 3 082.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 733 632.50 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Eviction | R 0.00 – R 45 000.00 |
| Holding cost | R 4 500.00 – R 13 500.00 |
| Provisioned range | R 4 500.00 – R 188 500.00 |
Cash
| On auction day | R 90 632.50 |
| Balance by 20 Aug 2026 | R 603 000.00 |
| All-in, floor to ceiling | R 733 632.50 – R 990 288.25 |
| All-in per m² at the ceiling | R 2 000.58 |
Registered against the title · 1
| Bond, S B Guarantee Co Rf Pty Ltd B14480/2024 | R 1 350 000.00 |
Nearby sales · 12 used of 13
! This value implies -24.6% a year against its own 2024 sale of R 1 250 000.00, outside what the rest of the census shows. Treat it as unverified until someone has looked.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 1287 | R 697 | R 345 000 | 495 | 106 | 2023 |
| Erf 1287 | R 707 | R 350 000 | 495 | 106 | 2026 |
| Erf 1196 | R 715 | R 354 000 | 495 | 71 | 2024 |
| Erf 1286 | R 1 010 | R 500 000 | 495 | 111 | 2025 |
| Erf 1071 | R 1 212 | R 600 000 | 495 | 164 | 2024 |
| Erf 1277 | R 1 263 | R 625 000 | 495 | 50 | 2024 |
| Erf 1189 | R 1 374 | R 680 000 | 495 | 0 | 2024 |
| Erf 1277 | R 1 374 | R 680 000 | 495 | 50 | 2025 |
| Erf 1195 | R 1 434 | R 710 000 | 495 | 47 | 2025 |
| Erf 1075 | R 1 515 | R 750 000 | 495 | 176 | 2026 |
| Erf 1284 | R 1 818 | R 900 000 | 495 | 101 | 2025 |
| Erf 1189 | R 2 525 | R 1 250 000 | 495 | 0 | 2024 |
| Erf 1219 out | R 3 333 | R 1 650 000 | 495 | 259 | 2025 |
| Erf 1270 | R 595 000 | — | 103 | 2025 | |
| Erf 1915 | R 1 300 000 | — | 110 | 2025 |
12 nearby sales, sold 2023 to 2026; 1 excluded as outliers. The 1 marked out sit beyond three median absolute deviations of the rate: improved property filed against a vacant erf, or a transfer not at arm's length. They are struck through rather than dropped, so the exclusion can be argued with. The median runs across the rest, and the rates they span put this erf between R 345 000.00 and R 1 250 000.00. Sizes are in m² and distances in metres. Evidence about the area, not a valuation of this property, which nobody has inspected.
Recited by the notice · 8
| Case number | 131407/2025 |
| Evidence read | 2026-07-31 |
Flags · 5
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.
Market value is derived from 12 nearby sales, sold 2023 to 2026; 1 excluded as outliers, at the median of rate per square metre. It is evidence about the area, not a valuation of this property, which nobody has inspected.
Attorneys for the execution creditor: Delberg Attorneys Inc. ((012) 361-5001). This is the practical route to an arrears figure before auction day.