4 Bedroom Family Home with Outbuilding and Pool
423620 · Springs · Petersfield · 4 bed · freehold · auction 5 Aug 2026
Walk away above R 943 155.57 Bid more than this and the all-in cost, provisions at full, passes what the property is worth. It is a ceiling on the bid, not a forecast of it, and it moves with the provisions.
Firm, figures that exist
| Bid price, reserve published on the listing | R 950 000.00 |
| Sheriff's commission | R 24 750.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 3 712.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 1 018 462.50 |
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 123 462.50 |
| Balance by 26 Aug 2026 | R 855 000.00 |
| All-in, floor to ceiling | R 1 018 462.50 – R 1 323 601.25 |
| All-in per m² at the ceiling | R 1 323.60 |
Registered against the title · 4
| Bond, A B S A Bank Ltd B29251/2013 | R 120 000.00 |
| Bond, A B S A Bank Ltd B5524/2012 | R 1 351 500.00 |
| Interdict I-21/2018AT | — |
| Interdict I-157/2018AT | — |
Nearby sales · 12 used of 13
= Consistent with its own 2011 sale of R 1 590 000.00, at -1.9% a year over 14.7 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 369 | R 720 | R 720 000 | 1000 | 26 | 2026 |
| Erf 1103 | R 979 | R 893 000 | 912 | 295 | 2025 |
| Erf 329 | R 1 004 | R 1 900 000 | 1892 | 274 | 2025 |
| Erf 351 | R 1 050 | R 1 050 000 | 1000 | 90 | 2024 |
| Erf 659 | R 1 127 | R 1 430 000 | 1269 | 243 | 2025 |
| Erf 443 | R 1 180 | R 1 180 000 | 1000 | 276 | 2026 |
| Erf 359 | R 1 220 | R 1 220 000 | 1000 | 112 | 2024 |
| Erf 421 | R 1 504 | R 1 830 000 | 1217 | 145 | 2024 |
| Erf 378 | R 1 795 | R 1 795 000 | 1000 | 125 | 2025 |
| Erf 357 | R 1 921 | R 1 900 000 | 989 | 134 | 2024 |
| Erf 1095 | R 1 933 | R 1 790 000 | 926 | 237 | 2024 |
| Erf 347 | R 1 994 | R 2 000 000 | 1003 | 63 | 2024 |
| Erf 371 out | R 2 650 | R 2 650 000 | 1000 | 79 | 2024 |
| Erf 1094 | R 2 993 | R 1 380 000 | 461 | 144 | 2024 |
| Erf 1093 | R 3 759 | R 1 650 000 | 439 | 167 | 2025 |
12 nearby sales, sold 2024 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 720 000.00 and R 1 994 017.95. 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 · 5
| 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 2024 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: Hammond Pole Majola Inc C/o NVG Attorneys (0118741800). This is the practical route to an arrears figure before auction day.