1 Bedroom Apartment with Carport
423640 · Sandton North · Paulshof · 1 bed · sectional · auction 4 Aug 2026
Walk away above R 535 003.87 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 560 000.00 |
| Sheriff's commission | R 18 900.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 2 835.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 621 735.00 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Levy arrears | R 0.00 – R 60 000.00 |
| 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 248 500.00 |
Cash
| On auction day | R 77 735.00 |
| Balance by 3 Sep 2026 | R 504 000.00 |
| All-in, floor to ceiling | R 621 735.00 – R 927 201.00 |
| All-in per m² at the ceiling | R 13 437.70 |
Registered against the title · 2
| Bond, Investec Bank Ltd SB13167/2021 | R 650 000.00 |
| Interdict I-1529/2025AT | — |
Nearby sales · 14 used of 15
= Consistent with its own 2020 sale of R 825 000.00, at 0.4% a year over 6.4 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 117 Matika Lifestyle Estate 91 Capricorn Drive out | R 7 284 | R 845 000 | 116 | 0 | 2025 |
| Unit 8 Matika Lifestyle Estate 91 Capricorn Drive | R 10 377 | R 799 000 | 77 | 0 | 2025 |
| Unit 132 Matika Lifestyle Estate 91 Capricorn Drive | R 11 066 | R 675 000 | 61 | 0 | 2025 |
| Unit 11 Matika Lifestyle Estate 91 Capricorn Drive | R 11 538 | R 600 000 | 52 | 0 | 2025 |
| Unit 121 Matika Lifestyle Estate 91 Capricorn Drive | R 11 594 | R 800 000 | 69 | 0 | 2025 |
| Unit 82 Matika Lifestyle Estate 91 Capricorn Drive | R 11 754 | R 670 000 | 57 | 0 | 2026 |
| Unit 104 Matika Lifestyle Estate 91 Capricorn Drive | R 12 019 | R 937 500 | 78 | 0 | 2025 |
| Unit 49 Matika Lifestyle Estate 91 Capricorn Drive | R 12 179 | R 950 000 | 78 | 0 | 2025 |
| Unit 23 Matika Lifestyle Estate 91 Capricorn Drive | R 12 308 | R 640 000 | 52 | 0 | 2025 |
| Unit 93 Matika Lifestyle Estate 91 Capricorn Drive | R 12 319 | R 850 000 | 69 | 0 | 2025 |
| Unit 145 Matika Lifestyle Estate 91 Capricorn Drive | R 12 564 | R 490 000 | 39 | 0 | 2024 |
| Unit 85 Matika Lifestyle Estate 91 Capricorn Drive | R 12 632 | R 720 000 | 57 | 0 | 2025 |
| Unit 109 Matika Lifestyle Estate 91 Capricorn Drive | R 12 857 | R 630 000 | 49 | 0 | 2025 |
| Unit 67 Matika Lifestyle Estate 91 Capricorn Drive | R 13 333 | R 880 000 | 66 | 0 | 2025 |
| Unit 153 Matika Lifestyle Estate 91 Capricorn Drive | R 13 469 | R 660 000 | 49 | 0 | 2025 |
14 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 715 987.01 and R 929 387.76. 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 · 6
| 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 14 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: OTTO KRAUSE INCORPORATED ATTORNEYS (0116752881). This is the practical route to an arrears figure before auction day.