2 Bedroom Apartment with Carport
423674 · Kempton Park · Mooifontein 14-IR · 2 bed · sectional · auction 6 Aug 2026
Walk away above R 320 384.69 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 200 000.00 |
| Sheriff's commission | R 9 500.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 1 425.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 235 925.00 |
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 30 925.00 |
| Balance by 27 Aug 2026 | R 180 000.00 |
| All-in, floor to ceiling | R 235 925.00 – R 505 230.00 |
| All-in per m² at the ceiling | R 7 429.85 |
Registered against the title · 2
| Bond, Pty Ltd SB10916/2018 | R 476 000.00 |
| Interdict I-3816/2024AT | — |
Nearby sales · 15 used of 15
= Consistent with its own 2017 sale of R 560 000.00, at 1.0% a year over 8.7 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 478 Midriver Estate 48 Oranjerivier Drive | R 7 379 | R 582 925 | 79 | 0 | 2025 |
| Unit 309 Midriver Estate 48 Oranjerivier Drive | R 7 746 | R 550 000 | 71 | 0 | 2026 |
| Unit 69 Midriver Estate 48 Oranjerivier Drive | R 8 605 | R 370 000 | 43 | 0 | 2025 |
| Unit 424 Midriver Estate 48 Oranjerivier Drive | R 8 793 | R 510 000 | 58 | 0 | 2026 |
| Unit 329 Midriver Estate 48 Oranjerivier Drive | R 8 852 | R 540 000 | 61 | 0 | 2026 |
| Unit 382 Midriver Estate 48 Oranjerivier Drive | R 8 857 | R 620 000 | 70 | 0 | 2026 |
| Unit 264 Midriver Estate 48 Oranjerivier Drive | R 8 955 | R 600 000 | 67 | 0 | 2025 |
| Unit 340 Midriver Estate 48 Oranjerivier Drive | R 8 966 | R 520 000 | 58 | 0 | 2026 |
| Unit 295 Midriver Estate 48 Oranjerivier Drive | R 9 219 | R 590 000 | 64 | 0 | 2025 |
| Unit 229 Midriver Estate 48 Oranjerivier Drive | R 9 412 | R 640 000 | 68 | 0 | 2026 |
| Unit 288 Midriver Estate 48 Oranjerivier Drive | R 9 412 | R 640 000 | 68 | 0 | 2025 |
| Unit 375 Midriver Estate 48 Oranjerivier Drive | R 9 559 | R 650 000 | 68 | 0 | 2026 |
| Unit 328 Midriver Estate 48 Oranjerivier Drive | R 10 000 | R 580 000 | 58 | 0 | 2025 |
| Unit 111 Midriver Estate 48 Oranjerivier Drive | R 10 566 | R 560 000 | 53 | 0 | 2026 |
| Unit 380 Midriver Estate 48 Oranjerivier Drive | R 10 588 | R 720 000 | 68 | 0 | 2025 |
15 nearby sales, sold 2025 to 2026. The median runs across the rest, and the rates they span put this erf between R 501 758.23 and R 720 000.00. 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 · 7
| Case number | 2024/0025 |
| Evidence read | 2026-07-31 |
Flags · 4
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 15 nearby sales, sold 2025 to 2026, 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: Lowndes Dlamini (011-292-5777). This is the practical route to an arrears figure before auction day.