1 Bedroom Apartment
423722 · Durban West · Bulwer · 1 bed · sectional · auction 3 Aug 2026
Walk away above R 25 333.65 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 recited | R 180 000.00 |
| Sheriff's commission | R 8 800.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 1 320.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 215 120.00 |
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 28 120.00 |
| Balance by 24 Aug 2026 | R 162 000.00 |
| All-in, floor to ceiling | R 215 120.00 – R 482 344.50 |
| All-in per m² at the ceiling | R 19 293.78 |
Registered against the title · 2
| Bond, Nedbank Limited SB5232/2019 | R 341 037.00 |
| Interdict I-1187/2023AT | — |
Nearby sales · 10 used of 10
= Consistent with its own 2018 sale of R 335 000.00, at -1.3% a year over 7.7 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 5994 Durban | R 2 222 | R 1 500 000 | 675 | 132 | 2025 |
| Unit 17 Kemden 275 Che Guevara Road | R 8 205 | R 640 000 | 78 | 157 | 2026 |
| Unit 121 Berea Centre 15 Noble Road | R 9 697 | R 320 000 | 33 | 0 | 2026 |
| Unit 71 Berea Centre 15 Noble Road | R 10 152 | R 335 000 | 33 | 0 | 2025 |
| Unit 42 Berea Centre 15 Noble Road | R 10 469 | R 335 000 | 32 | 0 | 2025 |
| Unit 40 Berea Centre 15 Noble Road | R 10 962 | R 285 000 | 26 | 0 | 2024 |
| Unit 67 Berea Centre 15 Noble Road | R 11 875 | R 285 000 | 24 | 0 | 2024 |
| Unit 30 Berea Centre 15 Noble Road | R 12 308 | R 320 000 | 26 | 0 | 2024 |
| Unit 80 Berea Centre 15 Noble Road | R 12 692 | R 330 000 | 26 | 0 | 2025 |
| Unit 57 Berea Centre 15 Noble Road | R 12 708 | R 305 000 | 24 | 0 | 2025 |
| Unit 69 Berea Centre 15 Noble Road | R 13 261 | R 305 000 | 23 | 0 | 2025 |
| Unit 89 Berea Centre 15 Noble Road | R 13 261 | R 305 000 | 23 | 0 | 2025 |
| Unit 60 Berea Centre 15 Noble Road | R 13 462 | R 350 000 | 26 | 0 | 2025 |
| Unit 59 Berea Centre 15 Noble Road | R 14 348 | R 330 000 | 23 | 0 | 2025 |
| Unit 109 Berea Centre 15 Noble Road | R 15 217 | R 350 000 | 23 | 0 | 2026 |
10 nearby sales, sold 2024 to 2026. The median runs across the rest, and the rates they span put this erf between R 242 424.24 and R 380 434.78. 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
| Sale held by | of the High Court Durban West at No. 32 Melbourne Road |
| 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 10 nearby sales, sold 2024 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: Garlicke & Bousfield Inc (031 570 5300). This is the practical route to an arrears figure before auction day.