3 Bedroom Apartment in Scheme
423726 · Durban West · Durban · 3 bed · sectional · auction 3 Aug 2026
Walk away above R 784 765.35 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, opening, anchored to market value | R 329 663.27 |
| Sheriff's commission | R 14 038.21 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 2 105.73 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 370 807.21 |
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 49 110.27 |
| Balance by 24 Aug 2026 | R 296 696.94 |
| All-in, floor to ceiling | R 370 807.21 – R 1 098 877.55 |
| All-in per m² at the ceiling | R 9 081.63 |
Registered against the title · 2
| Bond, rican Home Loans Guarantee Trust-Trustees SB22313/2015 | R 890 000.00 |
| Interdict I-1201/2025AT | — |
Nearby sales · 11 used of 11
= Consistent with its own 2015 sale of R 900 000.00, at 1.8% a year over 11.2 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 94 Cherry Lane 8 Hutt Place | R 6 985 | R 950 000 | 136 | 0 | 2026 |
| Unit 94 Cherry Lane 8 Hutt Place | R 6 985 | R 950 000 | 136 | 0 | 2025 |
| Unit 76 Cherry Lane 8 Hutt Place | R 7 851 | R 950 000 | 121 | 0 | 2025 |
| Unit 40 Cherry Lane 8 Hutt Place | R 7 908 | R 775 000 | 98 | 0 | 2025 |
| Unit 73 Cherry Lane 8 Hutt Place | R 8 163 | R 800 000 | 98 | 0 | 2024 |
| Unit 65 Cherry Lane 8 Hutt Place | R 8 214 | R 805 000 | 98 | 0 | 2024 |
| Unit 6 Cherry Lane 8 Hutt Place | R 8 673 | R 850 000 | 98 | 0 | 2025 |
| Unit 85 Cherry Lane 8 Hutt Place | R 8 673 | R 850 000 | 98 | 0 | 2023 |
| Unit 45 Cherry Lane 8 Hutt Place | R 9 082 | R 890 000 | 98 | 0 | 2026 |
| Unit 58 Cherry Lane 8 Hutt Place | R 9 375 | R 1 125 000 | 120 | 0 | 2024 |
| Unit 83 Cherry Lane 8 Hutt Place | R 9 576 | R 1 130 000 | 118 | 0 | 2025 |
| Unit 90 Cherry Lane 8 Hutt Place | R 9 596 | R 950 000 | 99 | 0 | 2026 |
| Unit 79 Cherry Lane 8 Hutt Place | R 9 921 | R 1 250 000 | 126 | 0 | 2025 |
| Unit 10 Cherry Lane 8 Hutt Place | R 10 000 | R 1 200 000 | 120 | 0 | 2025 |
| Unit 22 Cherry Lane 8 Hutt Place | R 10 882 | R 1 295 000 | 119 | 0 | 2024 |
11 nearby sales, sold 2023 to 2026. The median runs across the rest, and the rates they span put this erf between R 956 887.76 and R 1 316 764.71. 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 | Durban West at No. 32 |
| 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 11 nearby sales, sold 2023 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: Strauss Daly (031-5705600). This is the practical route to an arrears figure before auction day.