2 Bedroom Apartment
425106 · Centurion West · The Reeds · 2 bed · sectional · auction 3 Aug 2026
Walk away above R 982 477.27 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 390 000.00 |
| Sheriff's commission | R 16 150.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 2 422.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 433 572.50 |
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 57 572.50 |
| Balance by 24 Aug 2026 | R 351 000.00 |
| All-in, floor to ceiling | R 433 572.50 – R 1 300 000.00 |
| All-in per m² at the ceiling | R 10 833.33 |
Registered against the title · 3
| Bond, Ltd SB50703/2017 | R 725 000.00 |
| Interdict I-1003/2026AT | — |
| Interdict I-114/2022AT | — |
Nearby sales · 11 used of 13
= Consistent with its own 2017 sale of R 725 000.00, at 6.7% a year over 9.0 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 45 St Remy 60 out | R 11 | R 1 050 | 99 | 0 | 2025 |
| Unit 5183 The Reeds Ext 45 | R 4 087 | R 2 350 000 | 575 | 96 | 2025 |
| Unit 5184 The Reeds Ext 45 | R 5 196 | R 2 250 000 | 433 | 82 | 2025 |
| Unit 36 Avignon | R 8 507 | R 1 140 000 | 134 | 130 | 2025 |
| Unit 3 St Remy | R 10 000 | R 1 000 000 | 100 | 0 | 2025 |
| Unit 13 Avignon | R 10 076 | R 1 320 000 | 131 | 130 | 2025 |
| Unit 15 Belmont | R 10 667 | R 640 000 | 60 | 93 | 2025 |
| Unit 10 St Remy | R 10 817 | R 1 298 000 | 120 | 0 | 2025 |
| Unit 17 St Remy | R 10 833 | R 780 000 | 72 | 0 | 2025 |
| Unit 66 Belmont | R 11 000 | R 660 000 | 60 | 93 | 2026 |
| Unit 49 Belmont | R 11 333 | R 680 000 | 60 | 93 | 2025 |
| Unit 5 St Remy | R 11 500 | R 1 150 000 | 100 | 0 | 2025 |
| Unit 23 Belmont | R 11 667 | R 700 000 | 60 | 93 | 2026 |
| Unit 17 St Remy | R 13 194 | R 950 000 | 72 | 0 | 2025 |
| Unit 1 5176 The Reeds 138 Spaansriet Street out | R 14 696 | R 1 690 000 | 115 | 131 | 2025 |
11 nearby sales, sold 2025 to 2026; 2 excluded as outliers. The 2 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 1 020 895.52 and R 1 583 333.33. 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
| Sale held by | CENTURION WEST |
| Case number | 71035/2019 |
| 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 2025 to 2026; 2 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: JUKES AND ASSOCIATES (0105349221). This is the practical route to an arrears figure before auction day.