3 Bedroom Apartment with Lounge and Dining Room
425117 · Randburg South West · Ferndale · 3 bed · sectional · auction 12 Aug 2026
+Pass, reserve
?Review, market
12 days · in window
Gross yield
not computed
no rent held for Ferndale
Under market
—
no comparable value held
Firm, figures that exist
| Bid price, reserve published on the listing | R 1 750 000.00 |
| Sheriff's commission | R 36 750.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 5 512.50 |
| Transfer duty | R 26 625.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 60 000.00 |
| Firm cost | R 1 878 887.50 |
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 243 887.50 |
| Balance by 2 Sep 2026 | R 1 575 000.00 |
| All-in, floor to ceiling | R 1 878 887.50 – R 2 315 906.25 |
| All-in per m² at the ceiling | R 11 696.50 |
Recited by the notice · 7
| Case number | 2023/0698 |
| Evidence read | 2026-07-31 |
Flags · 5
!conveyancing_bands
!transfer_duty_bands
!vat_rate
!commission scale not recited in the notice - configured fallback used
!VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R26625. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R262500 in its place.
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.
Attorneys for the execution creditor: Lowndes Dlamini (011-292-5777). This is the practical route to an arrears figure before auction day.
Transfer duty is normally paid to SARS through the conveyancer before registration, not on auction day. Section 7.2 includes it in the auction-day figure; confirm the timing with the conveyancer.