2 Bedroom Apartment with Balcony
425162 · Boksburg · Driefontein 85-Ir · 2 bed · sectional · auction 14 Aug 2026
Walk away above R 291 876.96 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 1 030 000.00 |
| Sheriff's commission | R 25 950.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 3 892.50 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 60 000.00 |
| Firm cost | R 1 119 842.50 |
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 132 842.50 |
| Balance by 4 Sep 2026 | R 927 000.00 |
| All-in, floor to ceiling | R 1 119 842.50 – R 1 474 109.25 |
| All-in per m² at the ceiling | R 29 482.19 |
Registered against the title · 2
| Bond, South African Home Loans Guarantee Trust SB23528/2020 | R 600 000.00 |
| Interdict I-1271/2026AT | — |
Nearby sales · 15 used of 15
= Consistent with its own 2017 sale of R 490 000.00, at 1.8% a year over 9.3 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 172 Johntilly Mews 4 Madeley Road | R 9 600 | R 480 000 | 50 | 0 | 2025 |
| Unit 161 Johntilly Mews 4 Madeley Road | R 9 600 | R 480 000 | 50 | 0 | 2024 |
| Unit 27 Johntilly Mews 4 Madeley Road | R 10 000 | R 500 000 | 50 | 0 | 2026 |
| Unit 160 Johntilly Mews 4 Madeley Road | R 10 000 | R 500 000 | 50 | 0 | 2024 |
| Unit 62 Johntilly Mews 4 Madeley Road | R 11 000 | R 550 000 | 50 | 0 | 2025 |
| Unit 45 Johntilly Mews 4 Madeley Road | R 11 200 | R 560 000 | 50 | 0 | 2025 |
| Unit 65 Johntilly Mews 4 Madeley Road | R 11 380 | R 569 000 | 50 | 0 | 2025 |
| Unit 15 Johntilly Mews 4 Madeley Road | R 11 600 | R 580 000 | 50 | 0 | 2024 |
| Unit 161 Johntilly Mews 4 Madeley Road | R 12 000 | R 600 000 | 50 | 0 | 2025 |
| Unit 155 Johntilly Mews 4 Madeley Road | R 12 180 | R 609 000 | 50 | 0 | 2025 |
| Unit 92 Johntilly Mews 4 Madeley Road | R 12 380 | R 619 000 | 50 | 0 | 2025 |
| Unit 113 Johntilly Mews 4 Madeley Road | R 12 380 | R 619 000 | 50 | 0 | 2025 |
| Unit 131 Johntilly Mews 4 Madeley Road | R 12 400 | R 620 000 | 50 | 0 | 2025 |
| Unit 103 Johntilly Mews 4 Madeley Road | R 12 780 | R 639 000 | 50 | 0 | 2025 |
| Unit 90 Johntilly Mews 4 Madeley Road | R 12 780 | R 639 000 | 50 | 0 | 2025 |
15 nearby sales, sold 2024 to 2026. The median runs across the rest, and the rates they span put this erf between R 480 000.00 and R 639 000.00. 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 · 5
| 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 15 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: Hammond Pole Majola Inc C/o NVG Attorneys (0118741800). This is the practical route to an arrears figure before auction day.