2 Bedroom Apartment
425188 · Sandton South · Morningside · 2 bed · sectional · auction 11 Aug 2026
Walk away above R 1 000 000.00 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 600 000.00 |
| Sheriff's commission | R 19 500.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 2 925.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 662 425.00 |
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 82 425.00 |
| Balance by 1 Sep 2026 | R 540 000.00 |
| All-in, floor to ceiling | R 662 425.00 – R 971 960.00 |
| All-in per m² at the ceiling | R 10 564.78 |
Registered against the title · 3
| Bond, Nedbank Ltd SB211027/2006 | R 800 000.00 |
| Interdict I-605/2025AT | — |
| Interdict I-3749/2008AT | — |
Nearby sales · 9 used of 9
= Consistent with its own 2006 sale of R 800 000.00, at 2.6% a year over 20.1 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 252 Edenburg | R 6 055 | R 3 300 000 | 545 | 62 | 2025 |
| Unit 23 Jacarandas Two 7 The | R 10 000 | R 440 000 | 44 | 114 | 2026 |
| Unit 25 Jacarandas Two 7 The | R 10 500 | R 630 000 | 60 | 114 | 2026 |
| Unit 13 Jacarandas Two 7 The | R 10 500 | R 630 000 | 60 | 114 | 2026 |
| Unit 28 Jacarandas Two 7 The | R 10 500 | R 630 000 | 60 | 114 | 2025 |
| Unit 7 Jacarandas Two 7 The | R 11 364 | R 500 000 | 44 | 114 | 2025 |
| Unit 91 Morningside Place 9D First Avenue | R 11 957 | R 1 100 000 | 92 | 0 | 2025 |
| Unit 69 Morningside Place 9D First Avenue | R 12 222 | R 770 000 | 63 | 0 | 2024 |
| Unit 2 120 On Kelvin 120 Kelvin Drive | R 12 931 | R 1 500 000 | 116 | 117 | 2025 |
| Unit 75 Morningside Place 9D First Avenue | R 13 370 | R 1 230 000 | 92 | 0 | 2025 |
| Unit 2 Laura Lane 5 First Avenue | R 14 437 | R 2 050 000 | 142 | 150 | 2025 |
| Unit 77 Morningside Place 9D First Avenue | R 15 435 | R 1 420 000 | 92 | 0 | 2025 |
| Unit 80 Morningside Place 9D First Avenue | R 15 761 | R 1 450 000 | 92 | 0 | 2025 |
| Unit 29 Morningside Place 9D First Avenue | R 16 630 | R 1 530 000 | 92 | 0 | 2025 |
| Unit 70 Morningside Place 9D First Avenue | R 17 460 | R 1 100 000 | 63 | 0 | 2025 |
9 nearby sales, sold 2024 to 2025. The median runs across the rest, and the rates they span put this erf between R 1 100 000.00 and R 1 606 349.21. 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 · 7
| Sale held by | Sandton South |
| 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 9 nearby sales, sold 2024 to 2025, 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: Lowndes Dlamini Attorneys ((011) 292-5777). This is the practical route to an arrears figure before auction day.