1 Bedroom House with Lounge and Kitchen
425194 · Port Elizabeth North · Zwide 2 · 1 bed · freehold · auction 7 Aug 2026
Walk away above R 162 694.52 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 recited | R 180 000.00 |
| Sheriff's commission | R 8 800.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 1 320.00 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 215 120.00 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| 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 188 500.00 |
Cash
| On auction day | R 11 920.00 |
| Balance by 28 Aug 2026 | R 178 200.00 |
| All-in, floor to ceiling | R 215 120.00 – R 422 344.50 |
| All-in per m² at the ceiling | R 1 353.67 |
Registered against the title · 2
| Bond, S B Guarantee Co R F Pty Ltd B31975/2015CTN | R 275 600.00 |
| Interdict I-303/2024AT | — |
Nearby sales · 15 used of 15
= Consistent with its own 2015 sale of R 265 000.00, at 3.5% a year over 11.0 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 29391 | R 118 | R 51 000 | 433 | 384 | 2007 |
| Erf 29084 | R 458 | R 120 000 | 262 | 182 | 2023 |
| Erf 29989 | R 703 | R 220 000 | 313 | 394 | 2025 |
| Erf 29857 | R 718 | R 270 000 | 376 | 407 | 2025 |
| Erf 29126 | R 769 | R 200 000 | 260 | 28 | 2024 |
| Erf 30268 | R 981 | R 260 000 | 265 | 406 | 2024 |
| Erf 29927 | R 1 098 | R 380 000 | 346 | 125 | 2025 |
| Erf 29136 | R 1 236 | R 330 000 | 267 | 80 | 2023 |
| Erf 29211 | R 1 280 | R 580 000 | 453 | 305 | 2023 |
| Erf 30237 | R 1 449 | R 400 000 | 276 | 370 | 2023 |
| Erf 29970 | R 1 514 | R 430 000 | 284 | 288 | 2025 |
| Erf 29126 | R 1 577 | R 410 000 | 260 | 28 | 2024 |
| Erf 29174 | R 1 581 | R 400 000 | 253 | 395 | 2025 |
| Erf 29916 | R 1 839 | R 640 000 | 348 | 66 | 2025 |
| Erf 30064 | R 1 960 | R 535 000 | 273 | 417 | 2024 |
15 nearby sales, sold 2007 to 2025. The median runs across the rest, and the rates they span put this erf between R 36 748.27 and R 611 428.57. 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
| Case number | 2475/2021 |
| 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 2007 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: Findlay & Niemeyer Attorneys ((041) 484 3887). This is the practical route to an arrears figure before auction day.