7 Bedroom Home with Pool and Outbuilding
425212 · Durban North · Durban North · 7 bed · freehold · auction 6 Aug 2026
Walk away above R 2 802 927.04 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 961 004.70 |
| Sheriff's commission | R 24 915.07 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 3 737.26 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 1 029 657.03 |
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 139 752.80 |
| Balance by 27 Aug 2026 | R 864 904.23 |
| All-in, floor to ceiling | R 1 029 657.03 – R 3 203 349.01 |
| All-in per m² at the ceiling | R 2 671.68 |
Registered against the title · 3
| Bond, Absa Bank Ltd B60903/2007 | R 1 750 000.00 |
| Bond, Absa Bank Ltd B43289/2008 | R 640 000.00 |
| Interdict I-137/2026AT | — |
Nearby sales · 7 used of 7
= Consistent with its own 2007 sale of R 1 575 000.00, at 3.8% a year over 19.0 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 3757 | R 1 171 | R 2 400 000 | 2050 | 183 | 2025 |
| Erf 3137 | R 1 360 | R 2 200 000 | 1618 | 187 | 2024 |
| Erf 3134 | R 2 160 | R 2 275 000 | 1053 | 97 | 2023 |
| Erf 3137 | R 2 672 | R 2 840 000 | 1063 | 77 | 2022 |
| Erf 3138 | R 2 964 | R 3 000 000 | 1012 | 240 | 2025 |
| Erf 3137 | R 3 285 | R 4 100 000 | 1248 | 113 | 2024 |
| Erf 3747 | R 3 467 | R 15 300 000 | 4413 | 253 | 2025 |
| Erf 3137 | R 3 692 | R 3 925 000 | 1063 | 77 | 2025 |
| Erf 3134 | R 5 297 | R 11 500 000 | 2171 | 242 | 2025 |
| Erf 3110 | R 10 044 | R 11 500 000 | 1145 | 151 | 2024 |
| Unit 75 Sedgefield 98 Margaret Maytom Avenue | R 14 629 | R 3 350 000 | 229 | 334 | 2025 |
| Erf 3104 | R 15 072 | R 11 500 000 | 763 | 183 | 2024 |
| Unit 76 Sedgefield 98 Margaret Maytom Avenue | R 15 721 | R 3 600 000 | 229 | 334 | 2026 |
| Unit 19 Sedgefield 98 Margaret Maytom Avenue | R 21 909 | R 2 410 000 | 110 | 334 | 2026 |
| Unit 64 Sedgefield 98 Margaret Maytom Avenue | R 23 729 | R 2 800 000 | 118 | 334 | 2026 |
7 nearby sales, sold 2022 to 2025. The median runs across the rest, and the rates they span put this erf between R 1 403 707.32 and R 4 427 163.69. 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
| Registration to bid, refundable | R 15 000.00 |
| At | SHERIFF DURBAN NORTH, UNIT 1/2ELATION HOUSE |
| 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 7 nearby sales, sold 2022 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: JOHNSTON AND PARTNERS (031 5369700). This is the practical route to an arrears figure before auction day.