1 Bedroom Apartment
425233 · Wynberg North · Foreshore · 1 bed · sectional · auction 3 Aug 2026
Walk away above R 163 145.36 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 133 826.09 |
| Sheriff's commission | R 7 183.91 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 1 077.59 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 167 087.59 |
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 21 644.11 |
| Balance by 24 Aug 2026 | R 120 443.48 |
| All-in, floor to ceiling | R 167 087.59 – R 446 086.96 |
| All-in per m² at the ceiling | R 12 391.30 |
Registered against the title · 1
| Bond, B S A Home Loans Guarantee Co R F Pty Ltd SB4839/2022 | R 400 000.00 |
Nearby sales · 15 used of 15
= Consistent with its own 2022 sale of R 400 000.00, at 2.5% a year over 4.4 years.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Unit 201 Grand Central 199 Main Road | R 10 076 | R 665 000 | 66 | 0 | 2026 |
| Unit 118 Grand Central 199 Main Road | R 10 625 | R 340 000 | 32 | 0 | 2026 |
| Unit 151 Grand Central 199 Main Road | R 10 648 | R 575 000 | 54 | 0 | 2026 |
| Unit 226 Grand Central 199 Main Road | R 11 791 | R 790 000 | 67 | 0 | 2025 |
| Unit 107 Grand Central 199 Main Road | R 12 111 | R 545 000 | 45 | 0 | 2026 |
| Unit 109 Grand Central 199 Main Road | R 12 222 | R 550 000 | 45 | 0 | 2025 |
| Unit 216 Grand Central 199 Main Road | R 12 258 | R 380 000 | 31 | 0 | 2024 |
| Unit 215 Grand Central 199 Main Road | R 12 391 | R 570 000 | 46 | 0 | 2025 |
| Unit 113 Grand Central 199 Main Road | R 12 652 | R 582 000 | 46 | 0 | 2026 |
| Unit 115 Grand Central 199 Main Road | R 12 667 | R 570 000 | 45 | 0 | 2025 |
| Unit 222 Grand Central 199 Main Road | R 13 333 | R 400 000 | 30 | 0 | 2025 |
| Unit 229 Grand Central 199 Main Road | R 14 333 | R 430 000 | 30 | 0 | 2025 |
| Unit 141 Grand Central 199 Main Road | R 14 516 | R 450 000 | 31 | 0 | 2025 |
| Unit 137 Grand Central 199 Main Road | R 15 000 | R 540 000 | 36 | 0 | 2026 |
| Unit 133 Grand Central 199 Main Road | R 15 000 | R 540 000 | 36 | 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 362 727.27 and R 540 000.00. 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 · 6
| Case number | 2359/2024 |
| 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 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: BBM LAW (021 422 2173). This is the practical route to an arrears figure before auction day.