Reserve: R1,726,500
Auction ended
Sheriff auction
3 Bedroom Flat on Auction in Cape Town, Somerset West
Unit 640 Paardevlei Retirement Estate, 3 De Beers Avenue, Cape Town
3
Bedrooms
2
Bathrooms
106m²
Size
This is a 3 Bedroom apartment with 2 bathrooms, a lounge, kitchen, and balcony. It is located within a retirement estate.
Auction date
24 Mar 2026, 10:30 (ended)
Venue
Fountain Square, 136 Main Road
Held by
Property valuation
Last sold price
Sale date
Municipal valuation
Suburb trend
Outstanding bond
Bond amount
Recent sales in Paardevlei Retirement Estate
There are 6 recent sales in this complex
Use these prices to value this 106m² unit before you bid.
Unit
Size
Year
Price
Unit 571
58m²
2026
Unit 578
58m²
2026
Unit 580
123m²
2026
Unit 537
47m²
2026
Unit 459
117m²
2025
Unit 587
48m²
2025
2 similar auctions coming up near Cape Town, Somerset West
Buying at a sheriff auction
How does a sheriff auction work?
The sheriff sells the property to the highest bidder on the auction day. Register with the sheriff before bidding and bring your ID and proof of address.
What deposit do I need?
Usually 10% of the purchase price on the day, plus the sheriff’s commission. You’ll need a bank guarantee for the balance within the period set in the conditions of sale.
Can I view the property before the auction?
Usually not — sheriff auctions are sold as-is (voetstoots). Recent sales and satellite imagery help you judge value without going inside.
What does “No Reserve” mean?
There is no minimum price. The property can be sold to the highest bid, subject to the plaintiff’s confirmation.