4 Bedroom Freestanding House with Lapa
423617 · Lenasia · Lenasia South · 4 bed · freehold · auction 5 Aug 2026
Firm, figures that exist
| Bid price, reserve published on the listing | R 595 000.00 |
| Sheriff's commission | R 19 425.00 |
| Commission VAT rate unconfirmed, as at 2018-04-01 | R 2 913.75 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 657 338.75 |
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 131 838.75 |
| Balance by 26 Aug 2026 | R 535 500.00 |
| All-in, floor to ceiling | R 657 338.75 – R 906 365.13 |
| All-in per m² at the ceiling | R 1 480.99 |
Registered against the title · 2
| Bond, Nedbank Ltd B11464/2022 | R 2 006 037.00 |
| Interdict I-6126/2024AT | — |
Nearby sales · 13 used of 15
! This value implies -15.0% a year against its own 2022 sale of R 2 000 000.00, outside what the rest of the census shows. Treat it as unverified until someone has looked.
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 1509 out | R 512 | R 430 000 | 840 | 226 | 2026 |
| Erf 1725 | R 1 217 | R 730 000 | 600 | 48 | 2025 |
| Erf 1660 | R 1 246 | R 850 000 | 682 | 237 | 2025 |
| Erf 1510 | R 1 433 | R 860 000 | 600 | 207 | 2025 |
| Erf 1727 | R 1 500 | R 900 000 | 600 | 48 | 2025 |
| Erf 1720 | R 1 500 | R 900 000 | 600 | 76 | 2025 |
| Erf 1899 | R 1 533 | R 920 000 | 600 | 176 | 2025 |
| Erf 1717 | R 1 552 | R 950 000 | 612 | 109 | 2025 |
| Erf 1673 | R 1 634 | R 1 000 000 | 612 | 197 | 2025 |
| Erf 1602 | R 1 658 | R 995 000 | 600 | 204 | 2025 |
| Erf 1878 | R 1 667 | R 1 400 000 | 840 | 155 | 2025 |
| Erf 1754 | R 1 750 | R 1 050 000 | 600 | 168 | 2025 |
| Erf 1877 | R 1 800 | R 1 080 000 | 600 | 130 | 2024 |
| Erf 1707 | R 2 000 | R 1 200 000 | 600 | 219 | 2025 |
| Erf 1900 out | R 2 167 | R 1 300 000 | 600 | 177 | 2025 |
13 nearby sales, sold 2024 to 2025; 2 excluded as outliers. The 2 marked out sit beyond three median absolute deviations of the rate: improved property filed against a vacant erf, or a transfer not at arm's length. They are struck through rather than dropped, so the exclusion can be argued with. The median runs across the rest, and the rates they span put this erf between R 744 600.00 and R 1 224 000.00. 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 · 9
| Registration to bid, refundable | R 50 000.00 |
| Sale held by | LENASIA |
| Case number | 2023/0446 |
| 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 13 nearby sales, sold 2024 to 2025; 2 excluded as outliers, 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.