PropertyLane assumptions v0 · localities v0
census 29 Jul 2026

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3 Bedroom Apartment with 2 Bathrooms

423668 · Lichtenburg · Lichtenburg · 3 bed · sectional · auction 30 Jul 2026

+Pass, reserve +Pass, walk_away ?Review, market -1 days
Gross yield
not computed
no rent held for Lichtenburg
Under market
25.3%
value R 752 692.52

Walk away above R 459 196.38 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 published on the listing R 250 000.00
Sheriff's commissionR 11 250.00
Commission VAT rate unconfirmed, as at 2018-04-01 R 1 687.50
Transfer dutyR 0.00
Conveyancing and transfer placeholder tariff, nobody has confirmed it R 25 000.00
Firm costR 287 937.50

Provisioned, bounded and never quoted

Municipal arrears R 0.00R 80 000.00
Remediation R 0.00R 50 000.00
Levy arrears R 0.00R 60 000.00
Eviction R 0.00R 45 000.00
Holding cost R 4 500.00R 13 500.00
Provisioned range R 4 500.00R 248 500.00

Cash

On auction dayR 37 937.50
Balance by 20 Aug 2026 R 225 000.00
All-in, floor to ceiling R 287 937.50R 562 443.75
All-in per m² at the ceilingR 4 228.90

Registered against the title · 2

Bond, Pty Ltd SB29619/2020 R 700 000.00
Interdict I-2094/2024AT
!1 interdict registered. An interdict restrains dealing with the property and is not extinguished by the sale in the way a bond is. This is a question for the conveyancer before bidding, not after.

Nearby sales · 8 used of 8

Market value
R 752 692.52
R 5 659.34 per m², median
Last sold
R 700 000.00
2019/06/03

= Consistent with its own 2019 sale of R 700 000.00, at 1.0% a year over 7.2 years.

ErfPer m²PriceSize AwaySold
Unit 37 Lichtenburg R 272 R 450 000 1653 219 2024
Unit 60 Lichtenburg R 674 R 1 700 000 2524 233 2024
Unit 60 Lichtenburg R 701 R 1 700 000 2424 257 2024
Unit 36 Lichtenburg R 992 R 590 000 595 252 2025
Unit 60 Lichtenburg R 1 004 R 1 000 000 996 199 2024
Unit 290 Lichtenburg R 1 024 R 630 000 615 71 2025
Unit 290 Lichtenburg R 1 717 R 860 000 501 100 2025
Unit 7 Shavanti Woonstelle 61 Bantjes Street R 3 939 R 650 000 165 182 2025
Unit 2 Shavanti Woonstelle 61 Bantjes Street R 4 305 R 650 000 151 182 2024
Unit 11 Shavanti Woonstelle 61 Bantjes Street R 4 901 R 740 000 151 182 2024
Unit 1 Shavanti Woonstelle 61 Bantjes Street R 5 620 R 725 000 129 182 2024
Unit 9 Buiten Tuine R 5 699 R 775 000 136 0 2024
Unit 2 Buiten Tuine R 5 852 R 790 000 135 0 2025
Unit 8 Buiten Tuine R 6 103 R 830 000 136 0 2025
Unit 4 Buiten Tuine R 6 471 R 880 000 136 0 2025

8 nearby sales, sold 2024 to 2025. The median runs across the rest, and the rates they span put this erf between R 523 939.39 and R 860 588.24. 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

Sale held byLichtenburg 27 Dr Beyers Naude drive
Case number2725/2022
Evidence read 2026-07-31

Flags · 4

!conveyancing_bands
!vat_rate
!commission scale not recited in the notice - configured fallback used
!VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R37500 in its place.

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 8 nearby sales, sold 2024 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: Haasbroek & Boezaart Inc. (0124813551). This is the practical route to an arrears figure before auction day.

Keep this one Favourites hold a shortlist, not a decision