PropertyLane assumptions v0 · localities v0
census 29 Jul 2026

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4 Bedroom House with Outbuilding and Pool

423698 · Germiston North · Woodmere · 4 bed · freehold · auction 5 Aug 2026

+Pass, reserve ×Fail, walk_away ?Review, market 5 days
Gross yield
not computed
no rent held for Woodmere
Over market
45.8%
value R 1 009 383.83, all-in above it

Walk away above R 755 771.76 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 1 080 000.00
Sheriff's commissionR 26 700.00
Commission VAT rate unconfirmed, as at 2018-04-01 R 4 005.00
Transfer dutyR 0.00
Conveyancing and transfer placeholder tariff, nobody has confirmed it R 60 000.00
Firm costR 1 170 705.00

Provisioned, bounded and never quoted

Municipal arrears R 0.00R 80 000.00
Remediation R 0.00R 50 000.00
Eviction R 0.00R 45 000.00
Holding cost R 4 500.00R 13 500.00
Provisioned range R 4 500.00R 188 500.00

Cash

On auction dayR 138 705.00
Balance by 26 Aug 2026 R 972 000.00
All-in, floor to ceiling R 1 170 705.00R 1 471 708.00
All-in per m² at the ceilingR 1 978.10

Registered against the title · 1

Bond, S B Guarantee Co Rf Pty Ltd B9255/2018 R 1 300 000.00

Nearby sales · 14 used of 14

Market value
R 1 009 383.83
R 1 356.70 per m², median
Last sold
R 1 300 000.00
2018/02/20

= Consistent with its own 2018 sale of R 1 300 000.00, at -3.0% a year over 8.4 years.

ErfPer m²PriceSize AwaySold
Erf 89 R 802 R 795 000 991 356 2025
Erf 1833 R 908 R 900 000 991 347 2025
Erf 12 R 984 R 975 000 991 221 2024
Erf 108 R 1 014 R 1 125 000 1110 132 2025
Erf 91 R 1 070 R 1 060 000 991 331 2025
Erf 60 R 1 203 R 1 350 000 1122 338 2025
Erf 133 R 1 326 R 1 000 000 754 304 2024
Erf 93 R 1 387 R 1 100 000 793 164 2023
Erf 1846 R 1 423 R 1 160 000 815 261 2024
Erf 118 R 1 558 R 1 430 000 918 234 2024
Erf 94 R 1 614 R 1 280 000 793 183 2025
Erf 1845 R 1 816 R 1 800 000 991 252 2026
Erf 94 R 1 866 R 1 480 000 793 183 2025
Erf 1206 R 2 273 R 1 600 000 704 325 2024
Unit 7 Woodmere Villas 7 Laurel Street R 6 731 R 1 050 000 156 53 2023

14 nearby sales, sold 2023 to 2026. The median runs across the rest, and the rates they span put this erf between R 596 851.66 and R 1 690 909.09. 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

Case number096094/2023
Evidence read 2026-07-31

Flags · 5

!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 R162000 in its place.
!the lowest bid this sale permits, R1080000, is already above the R755772 walk-away price - no bid in the band recovers its own cost against modelled value, so this cannot alert whatever the rent turns out to be

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 14 nearby sales, sold 2023 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: STRYDOM BRITZ MOHULATSI INC. (0123651887). This is the practical route to an arrears figure before auction day.

Keep this one Favourites hold a shortlist, not a decision