PropertyLane assumptions v0 · localities v0
census 29 Jul 2026

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2 Bedroom Sectional Title Apartment

425096 · Roodepoort North · Wilgeheuwel · 2 bed · sectional · auction 14 Aug 2026

+Pass, reserve ×Fail, walk_away ?Review, market 14 days · in window
Gross yield
not computed
no rent held for Wilgeheuwel
Over market
37.9%
value R 499 000.00, all-in above it

Walk away above R 214 011.05 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 360 000.00
Sheriff's commissionR 15 100.00
Commission VAT rate unconfirmed, as at 2018-04-01 R 2 265.00
Transfer dutyR 0.00
Conveyancing and transfer placeholder tariff, nobody has confirmed it R 25 000.00
Firm costR 402 365.00

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 53 365.00
Balance by 4 Sep 2026 R 324 000.00
All-in, floor to ceiling R 402 365.00R 688 314.00
All-in per m² at the ceilingR 13 496.35

Registered against the title · 2

Bond, S B Guarantee Co Rf Pty Ltd SB27984/2016 R 478 400.00
Interdict I-5150/2025AT
!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 · 7 used of 7

Market value
R 499 000.00
R 9 784.31 per m², median
Last sold
R 460 000.00
2016/02/16

= Consistent with its own 2016 sale of R 460 000.00, at 0.8% a year over 10.5 years.

ErfPer m²PriceSize AwaySold
Unit 208 Wilgeheuwel Ext 3 R 1 098 R 1 000 000 911 160 2026
Unit 164 Wilgeheuwel Ext 3 R 1 295 R 1 150 000 888 148 2025
Unit 159 Wilgeheuwel Ext 3 R 1 565 R 1 650 000 1054 84 2026
Unit 207 Wilgeheuwel Ext 3 R 1 569 R 1 500 000 956 140 2025
Unit 10 Questa Rey R 7 843 R 400 000 51 0 2024
Unit 58 Questa Rey R 8 824 R 450 000 51 0 2025
Unit 23 Esplendido 56 Strauss Avenue R 9 020 R 460 000 51 142 2025
Unit 70 Esplendido 56 Strauss Avenue R 9 216 R 470 000 51 142 2026
Unit 71 Esplendido 56 Strauss Avenue R 9 216 R 470 000 51 142 2026
Unit 52 Esplendido 56 Strauss Avenue R 9 216 R 470 000 51 142 2026
Unit 74 Esplendido 56 Strauss Avenue R 9 784 R 499 000 51 142 2026
Unit 15 Questa Rey R 9 804 R 500 000 51 0 2025
Unit 37 Questa Rey R 10 392 R 530 000 51 0 2024
Unit 51 Questa Rey R 10 784 R 550 000 51 0 2025
Unit 31 Makoti 908 Sovereign Road R 12 400 R 1 550 000 125 138 2025

7 nearby sales, sold 2024 to 2026. The median runs across the rest, and the rates they span put this erf between R 400 000.00 and R 550 000.00. 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 · 7

Case number32939/2024
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 R54000 in its place.
!the lowest bid this sale permits, R360000, is already above the R214011 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 7 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: VEZI DE BEER ATTORNEYS (012 361 5640). This is the practical route to an arrears figure before auction day.

Keep this one Favourites hold a shortlist, not a decision