PropertyLane Census 3 Aug 2026 Sign in
387 sales in execution 197 with a reserve 40 without one 8 provinces

Property report · census 3 Aug 2026

415993 · 4 Bedroom Family Home with Staff Quarters and Pool

Lakefield - 1 Orbit Road

improved 4 bed 2377 m² ? review confidence low judgment 2018bond 2005only lot

The auction

When 17 Sep 2026 Thursday · 45 lead days
Held by Sheriff Benoni Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 211 375 balance R 1 440 000 by 8 Oct 2026
All-in cost R 1 711 375 to R 2 230 321 at full provisions
Discount to market 40.8% value R 3 770 254
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 1 600 000 – R 1 760 000
All-in ceiling R 2 230 321
Walk-away price R 3 187 746
Market value R 3 770 254

Firm cost at the bid floor · R 1 711 375

Bid price R 1 600 000
Sheriff's commission, incl VAT R 39 675
Transfer duty R 11 700
Conveyancing R 60 000
Firm cost per m² R 720
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 348 500

Municipal arrears aged R 240 000
Remediation R 50 000
Eviction R 45 000
Holding cost R 13 500

Evaluation states

reserve · pass size · pass walk away · pass ? market · review

Registered transfers nearby · 15 within 308 m

market value R 3 770 254 R 3 250 000 · 114 m · 2026 R 3 900 000 · 152 m · 2025 R 3 150 000 · 158 m · 2024 R 3 000 000 · 173 m · 2025 R 1 450 000 · 221 m · 2025 R 2 500 000 · 272 m · 2025 R 3 000 000 · 277 m · 2025 R 1 700 000 · 306 m · 2025 R 760 000 · 308 m · 2026 R 535 000 · 308 m · 2025 R 560 000 · 308 m · 2025 R 480 000 · 308 m · 2025 R 575 000 · 308 m · 2025 R 980 000 · 308 m · 2025 R 649 371 · 308 m · 2025 0 m 308 m

Each dot is a registered transfer: nearer is left, dearer is up.

Houses in this suburb · average sale price by year

2019: R 2 550 000 across 45 sales 2020: R 2 200 000 across 49 sales 2021: R 2 450 000 across 47 sales 2022: R 2 590 000 across 46 sales 2023: R 2 250 000 across 41 sales 2024: R 2 800 000 across 39 sales 2025: R 2 400 000 across 43 sales R 2 550 000 R 2 400 000 2019 2025

Suburb context only — it corroborates a value and never produces one.

Provenance

Case opened2018
Oldest bond registered2005
The firm's live book2 sales in this census

Warnings · 4

  • conveyancing_bands
  • commission scale not recited in the notice - configured fallback used
  • the municipal arrears ceiling is aged to the 2018-opened case: R240000 against the R80000 base, at R30000 a judgment-year capped at R240000 - unconfirmed model parameters, and still a provision, not a quote
  • VAT status is not recited, and notices do not state it: modelled as a transfer-duty sale at R11700. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R240000 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. Assumptions version 3. Modelled from the census of 3 Aug 2026; nothing here is a valuation of a property nobody has inspected.

Full detail page Sign in to email this report