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

419356 · 3 Bedroom Apartment with Balcony and Patio

New Redruth, Unit 13 Lezar House - Co Penanze And St Aubyn Street

improved 3 bed 166 m² sectional / HOA ? review confidence low 2 bondsonly lot

The auction

When 23 Sep 2026 Wednesday · 51 lead days
Held by Sheriff Vanderbijlpark Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 49 149 balance R 296 948 by 14 Oct 2026
All-in cost R 371 097 to R 1 099 807 at full provisions
Discount to market 0.0% value R 1 099 807
Gross yield market reference 10.9%

The money ladder · bid basis: anchored

Bid band (anchored) R 329 942 – R 785 679
All-in ceiling R 1 099 807
Walk-away price R 785 679
Market value R 1 099 807

Firm cost at the bid floor · R 371 097

Bid price R 329 942
Sheriff's commission, incl VAT R 16 155
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 2 236
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 248 500

Municipal arrears R 80 000
Remediation R 50 000
Levy arrears R 60 000
Eviction R 45 000
Holding cost R 13 500

Evaluation states

reserve · no reserve size · pass walk away · pass ? market · review

Registered transfers nearby · 15 within 207 m

market value R 1 099 807 R 710 000 · 0 m · 2025 R 1 800 000 · 32 m · 2024 R 2 400 000 · 63 m · 2024 R 1 550 000 · 97 m · 2024 R 2 000 000 · 110 m · 2025 R 1 775 000 · 123 m · 2025 R 1 500 000 · 124 m · 2025 R 1 975 000 · 124 m · 2025 R 1 500 000 · 132 m · 2025 R 1 600 000 · 148 m · 2025 R 1 099 500 · 150 m · 2025 R 1 600 000 · 150 m · 2025 R 1 950 000 · 187 m · 2025 R 1 950 000 · 200 m · 2026 R 2 300 000 · 207 m · 2026 0 m 207 m

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

Apartments in this suburb · average sale price by year

2019: R 754 500 across 82 sales 2020: R 800 000 across 90 sales 2021: R 880 000 across 109 sales 2022: R 780 000 across 129 sales 2023: R 772 500 across 94 sales 2024: R 785 000 across 81 sales 2025: R 775 000 across 85 sales R 754 500 R 775 000 2019 2025

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

Provenance

Case opened2024
Oldest bond registered2015
The firm's live book2 sales in this census

Warnings · 3

  • conveyancing_bands
  • 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 R49491 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.

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