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

423582 · 3 Bedroom Family Home with Garage

Lenasia - 4 Palm Street

improved 3 bed 522 m² ? review confidence low

The auction

When 5 Aug 2026 Wednesday · 2 lead days
Held by Sheriff Lenasia Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 161 738 balance R 765 000 by 26 Aug 2026
All-in cost R 916 738 to R 1 191 704 at full provisions
Discount to market 11.4% value R 1 345 781
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 850 000 – R 935 000
All-in ceiling R 1 191 704
Walk-away price R 1 066 804
Market value R 1 345 781

Firm cost at the bid floor · R 916 738

Bid price R 850 000
Sheriff's commission, incl VAT R 26 738
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 1 756
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 188 500

Municipal arrears R 80 000
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 442 m

market value R 1 345 781 R 950 000 · 80 m · 2026 R 600 000 · 133 m · 2024 R 800 000 · 133 m · 2024 R 1 275 000 · 145 m · 2025 R 1 200 000 · 155 m · 2026 R 1 400 000 · 158 m · 2024 R 1 360 000 · 238 m · 2024 R 999 000 · 298 m · 2023 R 1 500 000 · 314 m · 2026 R 650 000 · 322 m · 2023 R 1 100 000 · 380 m · 2025 R 1 100 000 · 402 m · 2024 R 1 150 000 · 429 m · 2024 R 600 000 · 441 m · 2025 R 1 082 214 · 442 m · 2024 0 m 442 m

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

Houses in this suburb · average sale price by year

2019: R 880 000 across 16 sales 2020: R 914 500 across 8 sales 2021: R 786 500 across 10 sales 2022: R 1 000 000 across 14 sales 2023: R 775 000 across 12 sales 2024: R 900 000 across 7 sales 2025: R 700 000 across 15 sales R 880 000 R 700 000 2019 2025

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

Provenance

Case opened2024
Oldest bond registered2023
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 R127500 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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