3 Bedroom Family Home on Large Erf
423584 · Centurion West · The Reeds · 3 bed · 1000 m² · freehold · auction 3 Aug 2026
Auction details
| Auction date | 3 Aug 2026 |
| Held by | Sheriff of the High Court Centurion West at 229 Blackwood Street |
Value indicators
| Last sold price | R 1 495 000.00 |
| Sale date | 2022/08/17 |
Walk away above R 1 342 301.26 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 recited | R 975 419.00 |
| Sheriff's commission | R 25 131.29 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 3 769.69 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 40 000.00 |
| Firm cost | R 1 044 319.98 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 80 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Eviction | R 0.00 – R 45 000.00 |
| Holding cost | R 4 500.00 – R 13 500.00 |
| Provisioned range | R 4 500.00 – R 188 500.00 |
Cash
| On auction day | R 126 442.88 |
| Balance by 24 Aug 2026 | R 877 877.10 |
| All-in, floor to ceiling | R 1 044 319.98 – R 1 352 044.47 |
| All-in per m² at the ceiling | R 1 352.04 |
Registered against the title · 2
| Bond, Pty Ltd B57613/2022 | R 1 495 000.00 |
| Interdict I-1950/2025AT | — |
Nearby sales · 6 used of 15
= Consistent with its own 2022 sale of R 1 495 000.00, at 2.2% a year over 4.0 years.
Selected sale Erf 512 · R 1 800/m² · R 1 800 000 · 1000m² · 25m away · sold 2025 · context only
Used by model Context only
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 648 | R 1 200 | R 1 200 000 | 1000 | 290 | 2025 |
| Erf 658 | R 1 300 | R 1 300 000 | 1000 | 127 | 2024 |
| Erf 501 | R 1 580 | R 1 580 000 | 1000 | 95 | 2023 |
| Erf 465 | R 1 680 | R 1 680 000 | 1000 | 216 | 2026 |
| Erf 504 | R 1 724 | R 1 723 727 | 1000 | 162 | 2024 |
| Erf 512 | R 1 800 | R 1 800 000 | 1000 | 25 | 2025 |
| Erf 532 | R 1 800 | R 1 800 000 | 1000 | 157 | 2024 |
| Erf 628 | R 1 800 | R 1 800 000 | 1000 | 189 | 2025 |
| Erf 638 | R 1 800 | R 1 800 000 | 1000 | 232 | 2024 |
| Erf 476 | R 1 850 | R 1 850 000 | 1000 | 152 | 2024 |
| Erf 504 | R 1 850 | R 1 850 000 | 1000 | 162 | 2023 |
| Erf 650 | R 1 850 | R 1 850 000 | 1000 | 246 | 2025 |
| Erf 611 | R 1 850 | R 1 850 000 | 1000 | 310 | 2026 |
| Erf 548 | R 1 950 | R 1 950 000 | 1000 | 168 | 2024 |
| Unit 16 Gonessa Gebou 7 Marquard Street | R 8 594 | R 550 000 | 64 | 313 | 2026 |
6 nearby sales, sold 2023 to 2026. The median runs across the rest, and the rates they span put this erf between R 1 200 000.00 and R 1 950 000.00. 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 · 6
| Evidence read | 2026-07-31 |
Flags · 3
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 6 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: LGR Incorporated ((012) 817- 4843). This is the practical route to an arrears figure before auction day.