Property report · census 3 Aug 2026
423623 · 3 Bedroom Home with Study and Outbuilding
Greenstone Hill - 3 Glasgow Street
The auction
The money ladder · bid basis: reserve
| Bid band (reserve) | R 3 553 000 – R 3 908 300 |
| All-in ceiling | R 4 420 069 |
| Walk-away price | R 2 774 706 |
| Market value | R 3 168 382 |
Firm cost at the bid floor · R 3 827 186
| Bid price | R 3 553 000 |
| Sheriff's commission, incl VAT | R 46 000 |
| Transfer duty | R 168 186 |
| Conveyancing | R 60 000 |
| Firm cost per m² | R 7 609 |
Provisions, floor to ceiling · R 4 500 – R 198 500
Evaluation states
Registered transfers nearby · 15 within 203 m
Each dot is a registered transfer: nearer is left, dearer is up.
Houses in this suburb · average sale price by year
Suburb context only — it corroborates a value and never produces one.
Provenance
| Case opened | 2023 |
| Oldest bond registered | 2014 |
| Reserve is rand-exact | R 3 553 000.00 |
| The firm's live book | 17 sales in this census |
Warnings · 5
- conveyancing_bands
- commission scale not recited in the notice - configured fallback used
- the municipal arrears ceiling is aged to the 2023-opened case: R90000 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 R168186. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R532950 in its place.
- the lowest bid this sale permits, R3553000, is already above the R2774706 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. Assumptions version 3. Modelled from the census of 3 Aug 2026; nothing here is a valuation of a property nobody has inspected.