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

423650 · 3 Bedroom Family Home

Eldorado Park - 33 Gips Street

improved 3 bed 396 m² ? review confidence low judgment 2019

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 16 055 balance R 85 500 by 26 Aug 2026
All-in cost R 126 555 to R 455 081 at full provisions
Discount to market 37.8% value R 732 101
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 95 000 – R 104 500
All-in ceiling R 455 081
Walk-away price R 370 801
Market value R 732 101

Firm cost at the bid floor · R 126 555

Bid price R 95 000
Sheriff's commission, incl VAT R 6 555
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 320
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 318 500

Municipal arrears aged R 210 000
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 428 m

market value R 732 101 R 725 000 · 65 m · 2023 R 660 000 · 232 m · 2025 R 850 000 · 247 m · 2025 R 750 000 · 288 m · 2025 R 600 000 · 291 m · 2026 R 690 000 · 306 m · 2024 R 700 000 · 335 m · 2023 R 561 000 · 335 m · 2023 R 820 000 · 336 m · 2024 R 750 000 · 353 m · 2026 R 1 600 000 · 371 m · 2024 R 663 000 · 403 m · 2025 R 250 000 · 403 m · 2024 R 336 409 · 428 m · 2023 R 1 000 · 428 m · 2024 0 m 428 m

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

Houses in this suburb · average sale price by year

2019: R 595 000 across 131 sales 2020: R 600 000 across 129 sales 2021: R 660 000 across 143 sales 2022: R 664 500 across 148 sales 2023: R 675 000 across 121 sales 2024: R 680 000 across 113 sales 2025: R 650 000 across 89 sales R 595 000 R 650 000 2019 2025

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

Provenance

Case opened2019
Oldest bond registered2013
Reserve is rand-exactR 95 000.00
The firm's live book6 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 2019-opened case: R210000 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 R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R14250 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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