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

423674 · 2 Bedroom Apartment with Carport

Mooifontein 14-IR, Unit 479 Midriver Estate - 48 Oranjerivier Drive

improved 2 bed 68 m² sectional / HOA ? review confidence low

The auction

When 6 Aug 2026 Thursday · 3 lead days
Held by Sheriff Kempton Park Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 30 925 balance R 180 000 by 27 Aug 2026
All-in cost R 235 925 to R 505 230 at full provisions
Discount to market 17.1% value R 609 655
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 200 000 – R 220 000
All-in ceiling R 505 230
Walk-away price R 320 385
Market value R 609 655

Firm cost at the bid floor · R 235 925

Bid price R 200 000
Sheriff's commission, incl VAT R 10 925
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 3 469
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 · pass size · pass walk away · pass ? market · review

Apartments in this suburb · average sale price by year

2019: R 670 000 across 99 sales 2020: R 632 500 across 92 sales 2021: R 657 000 across 105 sales 2022: R 650 000 across 97 sales 2023: R 650 000 across 83 sales 2024: R 715 000 across 78 sales 2025: R 650 000 across 84 sales R 670 000 R 650 000 2019 2025

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

Provenance

Case opened2024
Oldest bond registered2018
The firm's live book12 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 R30000 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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