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

423682 · 4 Bedroom Family Home with Garages

Norkem Park - 11 Pa Van Schalkwyk Drive

improved 4 bed 992 m² ? review confidence low 15d balance

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 125 567 balance R 871 151 by 21 Aug 2026
All-in cost R 1 036 718 to R 1 343 682 at full provisions
Discount to market 2.9% value R 1 383 268
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 967 946 – R 1 064 741
All-in ceiling R 1 343 682
Walk-away price R 1 103 655
Market value R 1 383 268

Firm cost at the bid floor · R 1 036 718

Bid price R 967 946
Sheriff's commission, incl VAT R 28 772
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 1 045
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 284 m

market value R 1 383 268 R 670 000 · 80 m · 2024 R 100 000 · 80 m · 2021 R 1 400 000 · 128 m · 2025 R 981 000 · 140 m · 2025 R 1 750 000 · 163 m · 2025 R 1 250 000 · 165 m · 2025 R 1 500 000 · 186 m · 2025 R 1 530 000 · 194 m · 2025 R 1 018 000 · 216 m · 2024 R 1 400 000 · 222 m · 2026 R 1 440 000 · 222 m · 2025 R 1 550 000 · 233 m · 2024 R 1 665 000 · 263 m · 2024 R 1 800 000 · 271 m · 2025 R 1 250 000 · 284 m · 2025 0 m 284 m

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

Houses in this suburb · average sale price by year

2019: R 1 100 000 across 106 sales 2020: R 1 250 000 across 74 sales 2021: R 1 300 000 across 105 sales 2022: R 1 250 000 across 110 sales 2023: R 1 300 000 across 71 sales 2024: R 1 300 000 across 79 sales 2025: R 1 350 000 across 96 sales R 1 100 000 R 1 350 000 2019 2025

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

Provenance

Case opened2025
Oldest bond registered2018
Reserve is rand-exactR 967 946.00
The firm's live book6 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 R145192 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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