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

423690 · 4 Bedroom Family Home on Large Erf

Lombardy East - 45 Queen Alexandra Road

improved 4 bed 2023 m² ? review confidence low

The auction

When 4 Aug 2026 Tuesday · 1 lead day
Held by Sheriff Johannesburg East Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 84 887 balance R 558 900 by 25 Aug 2026
All-in cost R 683 787 to R 945 458 at full provisions
Discount to market 38.2% value R 1 529 244
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 621 000 – R 683 100
All-in ceiling R 945 458
Walk-away price R 1 236 542
Market value R 1 529 244

Firm cost at the bid floor · R 683 787

Bid price R 621 000
Sheriff's commission, incl VAT R 22 787
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 338
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 198 500

Municipal arrears aged R 90 000
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 317 m

market value R 1 529 244 R 2 400 000 · 63 m · 2025 R 1 400 000 · 71 m · 2023 R 1 600 000 · 115 m · 2026 R 1 590 000 · 143 m · 2024 R 1 250 000 · 151 m · 2024 R 1 250 000 · 171 m · 2024 R 1 530 000 · 171 m · 2024 R 900 000 · 179 m · 2025 R 950 000 · 191 m · 2025 R 250 000 · 241 m · 2024 R 34 000 · 241 m · 2024 R 960 000 · 284 m · 2024 R 1 800 000 · 285 m · 2024 R 1 720 000 · 312 m · 2025 R 1 950 000 · 317 m · 2025 0 m 317 m

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

Houses in this suburb · average sale price by year

2019: R 1 300 000 across 29 sales 2020: R 48 000 across 107 sales 2021: R 1 450 000 across 31 sales 2022: R 1 600 000 across 41 sales 2023: R 1 525 000 across 28 sales 2024: R 1 450 000 across 40 sales 2025: R 1 675 000 across 26 sales R 1 300 000 R 1 675 000 2019 2025

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

Provenance

Case opened2023
Oldest bond registered2015
Reserve is rand-exactR 621 000.00
The firm's live book17 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 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 R0. Were the execution debtor a registered VAT vendor, VAT on the same bid would be R93150 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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