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

423703 · 3 Bedroom Family Home

South Hills - 7 Harrismith Street

improved 3 bed 583 m² excluded confidence low 1% deposit2 same hammer

The auction

When 4 Aug 2026 Tuesday · 1 lead day
Held by Sheriff Johannesburg East Gauteng
Where 61 VAN RIEBEECK STREET, ALBERTON In pursuance of a judgment granted by this Honourable Court on 19 JUNE 2025 as the notice recites it
Cash on auction day R 34 965 balance R 831 600 by 25 Aug 2026
All-in cost R 906 565 to R 1 180 514 at full provisions
Discount to market -11.6% value R 1 057 863
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 840 000 – R 924 000
All-in ceiling R 1 180 514
Walk-away price R 803 429
Market value R 1 057 863

Firm cost at the bid floor · R 906 565

Bid price R 840 000
Sheriff's commission, incl VAT R 26 565
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 1 555
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 · fail ? market · review

Registered transfers nearby · 15 within 247 m

market value R 1 057 863 R 1 150 000 · 66 m · 2024 R 705 000 · 79 m · 2023 R 680 000 · 136 m · 2025 R 935 000 · 152 m · 2025 R 850 000 · 167 m · 2026 R 1 380 000 · 167 m · 2026 R 750 000 · 169 m · 2025 R 1 550 000 · 173 m · 2026 R 980 000 · 176 m · 2025 R 670 000 · 199 m · 2026 R 350 000 · 202 m · 2025 R 435 000 · 202 m · 2025 R 1 100 000 · 205 m · 2025 R 1 000 000 · 207 m · 2025 R 900 000 · 247 m · 2025 0 m 247 m

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

Houses in this suburb · average sale price by year

2019: R 750 000 across 49 sales 2020: R 750 000 across 45 sales 2021: R 800 000 across 62 sales 2022: R 925 000 across 85 sales 2023: R 980 000 across 76 sales 2024: R 970 000 across 52 sales 2025: R 972 500 across 50 sales R 750 000 R 972 500 2019 2025

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

Provenance

Oldest bond registered2022
The firm's live book9 sales in this census

Warnings · 4

  • 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 R126000 in its place.
  • the lowest bid this sale permits, R840000, is already above the R803429 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.

Full detail page Sign in to email this report