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

423747 · 3 Bedroom House with 2 Garages

Mitchells Plain - 5 Verdi Street

improved 3 bed 281 m² ? review confidence low 2 same hammer

The auction

When 5 Aug 2026 Wednesday · 2 lead days
Held by Sheriff Mitchells Plain South Western Cape
Where 48 Church Way, Strandfontein as the notice recites it
Cash on auction day R 106 110 balance R 721 800 by 26 Aug 2026
All-in cost R 867 910 to R 1 137 993 at full provisions
Discount to market 11.8% value R 1 290 306
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 802 000 – R 882 200
All-in ceiling R 1 137 993
Walk-away price R 1 012 269
Market value R 1 290 306

Firm cost at the bid floor · R 867 910

Bid price R 802 000
Sheriff's commission, incl VAT R 25 910
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 3 089
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 233 m

market value R 1 290 306 R 1 000 000 · 44 m · 2025 R 1 650 000 · 62 m · 2025 R 1 375 000 · 64 m · 2025 R 1 400 000 · 72 m · 2025 R 850 000 · 99 m · 2024 R 1 699 000 · 103 m · 2025 R 1 670 000 · 114 m · 2025 R 1 599 000 · 129 m · 2026 R 890 000 · 153 m · 2024 R 1 195 000 · 155 m · 2025 R 600 000 · 160 m · 2025 R 1 850 000 · 171 m · 2025 R 1 725 000 · 171 m · 2024 R 1 800 000 · 209 m · 2025 R 760 000 · 233 m · 2025 0 m 233 m

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

Houses in this suburb · average sale price by year

2019: R 880 000 across 17 sales 2020: R 1 112 500 across 12 sales 2021: R 1 125 000 across 26 sales 2022: R 1 237 500 across 20 sales 2023: R 1 250 000 across 8 sales 2024: R 1 125 000 across 12 sales 2025: R 1 250 000 across 14 sales R 880 000 R 1 250 000 2019 2025

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

Provenance

Oldest bond registered2020
Reserve is rand-exactR 802 000.00
The firm's live book2 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 R120300 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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