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

423750 · 3 Bedroom Family Home on Erf 18344 Worcester

Worcester - 48 Govender Street

improved 3 bed 416 m² ? review confidence low only lot

The auction

When 5 Aug 2026 Wednesday · 2 lead days
Held by Sheriff Worcester Western Cape
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 128 739 balance R 895 500 by 26 Aug 2026
All-in cost R 1 064 239 to R 1 383 955 at full provisions
Discount to market 9.2% value R 1 524 341
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 995 000 – R 1 094 500
All-in ceiling R 1 383 955
Walk-away price R 1 231 861
Market value R 1 524 341

Firm cost at the bid floor · R 1 064 239

Bid price R 995 000
Sheriff's commission, incl VAT R 29 239
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 2 558
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 502 m

market value R 1 524 341 R 1 500 000 · 14 m · 2025 R 1 630 000 · 14 m · 2024 R 1 700 000 · 128 m · 2026 R 1 240 000 · 134 m · 2024 R 1 550 000 · 188 m · 2025 R 2 200 000 · 197 m · 2024 R 1 700 000 · 250 m · 2024 R 500 000 · 305 m · 2023 R 1 850 000 · 322 m · 2025 R 11 730 000 · 376 m · 2025 R 7 820 000 · 446 m · 2025 R 7 200 · 449 m · 2022 R 7 200 · 461 m · 2022 R 2 750 000 · 475 m · 2025 R 2 750 000 · 502 m · 2025 0 m 502 m

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

Houses in this suburb · average sale price by year

2019: R 1 080 000 across 11 sales 2020: R 1 295 000 across 5 sales 2021: R 1 265 000 across 9 sales 2022: R 0 2023: R 1 397 500 across 6 sales 2024: R 1 420 000 across 6 sales 2025: R 1 550 000 across 5 sales R 1 080 000 R 1 550 000 2019 2025

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

Provenance

Case opened2023
Oldest bond registered2020
Reserve is rand-exactR 995 000.00
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 R149250 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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