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

423752 · 3 Bedroom Family Home with Garage

Eerste River - 10 Seemeeu Crescent

improved 3 bed 306 m² excluded confidence low 1% deposit25d balanceonly lot

The auction

When 4 Aug 2026 Tuesday · 1 lead day
Held by Sheriff Kuils River South Western Cape
Where 23Langverwacht Road, Klipdam as the notice recites it
Cash on auction day R 48 793 balance R 789 030 by 29 Aug 2026
All-in cost R 862 823 to R 1 142 398 at full provisions
Discount to market -26.0% value R 906 454
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 797 000 – R 876 700
All-in ceiling R 1 142 398
Walk-away price R 644 757
Market value R 906 454

Firm cost at the bid floor · R 862 823

Bid price R 797 000
Sheriff's commission, incl VAT R 25 823
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 2 820
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 · fail ? market · review

Registered transfers nearby · 15 within 251 m

market value R 906 454 R 1 200 000 · 65 m · 2024 R 1 550 000 · 67 m · 2025 R 1 250 000 · 89 m · 2025 R 1 475 000 · 89 m · 2024 R 1 350 000 · 109 m · 2024 R 750 000 · 150 m · 2025 R 750 000 · 150 m · 2024 R 750 000 · 154 m · 2025 R 550 000 · 167 m · 2025 R 1 190 000 · 194 m · 2025 R 830 000 · 195 m · 2025 R 830 000 · 197 m · 2025 R 850 000 · 198 m · 2025 R 850 000 · 216 m · 2026 R 640 000 · 251 m · 2025 0 m 251 m

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

Houses in this suburb · average sale price by year

2019: R 710 000 across 24 sales 2020: R 822 500 across 16 sales 2021: R 1 100 000 across 11 sales 2022: R 740 000 across 32 sales 2023: R 875 000 across 20 sales 2024: R 1 199 500 across 14 sales 2025: R 830 000 across 21 sales R 710 000 R 830 000 2019 2025

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

Provenance

Case opened2023
Oldest bond registered2021
Reserve is rand-exactR 797 000.00
The firm's live book19 sales in this census

Warnings · 5

  • 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 R119550 in its place.
  • the lowest bid this sale permits, R797000, is already above the R644757 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.

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