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

425088 · 1 Bedroom Apartment in Scheme

Dawn Park, Unit 23 Chelsea - 4940 Tsesebe Street

improved 1 bed 57 m² sectional / HOA ? review confidence low

The auction

When 14 Aug 2026 Friday · 11 lead days
Held by Sheriff Boksburg Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 45 651 balance R 274 500 by 4 Sep 2026
All-in cost R 345 151 to R 625 379 at full provisions
Discount to market 6.2% value R 667 021
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 305 000 – R 335 500
All-in ceiling R 625 379
Walk-away price R 375 531
Market value R 667 021

Firm cost at the bid floor · R 345 151

Bid price R 305 000
Sheriff's commission, incl VAT R 15 151
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 6 055
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 248 500

Municipal arrears R 80 000
Remediation R 50 000
Levy arrears R 60 000
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 207 m

market value R 667 021 R 670 000 · 0 m · 2025 R 580 000 · 0 m · 2025 R 690 000 · 0 m · 2024 R 550 000 · 0 m · 2025 R 480 000 · 0 m · 2024 R 430 000 · 84 m · 2025 R 1 040 000 · 87 m · 2025 R 760 000 · 152 m · 2025 R 850 000 · 170 m · 2024 R 620 000 · 183 m · 2025 R 460 000 · 196 m · 2025 R 650 000 · 196 m · 2025 R 425 000 · 197 m · 2025 R 1 310 000 · 198 m · 2025 R 720 000 · 207 m · 2025 0 m 207 m

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

Apartments in this suburb · average sale price by year

2019: R 450 000 across 8 sales 2020: R 625 000 across 38 sales 2021: R 677 500 across 20 sales 2022: R 620 000 across 14 sales 2023: R 600 000 across 10 sales 2024: R 640 000 across 15 sales 2025: R 647 500 across 6 sales R 450 000 R 647 500 2019 2025

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

Provenance

Oldest bond registered2019
Reserve is rand-exactR 305 000.00
The firm's live book6 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 R45750 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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