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

425104 · 2 Bedroom Apartment with Wooden Floors

Vanderbijlpark S. W. 5, Unit 10 Los Alamos - 25 52 Wenning Street

improved 2 bed 68 m² sectional / HOA excluded confidence low

The auction

When 14 Aug 2026 Friday · 11 lead days
Held by Sheriff Vanderbijlpark Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 64 720 balance R 404 100 by 4 Sep 2026
All-in cost R 493 820 to R 787 995 at full provisions
Discount to market -19.4% value R 660 000
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 449 000 – R 493 900
All-in ceiling R 787 995
Walk-away price R 368 782
Market value R 660 000

Firm cost at the bid floor · R 493 820

Bid price R 449 000
Sheriff's commission, incl VAT R 19 820
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 7 262
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 · fail ? market · review

Apartments in this suburb · average sale price by year

2019: R 731 000 across 30 sales 2020: R 630 000 across 40 sales 2021: R 740 000 across 65 sales 2022: R 795 000 across 53 sales 2023: R 795 000 across 55 sales 2024: R 902 500 across 28 sales 2025: R 850 000 across 31 sales R 731 000 R 850 000 2019 2025

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

Provenance

Oldest bond registered2008
Reserve is rand-exactR 449 000.00
The firm's live book3 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 R67350 in its place.
  • the lowest bid this sale permits, R449000, is already above the R368782 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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