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

425120 · 2 Bedroom Apartment

Comet, Unit 219 Comet Oaks - Goodwood Avenue

improved 2 bed sectional / HOA excluded 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 62 375 balance R 386 100 by 4 Sep 2026
All-in cost R 473 475 to R 765 615 at full provisions
Discount to market -47.7% value R 518 500
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 429 000 – R 471 900
All-in ceiling R 765 615
Walk-away price R 232 757
Market value R 518 500

Firm cost at the bid floor · R 473 475

Bid price R 429 000
Sheriff's commission, incl VAT R 19 475
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m²
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 · review walk away · fail ? market · review

Registered transfers nearby · 15 within 144 m

market value R 518 500 R 450 000 · 0 m · 2026 R 480 000 · 0 m · 2025 R 542 000 · 0 m · 2025 R 410 000 · 0 m · 2025 R 400 000 · 0 m · 2025 R 475 000 · 0 m · 2025 R 430 000 · 0 m · 2024 R 495 000 · 0 m · 2024 R 880 000 · 130 m · 2025 R 770 000 · 140 m · 2026 R 1 130 000 · 140 m · 2026 R 901 000 · 140 m · 2025 R 1 250 000 · 140 m · 2025 R 720 000 · 140 m · 2025 R 1 090 000 · 144 m · 2025 0 m 144 m

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

Apartments in this suburb · average sale price by year

2019: R 630 857 across 440 sales 2020: R 704 900 across 333 sales 2021: R 712 405 across 407 sales 2022: R 679 900 across 356 sales 2023: R 649 900 across 114 sales 2024: R 749 900 across 139 sales 2025: R 734 800 across 178 sales R 630 857 R 734 800 2019 2025

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

Provenance

Oldest bond registered2008
Reserve is rand-exactR 429 000.00
The firm's live book2 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 R64350 in its place.
  • the lowest bid this sale permits, R429000, is already above the R232757 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.

Full detail page Sign in to email this report