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

425124 · 2 Bedroom Apartment with 1 Bathroom

Florida, Unit 9 West Lynne Court - First Avenue

improved 2 bed 95 m² sectional / HOA excluded confidence low

The auction

When 14 Aug 2026 Friday · 11 lead days
Held by Sheriff Roodepoort North Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 57 768 balance R 352 257 by 4 Sep 2026
All-in cost R 435 025 to R 723 538 at full provisions
Discount to market -63.6% value R 442 161
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 391 397 – R 430 536
All-in ceiling R 723 538
Walk-away price R 159 371
Market value R 442 161

Firm cost at the bid floor · R 435 025

Bid price R 391 397
Sheriff's commission, incl VAT R 18 629
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 4 579
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

Registered transfers nearby · 15 within 182 m

market value R 442 161 R 470 000 · 0 m · 2025 R 470 000 · 0 m · 2025 R 480 000 · 0 m · 2025 R 480 000 · 0 m · 2025 R 395 000 · 32 m · 2025 R 395 000 · 32 m · 2025 R 520 000 · 71 m · 2025 R 400 000 · 103 m · 2026 R 450 000 · 103 m · 2026 R 440 000 · 103 m · 2025 R 360 000 · 103 m · 2025 R 1 700 000 · 116 m · 2026 R 490 000 · 123 m · 2025 R 500 000 · 129 m · 2025 R 325 000 · 182 m · 2025 0 m 182 m

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

Apartments in this suburb · average sale price by year

2019: R 650 000 across 525 sales 2020: R 643 000 across 455 sales 2021: R 550 000 across 507 sales 2022: R 650 000 across 559 sales 2023: R 650 000 across 442 sales 2024: R 850 000 across 425 sales 2025: R 666 666 across 460 sales R 650 000 R 666 666 2019 2025

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

Provenance

Case opened2025
Oldest bond registered2022
Reserve is rand-exactR 391 396.55
The firm's live book6 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 R58709 in its place.
  • the lowest bid this sale permits, R391397, is already above the R159371 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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