PropertyLane Census 3 Aug 2026 Sign in
387 sales in execution 197 with a reserve 40 without one 8 provinces

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3 Bedroom Family Home with Double Garage

425136 · Randburg South West · Franklin Roosevelt Park · 3 bed · 996 m² · freehold · auction 12 Aug 2026

SheriffHQ
+Pass, reserve +Pass, walk_away ?Review, market 9 days

Auction details

Auction date 12 Aug 2026
Held bySheriff OF THE HIGH COURT RANDBURG SOUTH WEST

Value indicators

Last sold priceR 420 000.00
Sale date2002/11/10
Gross yield
not computed
no rent held for Franklin Roosevelt Park
Under market
22.6%
value R 1 781 422.85

Walk away above R 1 486 892.19 Bid more than this and the all-in cost, provisions at full, passes what the property is worth. It is a ceiling on the bid, not a forecast of it, and it moves with the provisions.

Firm, figures that exist

Bid price, reserve published on the listing R 1 000 000.00
Sheriff's commissionR 25 500.00
Commission VAT rate unconfirmed, as at 2025-05-01 R 3 825.00
Transfer dutyR 0.00
Conveyancing and transfer placeholder tariff, nobody has confirmed it R 40 000.00
Firm costR 1 069 325.00

Provisioned, bounded and never quoted

Municipal arrears R 0.00R 80 000.00
Remediation R 0.00R 50 000.00
Eviction R 0.00R 45 000.00
Holding cost R 4 500.00R 13 500.00
Provisioned range R 4 500.00R 188 500.00

Cash

On auction dayR 129 325.00
Balance by 2 Sep 2026 R 900 000.00
All-in, floor to ceiling R 1 069 325.00R 1 379 550.00
All-in per m² at the ceilingR 1 385.09

Registered against the title · 3

Bond, A B S A Bank Ltd B58316/2006 R 950 000.00
Interdict I-1880/2026AT
Interdict I-5470/2014AT
!2 interdicts registered. An interdict restrains dealing with the property and is not extinguished by the sale in the way a bond is. This is a question for the conveyancer before bidding, not after.

Nearby sales · 11 used of 15

Market value
R 1 781 422.85
R 1 788.58 per m², median

= Consistent with its own 2002 sale of R 420 000.00, at 6.3% a year over 23.7 years.

Start bottom-left Nearby sales below the model rate are the conservative benchmark.
Crosshairs: R 1 789/m² model median · 156m median distance

Selected sale Erf 173 · R 1 765/m² · R 1 850 000 · 1048m² · 61m away · sold 2024 · used by model

Used by model Context only Excluded outlier

All 15 nearby sales exact records
ErfPer m²PriceSize AwaySold
Erf 55 R 628 R 625 000 996 228 2025
Erf 197 R 1 255 R 1 250 000 996 156 2025
Erf 55 R 1 255 R 1 250 000 996 228 2025
Erf 29 R 1 606 R 1 600 000 996 165 2025
Erf 173 R 1 765 R 1 850 000 1048 61 2024
Erf 194 R 1 789 R 1 785 000 998 146 2024
Erf 41 R 1 857 R 1 850 000 996 104 2025
Erf 183 R 1 956 R 1 950 000 997 109 2025
Erf 54 R 1 958 R 1 950 000 996 201 2024
Erf 17 R 1 958 R 1 950 000 996 275 2026
Erf 246 R 2 510 R 2 500 000 996 206 2024
Erf 188 R 2 610 R 2 600 000 996 141 2025
Erf 46 R 2 640 R 1 600 000 606 127 2025
Erf 197 R 2 811 R 2 800 000 996 156 2025
Erf 228 out R 5 023 R 5 002 500 996 233 2024

11 nearby sales, sold 2024 to 2025; 1 excluded as outliers. The 1 marked out sit beyond three median absolute deviations of the rate: improved property filed against a vacant erf, or a transfer not at arm's length. They are struck through rather than dropped, so the exclusion can be argued with. The median runs across the rest, and the rates they span put this erf between R 625 000.00 and R 2 800 000.00. Sizes are in m² and distances in metres. Evidence about the area, not a valuation of this property, which nobody has inspected.

Recited by the notice · 7

Case number123683/2024
Evidence read 2026-07-31

Open-data screening · 5 of 7 sections reached

Context from public map and government GIS sources. It does not change the price verdict and is not a deed, valuation or geotechnical report.

Municipality City of Johannesburg Gauteng
Census 2022 context municipality level, not this property 4,803,262 people 1,841,916 households 89.8% formal dwellings 77.1% piped water 94.1% electricity
Education within 3.0 km 16 mapped nearest: Franklin D. Roosevelt Primary School, 128 m straight-line 0.7 min / 0.3 km driving
Healthcare within 3.0 km 19 mapped nearest: Dr. Theo Louridas, 320 m straight-line 1.0 min / 0.4 km driving
Grocery within 3.0 km 39 mapped nearest: Quickshop, 362 m straight-line 2.1 min / 1.1 km driving
Transport within 3.0 km 0 mapped
Not assessed flood, dolomite, soil, slope no authoritative layer configured

Map data © OpenStreetMap contributors.

Coverage and sources
Coordinates held SheriffHQ detail map · 2026-07-31
Administrative parsed DPME Census 2022 · 2026-08-02
Cadastral failed https://dffeportal.environment.gov.za/hosting/rest/services/CSG_Cadaster/CSG_Cadastral_Data/MapServer · 2026-08-02
Amenities parsed OpenStreetMap Overpass · 2026-08-02
Routes parsed OSRM · 2026-08-02
Demographics parsed DPME Census 2022 · 2026-08-02
Hazards failed configured official GIS layers · 2026-08-02

Flags · 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 R150000 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.

Market value is derived from 11 nearby sales, sold 2024 to 2025; 1 excluded as outliers, at the median of rate per square metre. It is evidence about the area, not a valuation of this property, which nobody has inspected.

Attorneys for the execution creditor: HACK (012 325 4185). This is the practical route to an arrears figure before auction day.

Keep this one Favourites hold a shortlist, not a decision

Provenance

Case opened 2024
Arrears accumulate from about then, and the arrears provision's ceiling ages with the judgment.
Oldest bond registered 2006
An old bond is mostly amortised: the creditor's exposure - and its floor - is lower than the amount suggests.
The firm's live book 2 sales in this census
The attorneys on record execute other live sales too. Panel volume, and a portfolio-clearance flag when the lots cluster in one area.