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

425138 · 3 Bedroom Home with Outbuilding and Carport

Primrose - 13 Cornflower Road

improved 3 bed 991 m² excluded confidence low 3 same hammer

The auction

When 5 Aug 2026 Wednesday · 2 lead days
Held by Sheriff Germiston North Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 122 332 balance R 846 323 by 26 Aug 2026
All-in cost R 1 008 655 to R 1 312 813 at full provisions
Discount to market -21.1% value R 1 084 107
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 940 359 – R 1 034 395
All-in ceiling R 1 312 813
Walk-away price R 829 227
Market value R 1 084 107

Firm cost at the bid floor · R 1 008 655

Bid price R 940 359
Sheriff's commission, incl VAT R 28 296
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 1 018
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 188 500

Municipal arrears R 80 000
Remediation R 50 000
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 273 m

market value R 1 084 107 R 850 000 · 88 m · 2025 R 1 320 000 · 134 m · 2024 R 1 395 000 · 138 m · 2025 R 1 150 000 · 138 m · 2025 R 260 000 · 162 m · 2026 R 340 000 · 162 m · 2024 R 200 000 · 162 m · 2025 R 440 000 · 212 m · 2025 R 370 000 · 216 m · 2025 R 370 000 · 216 m · 2025 R 260 000 · 216 m · 2025 R 1 165 000 · 221 m · 2025 R 1 395 000 · 249 m · 2025 R 329 000 · 273 m · 2008 R 658 000 · 273 m · 2020 0 m 273 m

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

Houses in this suburb · average sale price by year

2019: R 900 000 across 178 sales 2020: R 950 000 across 151 sales 2021: R 1 150 000 across 221 sales 2022: R 1 200 000 across 136 sales 2023: R 1 200 000 across 167 sales 2024: R 1 250 000 across 141 sales 2025: R 1 200 000 across 161 sales R 900 000 R 1 200 000 2019 2025

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

Provenance

Case opened2024
Oldest bond registered2022
Reserve is rand-exactR 940 359.00
The firm's live book4 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 R141054 in its place.
  • the lowest bid this sale permits, R940359, is already above the R829227 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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