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

425158 · 2 Bedroom Apartment

Brakpan, Unit 80 Oaklane Mews - 38 De Waal Street

improved 2 bed 50 m² sectional / HOA excluded confidence low only lot

The auction

When 14 Aug 2026 Friday · 11 lead days
Held by Sheriff Brakpan Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 27 419 balance R 157 500 by 4 Sep 2026
All-in cost R 209 919 to R 476 623 at full provisions
Discount to market -56.3% value R 305 005
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 175 000 – R 192 500
All-in ceiling R 476 623
Walk-away price R 28 055
Market value R 305 005

Firm cost at the bid floor · R 209 919

Bid price R 175 000
Sheriff's commission, incl VAT R 9 919
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 4 198
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 133 m

market value R 305 005 R 330 000 · 0 m · 2025 R 750 000 · 0 m · 2026 R 400 000 · 0 m · 2026 R 530 000 · 0 m · 2025 R 590 000 · 0 m · 2025 R 720 000 · 0 m · 2025 R 535 000 · 0 m · 2025 R 450 000 · 0 m · 2025 R 480 000 · 0 m · 2025 R 550 000 · 0 m · 2025 R 600 000 · 0 m · 2025 R 470 000 · 0 m · 2025 R 475 000 · 0 m · 2025 R 550 000 · 0 m · 2025 R 550 000 · 133 m · 2025 0 m 133 m

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

Apartments in this suburb · average sale price by year

2019: R 499 000 across 111 sales 2020: R 499 000 across 30 sales 2021: R 580 000 across 17 sales 2022: R 577 500 across 18 sales 2023: R 605 000 across 16 sales 2024: R 560 000 across 17 sales 2025: R 550 000 across 21 sales R 499 000 R 550 000 2019 2025

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

Provenance

Oldest bond registered2019
Reserve is rand-exactR 175 000.00
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 R26250 in its place.
  • the lowest bid this sale permits, R175000, is already above the R28055 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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