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

425160 · 2 Bedroom Apartment

Zuurfontein 33-Ir, Unit 46 Griffendale - Colin Paul Street

improved 2 bed 66 m² sectional / HOA excluded confidence low

The auction

When 6 Aug 2026 Thursday · 3 lead days
Held by Sheriff Kempton Park Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 55 469 balance R 337 500 by 27 Aug 2026
All-in cost R 417 969 to R 705 191 at full provisions
Discount to market -15.2% value R 612 082
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 375 000 – R 412 500
All-in ceiling R 705 191
Walk-away price R 322 718
Market value R 612 082

Firm cost at the bid floor · R 417 969

Bid price R 375 000
Sheriff's commission, incl VAT R 17 969
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 6 333
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 197 m

market value R 612 082 R 590 000 · 0 m · 2025 R 660 000 · 0 m · 2025 R 700 000 · 0 m · 2025 R 620 000 · 0 m · 2024 R 650 000 · 0 m · 2024 R 55 600 000 · 94 m · 2023 R 56 800 000 · 94 m · 2025 R 640 000 · 125 m · 2025 R 677 000 · 125 m · 2025 R 640 000 · 125 m · 2025 R 650 000 · 150 m · 2026 R 580 000 · 150 m · 2025 R 711 000 · 150 m · 2025 R 760 000 · 197 m · 2025 R 920 000 · 197 m · 2025 0 m 197 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 29 sales 2020: R 665 000 across 30 sales 2021: R 740 000 across 47 sales 2022: R 755 000 across 30 sales 2023: R 682 500 across 26 sales 2024: R 660 000 across 15 sales 2025: R 705 500 across 26 sales R 650 000 R 705 500 2019 2025

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

Provenance

Oldest bond registered2020
Reserve is rand-exactR 375 000.00
The firm's live book9 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 R56250 in its place.
  • the lowest bid this sale permits, R375000, is already above the R322718 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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