Land for Sale
425163 · Graskop · Burgersfort Ext 34 · 776 m² · freehold · auction 12 Aug 2026
Auction details
| Auction date | 12 Aug 2026 |
| Auction venue | 80 Kantoor Street, Lydenburg |
| Held by | Sheriff LYDENBURG & BURGERSFORT |
Value indicators
| Last sold price | R 337 418.00 |
| Sale date | 2008/07/19 |
Walk away above R 111 020.69 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, opening, anchored to market value | R 98 059.28 |
| Sheriff's commission | R 5 883.56 |
| Commission VAT rate unconfirmed, as at 2025-05-01 | R 882.53 |
| Transfer duty | R 0.00 |
| Conveyancing and transfer placeholder tariff, nobody has confirmed it | R 25 000.00 |
| Firm cost | R 129 825.37 |
Provisioned, bounded and never quoted
| Municipal arrears | R 0.00 – R 120 000.00 |
| Remediation | R 0.00 – R 50 000.00 |
| Holding cost | R 4 500.00 – R 13 500.00 |
| Provisioned range | R 4 500.00 – R 183 500.00 |
Cash
| On auction day | R 31 572.02 |
| Balance by 2 Sep 2026 | R 88 253.35 |
| All-in, floor to ceiling | R 129 825.37 – R 326 864.27 |
| All-in per m² at the ceiling | R 421.22 |
Registered against the title · 3
| Bond, Absa Bank Ltd B90347/2008PTA | R 338 000.00 |
| Interdict I-16964/2009LGPTA | — |
| Interdict I-290/2023AT | — |
Nearby sales · 11 used of 15
= Consistent with its own 2008 sale of R 337 418.00, at -0.2% a year over 18.0 years.
All 15 nearby sales exact records
| Erf | Per m² | Price | Size | Away | Sold |
|---|---|---|---|---|---|
| Erf 2589 | R 282 | R 150 000 | 532 | 344 | 2025 |
| Erf 2548 | R 352 | R 190 000 | 540 | 374 | 2024 |
| Erf 3110 | R 401 | R 220 000 | 549 | 215 | 2024 |
| Erf 2762 | R 402 | R 240 000 | 597 | 329 | 2024 |
| Erf 2786 | R 407 | R 220 000 | 540 | 387 | 2024 |
| Erf 2956 | R 421 | R 270 000 | 641 | 230 | 2025 |
| Erf 2549 | R 444 | R 240 000 | 540 | 383 | 2025 |
| Erf 2791 | R 460 | R 250 000 | 543 | 428 | 2025 |
| Erf 2799 | R 495 | R 438 000 | 885 | 311 | 2025 |
| Erf 2800 | R 522 | R 280 000 | 536 | 343 | 2025 |
| Erf 3071 | R 534 | R 250 000 | 468 | 234 | 2024 |
| Erf 2968 out | R 1 016 | R 640 000 | 630 | 216 | 2023 |
| Erf 2568 out | R 2 307 | R 1 246 000 | 540 | 323 | 2024 |
| Erf 2966 out | R 2 460 | R 1 550 000 | 630 | 176 | 2025 |
| Erf 2697 out | R 2 963 | R 1 600 000 | 540 | 447 | 2025 |
11 nearby sales, sold 2024 to 2025; 4 excluded as outliers. The 4 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 218 796.99 and R 414 529.91. 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 · 14
| Zoning | RESIDENTIAL |
| Occupancy | vacant |
| Registration to bid, refundable | R 15 000.00 |
| Occupational rental if you take possession early | 1.0% of price, monthly |
| Case number | 4687/2022 |
| Evidence read | 2026-07-31 |
Flags · 3
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; 4 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: VZLR Inc Attorneys ((012) 4359444). This is the practical route to an arrears figure before auction day.