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

425171 · 2 Bedroom Apartment in Sectional Title

Witfield, Unit 7 Protea Gardens - Knights Street, Cnr De Bruin Street

improved 2 bed 112 m² sectional / HOA ? review confidence low judgment 2018bond 20062 bonds

The auction

When 14 Aug 2026 Friday · 11 lead days
Held by Sheriff Boksburg Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 28 120 balance R 162 000 by 4 Sep 2026
All-in cost R 215 120 to R 642 344 at full provisions
Discount to market -1.3% value R 634 336
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 180 000 – R 198 000
All-in ceiling R 642 344
Walk-away price R 190 302
Market value R 634 336

Firm cost at the bid floor · R 215 120

Bid price R 180 000
Sheriff's commission, incl VAT R 10 120
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 1 921
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 408 500

Municipal arrears aged R 240 000
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 · pass ? market · review

Registered transfers nearby · 15 within 143 m

market value R 634 336 R 625 000 · 0 m · 2026 R 630 000 · 0 m · 2026 R 670 000 · 0 m · 2025 R 760 000 · 0 m · 2026 R 590 000 · 0 m · 2025 R 610 000 · 0 m · 2025 R 640 000 · 0 m · 2025 R 665 000 · 0 m · 2025 R 580 000 · 0 m · 2025 R 760 000 · 0 m · 2024 R 700 000 · 0 m · 2024 R 590 000 · 0 m · 2024 R 640 000 · 122 m · 2025 R 1 350 000 · 133 m · 2026 R 1 380 000 · 143 m · 2026 0 m 143 m

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

Apartments in this suburb · average sale price by year

2019: R 612 500 across 38 sales 2020: R 660 000 across 42 sales 2021: R 686 500 across 70 sales 2022: R 739 000 across 59 sales 2023: R 700 000 across 54 sales 2024: R 699 000 across 35 sales 2025: R 700 000 across 45 sales R 612 500 R 700 000 2019 2025

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

Provenance

Case opened2018
Oldest bond registered2006
The firm's live book7 sales in this census

Warnings · 4

  • conveyancing_bands
  • commission scale not recited in the notice - configured fallback used
  • the municipal arrears ceiling is aged to the 2018-opened case: R240000 against the R80000 base, at R30000 a judgment-year capped at R240000 - unconfirmed model parameters, and still a provision, not a quote
  • 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 R27000 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. 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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