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

425189 · 1 Bedroom Apartment in Sectional Title Scheme

Heuweloord, Unit 428 The Junction At Forest Hill - 10 Silver Eike Avenue

improved 1 bed 53 m² sectional / HOA excluded confidence low

The auction

When 3 Aug 2026 Monday · 0 lead days
Held by Sheriff Centurion West Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 62 700 balance R 388 589 by 24 Aug 2026
All-in cost R 476 289 to R 768 710 at full provisions
Discount to market -10.3% value R 696 852
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 431 766 – R 474 942
All-in ceiling R 768 710
Walk-away price R 404 303
Market value R 696 852

Firm cost at the bid floor · R 476 289

Bid price R 431 766
Sheriff's commission, incl VAT R 19 523
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 8 987
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

Apartments in this suburb · average sale price by year

2019: R 899 000 across 481 sales 2020: R 857 500 across 408 sales 2021: R 749 000 across 1068 sales 2022: R 1 000 000 across 709 sales 2023: R 950 000 across 343 sales 2024: R 985 000 across 293 sales 2025: R 1 000 000 across 643 sales R 899 000 R 1 000 000 2019 2025

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

Provenance

Reserve is rand-exactR 431 765.80
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 R64765 in its place.
  • the lowest bid this sale permits, R431766, is already above the R404303 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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