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

425191 · 2 Bedroom Apartment

Edenburg, Unit 18 La Piazza - Whelan Close

improved 2 bed 72 m² sectional / HOA ? review confidence low

The auction

When 11 Aug 2026 Tuesday · 8 lead days
Held by Sheriff Sandton South Gauteng
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 72 928 balance R 467 100 by 1 Sep 2026
All-in cost R 580 028 to R 881 323 at full provisions
Discount to market 2.1% value R 900 000
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 519 000 – R 570 900
All-in ceiling R 881 323
Walk-away price R 589 260
Market value R 900 000

Firm cost at the bid floor · R 580 028

Bid price R 519 000
Sheriff's commission, incl VAT R 21 028
Transfer duty R 0
Conveyancing R 40 000
Firm cost per m² R 8 056
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 · pass ? market · review

Registered transfers nearby · 15 within 185 m

market value R 900 000 R 1 050 000 · 0 m · 2026 R 901 397 · 54 m · 2025 R 1 450 000 · 54 m · 2025 R 1 300 000 · 54 m · 2025 R 1 950 000 · 54 m · 2024 R 1 700 000 · 93 m · 2025 R 2 200 000 · 96 m · 2025 R 2 200 000 · 96 m · 2025 R 1 980 000 · 98 m · 2025 R 1 100 000 · 112 m · 2025 R 1 100 000 · 136 m · 2025 R 1 100 000 · 136 m · 2025 R 1 200 000 · 136 m · 2025 R 1 200 000 · 136 m · 2025 R 9 600 006 · 185 m · 2024 0 m 185 m

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

Apartments in this suburb · average sale price by year

2019: R 1 355 000 across 190 sales 2020: R 1 250 000 across 255 sales 2021: R 1 200 000 across 183 sales 2022: R 1 575 000 across 215 sales 2023: R 1 165 000 across 136 sales 2024: R 945 000 across 206 sales 2025: R 1 017 491 across 174 sales R 1 355 000 R 1 017 491 2019 2025

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

Provenance

Oldest bond registered2021
Reserve is rand-exactR 519 000.00

Warnings · 3

  • 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 R77850 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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