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

425201 · 3 Bedroom Family Home with Outbuilding and Garage

Merriespruit - 15 First Street

improved 3 bed 1122 m² ? review confidence low only lot

The auction

When 13 Aug 2026 Thursday · 10 lead days
Held by Sheriff Virginia Free State
Where Not re-read yet the venue is on the notice and the source's page
Cash on auction day R 62 962 balance R 390 600 by 3 Sep 2026
All-in cost R 478 562 to R 711 210 at full provisions
Discount to market -87.7% value R 378 982
Gross yield market reference 10.9%

The money ladder · bid basis: reserve

Bid band (reserve) R 434 000 – R 477 400
All-in ceiling R 711 210
Market value R 378 982

Firm cost at the bid floor · R 478 562

Bid price R 434 000
Sheriff's commission, incl VAT R 19 562
Transfer duty R 0
Conveyancing R 25 000
Firm cost per m² R 427
Sheriff's commission, incl VAT
Transfer duty
Conveyancing

Provisions, floor to ceiling · R 4 500 – R 188 500

Municipal arrears R 80 000
Remediation R 50 000
Eviction R 45 000
Holding cost R 13 500

Evaluation states

reserve · pass size · pass ? walk away · review ? market · review

Registered transfers nearby · 15 within 228 m

market value R 378 982 R 700 000 · 69 m · 2025 R 980 000 · 104 m · 2025 R 860 000 · 104 m · 2024 R 445 000 · 113 m · 2024 R 320 000 · 119 m · 2025 R 500 000 · 138 m · 2024 R 855 000 · 153 m · 2024 R 341 000 · 157 m · 2023 R 320 000 · 177 m · 2024 R 177 280 · 192 m · 2024 R 690 000 · 204 m · 2024 R 355 000 · 208 m · 2025 R 341 000 · 208 m · 2024 R 341 000 · 220 m · 2023 R 349 000 · 228 m · 2025 0 m 228 m

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

Houses in this suburb · average sale price by year

2019: R 470 000 across 27 sales 2020: R 369 500 across 25 sales 2021: R 430 000 across 35 sales 2022: R 410 000 across 36 sales 2023: R 355 000 across 22 sales 2024: R 341 000 across 33 sales 2025: R 380 000 across 43 sales R 470 000 R 380 000 2019 2025

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

Around the property · Matjhabeng, Free State

439 034people in the municipality
126 068households
88.15%formal dwellings
Education (4) 1699 m · 5.3 min
Grocery (3) 521 m · 1.9 min
Healthcare (2) 1738 m · 5.5 min
Transport (1) 2987 m · 7.6 min

Nearest of each kind within 3000 m; drive times where routed. Screening context, never a verdict input.

Provenance

Case opened2024
Oldest bond registered2021
Reserve is rand-exactR 434 000.00
The firm's live book19 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 R65100 in its place.
  • market value disagrees with this property's own last sale - this value implies -10.9% a year against its own 2021 sale, outside the -10% to +18% the rest of the census shows

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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