Property report · census 3 Aug 2026
426564 · 3 Bedroom Apartment in Scheme
Albertville, Unit 8 Potters Green - 12A Mayer Street
The auction
When
20 Aug 2026
Thursday · 17 lead days
Held by
Sheriff Johannesburg North
Gauteng
Where
Not re-read yet
the venue is on the notice and the source's page
Cash on auction day
R 8 450
balance R 45 000 by 10 Sep 2026
All-in cost
R 78 450
to R 794 200 at full provisions
Discount to market
—
no market value held
Gross yield
—
market reference 10.9%
The money ladder · bid basis: band
| Bid band (band) | R 50 000 – R 500 000 |
| All-in ceiling | R 794 200 |
Firm cost at the bid floor · R 78 450
| Bid price | R 50 000 |
| Sheriff's commission, incl VAT | R 3 450 |
| Transfer duty | R 0 |
| Conveyancing | R 25 000 |
| Firm cost per m² | — |
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 · review
?
size · review
?
market · review
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 R7500 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.