3 Bedroom Family Home with Double Garage

Kalafong - 6 Thwane Street

3 bed · freehold · SheriffHQ · ref 352564

21.0% above the modelled market value

Recommendation Do not bid 1 screening test failed

Bid from R 872 456.00 reserve published on the listing

Walk away above R 751 986.83 modelled ceiling for this property

All-in at the ceiling R 1 216 831.45 bid plus every cost, firm and provisioned

Why + Pass, reserve · × Fail, walk away · ? Review, market

What would change this · 4

nobody with standing has signed off the conveyancing fee bands, which moved a figure here
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 R130868 in its place.
the lowest bid this sale permits, R872456, is already above the R751987 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.
Market value is derived from 15 nearby sales, sold 2023 to 2024, at the median of rate per square metre. It is evidence about the area, not a valuation of this property, which nobody has inspected.
Attorneys for the execution creditor: Delberg Attorneys Inc. ((012) 361-5001). This is the practical route to an arrears figure before auction day.