Description

3 Bedroom Family Home on Large Erf

Locality

President Ridge

Source

SheriffHQ · ref 425123

Size

not established

Bedrooms

3

Title

Freehold

Occupancy

unknown

Reserve

published

Erf size

not assessed

Auction

12 Aug 2026

Days to auction

1 days

Sheriff

Randburg South West

Gross yield

no rent held for President Ridge

To market

144.8% above

Screening

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

Flags · 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 R162000 in its place.
• the lowest bid this sale permits, R1080000, is already above the R368782 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 9 nearby sales, sold 2024 to 2026; 3 excluded as outliers, at the median of sale price. It is evidence about the area, not a valuation of this property, which nobody has inspected.
• Attorneys for the execution creditor: STRAUSS DALY INC. ((010) 201-8600). This is the practical route to an arrears figure before auction day.