Reserve: R982,175 Auction ended Sheriff auction

3 Bedroom Flat on Auction in Willow Park Manor, Pretoria

Unit 38 Silver Acres, Ouklipmuur Avenue, Willow Park Manor Ext 64
♡
3
Bedrooms
2
Bathrooms
1
Garage
170m²
Size
Auction date
26 Feb 2025, 10:00 (ended)
Venue
813 Stanza Bopape Street

This auction took place on 26 Feb 2025

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Insider Report for this property

Everything you need to set your maximum bid, from the Deeds Office and our sales database.

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Property valuation

Last sold price
Year last sold
Municipal valuation

Outstanding bond

Case no.29080/2022
PlaintiffSb Guarantee Company Rf Proprietary Limited Registration Number: 2006/021576/07
Bond amount

The bond shows what the creditor needs to recover — a guide to how low the bidding could go.

Property sales in Willow Park Manor

Average price 2025
R1m
Growth since 2020
−2.8% / yr
Properties sold 2025
12

12 sectional title units sold in Willow Park Manor in 2025, at an average of R1,025,000. Average prices have fallen 2.8% a year since 2020.

Source: Deeds Office records, March 2026. No average is shown for years with fewer than 3 sales.

Recent sales in Silver Acres

There are 3 recent sales in this complex

Use these prices to value this 170m² unit before you bid.

Unit
Size
Year
Price
Unit 48
169m²
2025
Unit 2
142m²
2025
Unit 15
169m²
2025
See what these units sold for →

3 similar auctions coming up near Willow Park Manor, Pretoria

Buying at a sheriff auction

Why can you get such big discounts at a sheriff auction?

Sheriff auctions are the ultimate source of great-value property. This is why:

  • Sales are only advertised a few weeks before the auction, in the Government Gazette and one local newspaper, so few buyers hear about them.
  • There is no official show day or way to inspect the property.
  • When there are very few interested parties the bank often has to buy the property itself, and it becomes a bank repossession. Usually the bank does not bid more than 60–65% of market value, and there are cases where the bank lets a property go for 50% of market value.
How to set your maximum bid →
Why do unique properties sell for the biggest discounts?

Unique properties are a fantastic opportunity to buy at a discount. Here’s why:

  • They are harder to value. Unique properties have no comparable sales and features that are not often disclosed, so buyers who haven’t done enough research bid conservatively.
  • Bonus features. Thorough research can reveal improvements that are not widely known: home offices, cottages, pools, zoning advantages and undisclosed renovations.
  • Fewer bidders. With fewer buyers interested in unique properties, your chances of securing a great deal increase significantly.

If a property needs more research than average, start early to get as much information as possible. These can be golden opportunities.

Unique properties are phenomenal opportunities →
Have people really made big profits at sheriff auctions?

Yes, when they do their homework. Three real-life examples:

  • Apartment with a private pool, R1.2m profit. A buyer paid R2.2m for an apartment in Morningside that, unknown to the other bidders, had a large garden and a private pool. He sold it three months later for R3.4m without any renovations.
  • Residential plot, R2m profit. A buyer found that a vacant plot on auction had planning permission for a sectional title complex. He bought it for under R1m and sold it a few months later for R3m.
  • Cluster in a security estate, R400,000 profit. A bidder found the property was also listed with an estate agent, who showed it to them and gave an accurate valuation. They bought it at the auction for R1.7m and sold it a few months later for R400,000 more.

Each of these buyers knew something about the property that the other bidders did not. That is where the big discounts come from, so start your research early.

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