Doing an ERF / street / scheme / suburb property valuation (back to main page)
The following searches are available via Lightstone.
a) Suburb Search Report
1. The Suburb Report is a specialized report developed for investors or homeowners looking to buy in a particular suburb and
includes the following elements:
A map showing the suburb boundaries.
2. Sales Activity: A table showing the sales activity for the suburb for the last 3 months and last 12 months respectively by:
Transaction type (new residential sale, repeat residential sale)
Property type (freehold, sectional title, estate)
Price bands (<R400k, R400-800k, R800k-1.5m, R1.5-3.0m, >R3.0m)
3. Bond market Activity: A table showing the bond registration activity for the suburb for the last 3 months
and last 12 months respectively by:
Bond type (ordinary loans, further advances, switches in, total registrations, switches out)
Institution
4. Suburb Trends Analysis for the last 5 years by property type:
Average prices.
Sales volumes.
b) ERF / Street / Scheme Search Report
1. The Lightstone Valuation Report is a comprehensive report that helps agents, buyers and sellers to
establish the fair value of a property.
The report contains the following information (where available):
Property details.
Title deed number.
ERF/unit details. (as per the South African Deeds Registry)
Street address details.
ERF/unit size.
Lat/long coordinates.
Owner details. (as per the South African Deeds Registry)
Valuation details.
Last sales date and last sales price.
Estimated value – a statistically generated estimate of the value of the property based on information obtained from
the Surveyor General, the Deeds Office, banks, estate agents and other sources.
Safety score – the statistical probability that the property would sell for more than 90% of the estimated value.
In simple terms, the probability that the estimated value is not an over-prediction.
Accuracy score – the statistical probability that the property would sell for within 20% of the estimated value.
In simple terms, the probability that the estimated value is correct.
Expected high and expected low - the statistically generated upper and lower bound within which the property is expected to transact.
Municipal valuation details.
Assessed rates value and date of rates valuation.
Zoning/usage of property.
Aerial/satellite image showing the property and the 15 most recent comparable sales.
A table showing the details of the 15 most recent comparable sales.
Graphs showing suburb price and volume trends.
ERF VALUATION
SCHEME VALUATION
STREET VALUATION
SUBURB VALUATION
Lightstone search report back
to top
1.1 Click on the Lightstone Valuations product tab on the menu. (Menu will expand)
1.2 You can either do a ERF / Scheme / Street / Suburb report.
1. Fill in the following information to do a ERF Valuation. back to top
a) Choose Deeds Office e.g. Pretoria.
b) Township (suburb) - you can also do a suburb search via the lookup button.
c) Enter the ERF Number.
d) Enter the portion number if required.
Click the submit enquiry button.
The system will confirm your search result.
Click on the download report button.
The report will display. Please take note of the following utilities.
You can also print the report by clicking on the printer icon.
2. Fill in the following information to do a Scheme Valuation back to top
a) Choose Deeds Office e.g. Pretoria.
b) Enter the scheme name - You can also search for the scheme via the lookup button.
c) Enter the Scheme Number.
d) Enter the unit number.
Click the submit enquiry button.
The system will confirm your search result.
Click on the download report button.
The report will display. Please take note of the following utilities.
You can also print the report by clicking on the printer icon.
3. Fill in the following information to do a Street Valuation back to top
a) Enter the suburb name.
b) Enter the street type e.g. avenue.
c) Enter the street name.
d) Enter the street number.
Click the submit enquiry button.
The system will confirm your search result.
Click on the download report button.
The report will display. Please take note of the following utilities.
You can also print the report by clicking on the printer icon.
4. Fill in the following information to do a Suburb Valuation back to top
a) Enter the suburb name.
Click the submit enquiry button.
The system will confirm your search result.
Click on the download report button.
The report will display. Please take note of the following utilities.
You can also print the report by clicking on the printer icon.