As the price of houses slide and home sales decline, the win a House phenomena continues to gather pace! Jumping on the bandwagon this week is a brand new site called Win a Development. In this competition you can win not one house but four luxury Devon apartments worth a total of £1.72 million pounds. The ticket price is £50 and the developers are hoping to sell 45000 of them before giving away the property to a lucky winner.
The prize includes stamp duty paid, legal fees paid and a year of council tax paid on all the apartments. 2.25% of gross ticket sales will also go to the charity Help the Heroes. If the 45000 tickets are not sold by 28th December the competition may either run on for 2 further months or a cash prize draw held. Up to 35% of the sales may go towards running costs if the cash prize draw option is exercised.
This competition may spark a bit more interest than other new win a house competitions. The prize is substantial and offers someone the chance to own a property folio overnight so it has the life changing element that made the Devon Estate so popular.
The downside may be the cost! £50 per ticket is double the cost of a ticket for the Oldborough Estate competition and that may put people off having a punt especially in the run up to Christmas.