Whilst the 46000 entrants of the Oldborough Estate competition await the findings of the Gambling Commission another, and perhaps potentially more high profile “win a house” competition has launched. Up for grabs is £8million worth of London Flats at Win a London Pad. It’s being run in association with Great Ormond Street Hospital. The competition is aiming to raise enough money to fund the construction of a purpose built 4 bed ward in the Cardiac Daycare unit.
The cost of a ticket is slightly higher than previous win a house competitions, however there’s a nice twist. A ticket costs you £60, but for that you get entry into the competition plus an MP4 Player worth £89 (RRP). The promoters are hoping to sell 200,000 tickets with £3 from each ticket going to the charity.
Despite the issues about skill questions and the Devon Estate competition, the promoters MIA Developments Ltd have opted to follow a similar entry mechanic. There are 3 questions (which with a bit of googling, knowledge and a calculator are fairly easy) and you can’t proceed to the entry page until all answers are correct. So far 44 tickets have been sold and we’ll be monitoring developments on win a house watch (where 2 competitions have closed due to the Gambling Commission’s intervention into how the competitions are being run). We think by offering a product to buy, the MP4 Player, rather than just a ticket the promoters are simply running a “purchase to enter” competition!
Legal issues aside if you fancy an MP4 Player and the chance to become a London property magnate then the prize is quite exceptional. The property is at York House Myrdle Street in Tower Hamlets E1 and comprises a block of 11 service apartments. They have Italian Design Kitchens with stone worktops and Jacuzzi baths and en-suite to master bedrooms. Rental for the apartments should exceed £500,000!
It’s an incredible prize although many may find the £60 entry fee a little bit steep. However, if the competition fails to reach 200,000 entries the good news is you could still win a new London pad. For example if just 19,999 tickets (or MP4 players) are sold then one flat will be awarded. Full details are in the terms and conditions.