2 Bed Village Home 2 - Cash Winner
Having first launched on Raffique, a two bedroom property in the Rushcliffe area of Nottinghamshire can now be won via a new competition being hosted on FrogHopping. Tickets cost £20 each which is double the price of the first contest which resulted in a cash prize winner.
Winner: Rebecca L
Launched: 20th June 2021 Closed: 4th January 2022
Location: Rushcliffe, NG13 8HF
House Value: £170000 (2 Bedrooms)
Ticket Price: £1.00
Tickets Sold: Unknown
Revenue: £303.92 awarded as prize
Cash Alternative: 90% of ticket sales
Anne and Bobby Ronson were the first home owners to try the new Raffique platform to giveaway their property. Unfortunately they didn't sell many tickets (less than 150) and announced the early closure of the competition citing marketing and time issues. They still want to raffle their home so have instead turned to FrogHopping because they will be undertaking the marketing for them. They're not the first owners to try again as Win A Gainsborough House recently relaunched, also on FrogHopping, after failing to secure a home winner via the Raffall platform.
About The Property
The property details are the same as the original competition. It has two bedrooms and has benefited from a refresh including new carpets and decoration. Downstairs is an open plan family room and kitchen. There are a few images on the Raffique website but we'd like to see more information such as floor plans etc. It does seem that the property is empty and ready to be used as a home or rental. Note that there's also monthly charge of £22 for the upkeep of the surrounding greens, which the owner is responsible for paying! Full planning permission for a two story side extension is also included in the prize. All stamp duty and legal fees will be covered by the owner.
How To Enter The Competition
To enter the competition you need to complete your details and answer a multiple choice question. Interestingly you can select all the tickboxes which is something that needs to be addressed. Furthermore you aren't told whether the answer you have selected is right or wrong. Make sure you double check your answers with Google! You're then redirected to a payment page where you can either pay by cards (on desktop) or with Paypal (via mobile). We have been concerned by the latter as a payment option for raffles/gambling but there seems to be some latitude now being allowed by Paypal for selected companies.
The owner of the property has set a minimum ticket revenue of £275,000 plus a ticket price of £20. This is a £100,000 profit on the valuation of the property (taken from the first competition). On the surface this should mean a minimum 13,750 tickets are required but we think that once fees and other costs are included then the competition needs more like 16,000 sales. All competitions on the site used to initially run for three months but this one has been given six months from the get-go. If insufficient tickets are sold then a cash prize alternative is paid out. This we think is around 80% of the total revenue? Interestingly a new term has been recently added - "all approved property listings receive 1% of competition revenue if the property doesn't reach its selling price". So at least the owners will receive some income if there's no house winner.
By our calculations the last competition involving this property sold less than 150 tickets at £10. That could be because of poor marketing, a new platform and a high ticket cost. So jumping to a new platform, relying on them to do the marketing and doubling the ticket price seems a very strange decision by the owners. Whilst it's great to see FrogHopping develop we've not really seen much from them in terms of marketing and they've yet to create a cash or house winner. Interestingly the home owners of this property have a bigger Facebook presence for a start! In our view it's going to need a monumental effort for this property to join the list of home winners.
As of the end of October, all tickets have been reduced to £1.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Images are used under fair use policy. Map location is approximated by Google based on postcode/location info. Any links provided are not an endorsement from Loquax. In some cases Loquax may earn a referral fee from sales this does not effect our review. We strongly advise all visitors do due diligence on each contest before deciding to enter. Terms and conditions apply. Begambleaware.org.
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