Cloverhut La Manga Apartment Review
A 7th floor apartment in La Manga del Mar Menor is the prize on offer in this competition from Cloverhut (part of Sesortea). For just €2 you could be enjoying this holiday home that has amazing views of the sea as well as access to plenty of facilities.
Launched: 9th July 2021 Closes: 21st April 2022
Location: La Manga, Spain,
House Value: £150000 (2 Bedrooms)
Ticket Price: £2.00 (Free Entry Available)
Minimum Ticket Target: 800000
Tickets Sold: Unknown
In March 2021 Sesortea gave away a Spanish Beach House to Sergio C. The company are back with a second competition but a brand new platform called Cloverhut. For their first house raffle on this set-up entrants have the chance to win an apartment in La Manga del Mar Menor. It's right on the beachfront and overlooks The Mediterranean. Do check out the website just to see the views! Although no valuation is given, a Loquax user has been told that the total value of the prize is €175,000 (around £150,000).
About The Property
The apartment is located on the seventh floor and boasts two bedrooms. There's a living room with kitchenette and the terrace which gives stunning views of the sea is 26 square metres. The property is in a private housing estate and occupants have access to a community pool. A large garage space and storage room make useful additions to the overall package. Cloverhut do say that the property comes "fully equipped" so we presume that means fully furnished. No details are provided about service charges or community charges, but these are usually quite reasonable for Spanish properties. Note the winner can choose to take the property or opt for a €70,000.
How To Enter The Competition
To ente the competition you need to register and purchase tickets. These start at €2 but you can get discounts for bulk buys (e.g. buy tickets get 1 free). When you get to the ticket purchase stage you'll be invited to join Cloverclub which gives you discounts on raffle tickets as well as chances to win other prizes such as a holiday. Note however that it is a subscription service so you'll be paying monthly for tickets etc. and it's not clear how much you'll be spending. There is a cancellation policy and details of Cloverclub are given in the terms. A free entry route is available but you must register and then send in your details via post. Full details are explained on the site.
We're told that Cloverhut aim to sell 800,000 tickets by the 21st April 2022 (revenue €1.6million) however they would be willing to conclude the draw on this date provided that they have sold at least 35% of the tickets (revenue €560,000). If this target isn't reached then the competition can be extended until July. As in the previous competition a house winner is guaranteed but details are limited if not enough tickets have been sold by July 2022! One interesting line in the terms is that "Cloverhut has sold more than 70% of its tickets, it reserves the right to limit the sending of free entries".
Cloverhut like it's predecessor is a professional looking site. The house guarantee is a huge positive although we do think the ticket targets at both 100% and 35% targets are still massive compared to the valuation of the apartment. Their website says raffles "can generate more than 30% profit on the house" and even our maths suggests the potential revenues are well over that! The Cloverclub is an interesting concept but it's not a feature we think is necessary. It may also catch out a few people who initially think they're getting cheaper tickets before realising they're buying extra one month later. We also think the cash alternative of €70,000 should be closer to the valuation of the property! One final note is that the property is only 100% guaranteed if 35% or 40% (depending which part of the terms you read) of tickets are sold. No information is given if this target isn't reached.
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.
Footnote: Spanish properties attract a hefty tax on purchase. This can be up to 19% of the property value although this may be covered by the promoter so do check the terms. Note also that since Brexit UK citizens can only spend 90 days out of every 180 in the EU. If you win and rent out the property then you will also have to pay tax.
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