Coulsdon Townhouse
A beautiful 3 bed townhouse in the much sought area of Coulsdon, Surrey is the prize you could win in this competition. Hosted on the Raffall platform a new home just outside London could be yours for the cost of just £3 a ticket.
Launched: 14th January 2021 Closes: 4th June 2021
Platform: Raffall
Location: Coulsdon, CR3
House Value: £700000 (3 Bedrooms)
Ticket Price: £3.00
Minimum Ticket Target: 500000 Tickets Sold: Unknown
Cash Alternative: 75% of ticket sales
Please note that the promoter of this property has asked us to take down the review and link to their competition. We have removed the link but our review remains along with discussion below for reference only. We suggest you spend your money on other raffles.
Like a number of other house raffle promoters, Yumi Palmer is looking to emigrate down under and start a new life in Australia. They had their first child during lockdown and are now looking to the next chapter of their lives. In order to realise their dream they need to sell their property in Coulsdon Surrey. It's located just a 4 minute walk to Coulsdon South station so a perfect location for travel to London, Gatwick and Brighton. Unusually for a Raffall competition the owner has given a valuation as "over £700,000 in a sought after complex".
How To Enter
The townhouse itself has three bedrooms, two with en-suite. The owners say there's scope to convert to four bedrooms and we assume that may be by changing the use of the office/study. Downstairs is an open plan kitchen, garden with patio and grass plus there's a driveway that can house two cars. The property also benefits from solar panels. Some furniture and electrical appliances that can be seen in photos of the rooms will be made available with the property. All fees and taxes - as far as we're aware - will be covered by the owner.
To enter the raffle you need to be registered with Raffall. This can be done via Facebook or email login. Once at the house raffle page it's a case of answering a question and purchasing tickets. The question pops up in a window which we found disappeared very quickly. Tickets only cost £3 and there's no limit to the number you can purchase. You can purchase online using debit cards. The competition page does say that donations will be made to MIND & Alzheimers association charities but there's no indication of how much.
500,000 Ticket Sales
The promoter hopes to sell 500,000 tickets (total revenue £1.5million) by September 2021 in order to conclude the draw. If insufficient tickets are sold then the winners will receive a share of the compensation amounting to 75% of all ticket sales. All compensation payments are guaranteed and paid directly by Raffall Limited. This is a little bit different to house competitions run by individuals and should offer more assurance to entrants.
Regular visitors to our win a house reviews should immediately know our biggest issue with this competition. A 500,000 ticket and £1.5million revenue target is excessively high for a property worth over £700,000. With other properties struggling to attract much less volume at cheaper prices we just can't see how this one will come close to a successful conclusion. This is a shame for the promoter's dream of moving, but people need to be realistic when it comes to revenues and sales. We hope they realise their Australian dream but we're not convinced this will be the first step to it.
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.
Coulsdon Townhouse Discussion
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