Elite Competitions Set For Life
After a successful property competition, Elite Competitions are hoping to do it again with Set For Life. This prize package includes a choice of new home, a choice of car, £10K to spend on furniture and £2500 cash every month in 2021.
Launched: 16th November 2020 Closes: 29th December 2020
Location: Birmingham, B1 3DW
House Value: £200000 (3 Bedrooms)
Extras: Includes 10K of furniture and 12 x £2500
Car: Choice of 4 Cars
Ticket Price: £18.00 (Free Entry Available)
Minimum Ticket Target: 25794 Tickets Sold: Unknown
Cash Alternative: 70% of ticket sales
Elite Competitions are returning to the win a house sector with Set For Life. In their original competition they "just" gave away a property. They selected a number of different developments around the country and the winner could choose a four bedroom property - subject to availability - at the development of their choice, from a selection. As the competition progressed this was changed to include the option to take a cash prize to buy any home or pay off mortgages. This time round they're doing a similar thing but as well as the house there are extra goodies included.
How To Enter
For the purposes of our review we've selected Birmingham as the location for the property but locations include Belfast, Pembroke, Fife, Bath and Leicester. The selection of homes allows for apartments in City Centres which can be used for living or rental as an additional income. As well as a house you can choose from an Audi A3 S-Line, BMW 1 Series M Sport, Mercedes Benz A Class AMG Line and VW Tiguan. Throw in £10,000 of furniture and a £2500 cash amount paid every month in 2021 and that's not a bad prize. The property valuation we've set to be around £200,000 but with the car, cash and furniture that gives a prize value of at least £275,000.
To enter the raffle you need to be registered with Elite Competitions. Set up an account and then choose your tickets from the many that are available. You can pick your own ticket or use a Lucky Dip option. As far as we're aware there's no skill element involved. There is a free entry route though and this is outlined in the terms and conditions. Note that you will need to register an account to take advantage of this route. We don't believe that any funds will be donated to charity.
25,974 Ticket Sales
As in the original competition the promoter hopes to sell 25,974 tickets (total revenue about £400K to £450K) by the end of December in order to conclude the draw. If insufficient tickets are sold then the competition can be extended by 7 days for up to four turns. If after that all the tickets are not sold then a winner will receive a cash alternative prize of 70% of tickets sales. The remaining 30% is retained by the promoter. However Elite Competitions have stated that the prize is guaranteed to be won.
By the time we'd uploaded this review, half the tickets have already been sold so despite the expensive ticket cost (which is up to £18) entrants are obviously interested in the prize. It does make you wonder why some of the cheaper competitions don't even come close to selling as many tickets though? One thing worth doing is keeping an eye on the ticket price as it does fluctuate. The promoters initially set the amount to £18 but it's currently £14.99. They may drop it slightly towards the end of the competition to get all tickets sold.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Please do your own due diligence before entering! A link is not an endorsement and sometimes no link may be available. In some cases Loquax may earn a referral fee from sales. We strongly advise that you check terms and conditions before deciding to enter. Map location is approximated by Google based on postcode.
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