Elite Competitions Win A House
A choice of brand new four bedroomed properties is the prize on offer from Elite Competitions. This raffle site has previously offered cars, cash and tech prizes but this is the first time they've offered a home.
Launched: 28th August 2020 Closes: 30th September 2020
Location: Leeds, WF14 0DJ
House Value: £300000 (4 Bedrooms)
Extras: Winner can select new home and location
Ticket Price: £19.00 (Free Entry Available)
Minimum Ticket Target: 25794 Tickets Sold: Unknown
Cash Alternative: 70% of ticket sales
Given the recent interest in house competitions it's no surprise that car raffle sites are now looking at this sector. We've reviewed Elite Competitions in terms of their regular giveaways but this is their first time offering a home. They've adopted a different approach to other sites by giving away a property of your choice. They've selected a number of different developments around the country and the winner can choose a four bedroom property - subject to availability - at the development of their choice.
How To Enter
For the purposes of our review we've selected Leeds as the location for the property but locations include Leicester, Liverpool, Hull, Plymouth, Newport, Preston and Scarborough. You can download a brochure from Elite Competitions so that you can review the properties. One thing that is missing from them all is a valuation and this is because prices vary across the country. Having looked at a number of different sites it seems like Eliet Competitions are pitching a £300,000 property as the prize. It will have 4 bedrooms and 2 bathrooms and be new!
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 well as the main prize there are £5000 and £2000 runners up prizes. These will only be awarded if all tickets are sold. The promoter hopes to sell 25,974 tickets (total revenue just under £470,000) by the end of September 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.
Offering a choice of properties is an interesting approach to win a house competitions. However we do wonder about the valuation aspect. In our view the promoter should be specifying clearly the prize (e.g. £350,000) rather than a variety of properties of different value. Or make it clear that the prize is property plus cash to the value of so that each different property equates to the same prize value.
The other note worthy point for this competition is the ticket. £17.99 is expensive and whilst for Elite Competitions' regulars that might be fine in our view it won't be attractive to those entrants happy to play for the price of a cup of coffee. However just a few hours after launch the site indicates that almost 2800 tickets have already been sold. One thing that is good at about this competition is that it does show the number of tickets sold versus how many are available.
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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