Low Fell Semi Detached - Cash Winner
A 3 bedroom semi detached property in Low Fell, Gateshead is the prize on offer in this competition. The raffle is hosted on Raffall and tickets cost £2 each. A 75% cash alternative is paid out if all tickets don't sell.
Winner: Martin Bowers
Launched: 1st August 2020 Closed: 31st December 2020
Location: Low Fell, Gateshead, NE11
House Value: £250000 (3 Bedrooms)
Ticket Price: £2.00 (Free Entry - See 5.6 in Terms)
Minimum Ticket Target: 500000
Tickets Sold: 391 Revenue: £782 (Estimated)
Cash Alternative: 75% of ticket sales
The problem with win a house competitions over the years is that promoters don't understand the market. The successful competitions have reasonably priced tickets and sensible ticket volumes. In this case only one part of the equation is satisfied as the owner Matthew Forbes is aiming to sell 500,000 tickets for a three bedroom semi. There's no value given for the home on offer but we're pretty sure it's not worth the one million Forbes aims to reap from this competition. Still who knows what will work in these crazy times?
How To Enter The Competition
The details of the property are as minimal as you can get. What we do know is that it has three bedrooms, living room, dining room and kitchen. According to the information on Raffall the house also has a spacious back garden, with raised decking area. There's a detached garage at the back plus a large paved drive area at the front. In terms of locality all we know is that it's in Gateshead which means there are close transport links for Newscastle and the Metro Centre. You can see a few images of the property on the Raffall site but in our view this competition lacks detail.
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 £2 and there's no limit to the number you can purchase. You can purchase online using debit cards. As far as we're aware this property competition is not making any donations to charity.
500,000 Ticket Sales
As mentioned Forbes hopes to sell a ridiculously high 500,000 tickets (total revenue £1million) by the end of 2020 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. The fact that the previous competition concluded within 4 weeks may also encourage entries.
This competition highlights the problem with Raffall as a platform for house competitions. Firstly the details of the property are too limited and at the very minimum the value should be included in the information provided. A valuation would highlight the greed of the promoter in aiming to bring in £1million before releasing the prize. We've looked at three bed semi properties in Low Fell and don't see why the promoter hasn't aimed to sell less tickets and therefore ensure the sale. We predict that this will end up in the cash winner list as there are better competitions to choose from.
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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