Mckinney Competitions Portgual Villa - Home Winner
McKinney Competitions, a raffle style prize draw company based in Ireland, are offering the chance to win a 3 Bed Luxury Villa in Portugal or £400K. This is their second property giveaway and like it's successful predecessor it will cost you £99.97 a ticket to enter!
Winner: Denise Casserley
Launched: 13th August 2021 Closed: 31st August 2021
Platform: McKinney Competitions
Location: Albufeira, Portugal,
House Value: £400000 (3 Bedrooms)
Extras: £30000 Spending Money
Ticket Price: £99.97 (Free Entry Available)
Tickets Sold: 7000 Revenue: £699790 (Estimated)
Earlier in the year McKinney Competitions ran a property competition which was pretty much over before it began. Despite the hefty cost tickets sold very quickly. The company are hoping to emulate that success again but this time with an overseas property. On offer is a 3 bed villa located in Albufeira, Portugal. This is on the south coast of the country and situated about half way between Lagos and Faro. It'd make an ideal holiday home location. The property valuation isn't given on the site but the prize does include £30,000 spending money. Additionally the winner can opt to accept a £400,000 cash alternative.
The property being offered is described as a three bedroom villa in a small community that offers "access to a beautifully maintained swimming pool and surrounding garden". It also has a private garden, leisure area and an outdoor sunroom. As far as we're aware the property comes unfurnished - although kitchen appliances are included. Solar panels, a parking place, security system, cable tv & internet all setup are also included. According to McKinney the property could achieve a rental income of up to £50,000 a year! It isn't made clear on the competition page whether McKinney sort out the various taxes etc but we would be surprised if they didn't.
How To Enter The Competition
To enter the competition for the chance to win a three bed villa in Portugal or £400,000 cash you simply need to answer a multiple choice question. Note that you're not told whether your answer is right or not but the question is so absurdly easy that you won't need Google to check. Once you've made your selection it's simply a case of completing the purchase of your tickets. There is a free entry route offered for entrants who wish to take that option. Entry is via postcard and details about how to complete your entry are given on the website.
McKinney Competitions aim to sell 10,999 tickets at £99,97 (total revenue just under £1.1million) by the start of September 2021. This may seem quite an ambitious deadline but their previous property competition sold out within days despite the high ticket price. Note that entrants can only have a maximum of two entries per household! If insufficient tickets are sold then we suspect that the closing date is extended until such a time that enough revenue has been generated to cover costs (just over 50% of sales). Over 1000 tickets were sold within the first couple of days.
Usually we'd say that almost £100 for a property giveaway is a silly price and that this would have no chance of completing. However McKinney Competitions have got previous and been successful. But can they emulate that success again? We think they probably can as they're already a quarter of the way to "covering the costs" and with a huge social media following should be able to get this one over the line. If you're considering the free entry postal option we do suggest not hanging around to get your postcard sent off - just in case this one rapidly completes.
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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