One Big Win
One Big Win are offering you the chance to win a sixth floor Riverside Penthouse in Nottingham. The property has previously been owned and rented by former football stars but now it could be yours for just £4.
Launched: 25th December 2020 Closes: 26th June 2021
Location: Nottingham, NG2 4RE
House Value: £500000 (2 Bedrooms)
Ticket Price: £4.00 (Free Entry Available)
Minimum Ticket Target: 660000 Tickets Sold: Unknown
Referral Scheme: Yes (£2000 Prize Draw)
One Big Win has partnered with Sterling Lotteries to offer entrants the chance to win a stunning penthouse in the Nottingham area. It is located just six minutes from the city centre. The big media spin with respect to this competition is that it has been owned by ex-England manager Sven-Goran Eriksson plus has been rented by Nicklas Bendtner. That might give you an idea of the kind of property that is on offer. It's most certainly a luxury apartment and you can check out more via the gallery and tour that's on the website.
How To Enter
The apartment itself boasts floor to ceiling glass windows plus a south facing, glass-fronted balcony. There are two double bedrooms, two bathrooms (one ensuite) and modern luxury kitchen with built-in appliances. The apartment complex also offers access to a communal pool with jacuzzi as well as a gym and health suite. Stamp duty on the property will be paid up to £35,000 whilst £3000 will be made available to cover legal fees. No details are given regarding service fees or whether initial costs will be met. Appliances go with the property but it will be won unfurnished.
To enter the competition you first need to answer one multiple choice question correctly. Note that if you guess incorrectly then you are asked to try again. You can't purchase a ticket with a wrong answer. Tickets cost £4 each but you can buy multiples at 10 for £10 or 40 for £20. Be wary as when we got to the checkout an entry for £3000 New Year's cash prize draw (£2 a ticket) was also in our basket. If you prefer to enter for nothing then there's a no purchase necessary postal route described in the terms and conditions. Do check the details carefully if you opt for this entry method.
The target for this competition is described in the terms as a "minimum number of paid transactions". Initially we thought that meant 660,000 tickets but now we're not so sure. If it was tickets and all purchasers opted for the £20 route then the revenue generated would be just £330,000. If we assume all entrants only buy one £4 ticket then the total revenue would be over £2.6million. There are other prizes on offer including early bird gadgets and £2000 cash for referrals but even so we think that One Big Win are chasing a huge pot for a £500,000 property.
If the competition fails to hit it's target by the closing date then a cash prize alternative will be awarded. This will be 70% of the net proceeds - so we suspect that admin, costs, and marketing fees will be deducted first. The terms don't suggest that the competition can or will be extended beyond the end of February. A charity donation will be made and 10% of net proceeds will be paid out to The Samaritans. As far as we're aware this will be donated regardless of the outcome of ticket sales.
There's no denying that the property on offer in One Big Win is desirable. If it's good enough for Sven-Goran Eriksson then it should be ideal for a lot of folk. Most certainly it could be a good option for rental! With that in mind it'd be useful if the promoters had given details of rental potential. These small details alongside costs such as service charges can really help build up a better picture with respect to the home that's being offered as a prize.
Everything else seems pretty decent but we are concerned with the "minimum number of paid transactions" part of the promotion. Does this mean 660,000 individual tickets or is a single transaction a £4, £10 or £20 payment regardless of the number of tickets purchased? We would like that clarified because it is very confusing and not wholly transparent. We're also not overly impressed with added items in our basket but that's a minor quibble.
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