Prize Home Derbyshire - Cash Winner
A four bedroomed property in the town of Clowne, Derbyshire, has joined the list of properties now being offered for raffle on the Raffall platform. Described as a stunning detached property and valued at £335,000 it could be yours for just £2 a ticket.
Winner: Mike Moss (£57,678)
Launched: 10th July 2020 Closed: 27th October 2020
Location: Clowne, S43
House Value: £335000 (4 Bedrooms)
Ticket Price: £2.00
Minimum Ticket Target: 300000
Tickets Sold: 38452 Revenue: £76904 (Estimated)
Cash Alternative: 75% of ticket sales
As we expected following the success of the first Raffall win a house competition further ones would follow in it's footsteps. Paul Nicholson is the promoter of this one and he's offering a four bedroom detached property as a prize. Details of the location on Raffall are limited but news reports of the competition give us the location as Clowne which is in the Bolsover district of Derbyshire. Interestingly Nicholson does say he is not disclosing "the properties exact location in order to protect myself and family who still live here. But why would you try and win a house when you don't know it's exact location?
How To Enter The Competition
As well as the 4 bedrooms the property, which is situated in a "quiet cul-de-sac", has a blocked paved driveway and solar panels to the rear facing roof. It also boasts under-floor heating, garage and garden. You can review images of the property as well as a video on the Raffall site and additionally on their Facebook page. Although the house has been "newly-renovated" the owner has struggled to sell and cites the current health crisis as the reason.
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.
300,000 Ticket Sales
Nicholson hopes to sell 300,000 tickets (total revenue £600,000) before the end of October 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.
With Raffall platform competitions we're going to repeat the same issues. That includes the big issue of details of the property being far too scant. Surely entrants need to know exactly what they're entering for and that means including the location of the prize. Additionally there should be some indepth terms and conditions outlining the "selling" process to the winner plus who pays fees etc. In this case we also think the 300,000 tickets target is a bit on the high side.
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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