Raffle House West Drayton Flat - Cash Winner
A one bedroom apartment in West Drayton or a £200,000 cash prize could be yours in the 5th Raffle House property competition. Entries cost just £2 each but look out for special deals on bulk buys and ticket matches for other property competitions running on the platform.
Winner: Ijeoma O
Launched: 2nd August 2021 Closed: 31st May 2022
Platform: Raffle House
Location: West Drayton, UB7
House Value: £250000 (1 Bedrooms)
Ticket Price: £10.00 (Free Entry Available)
Tickets Sold: Unknown
Cash Alternative: 90% cash sum (after deductions)
Raffle House are at least keeping on target with their aim to make more property winners. Their fifth competition is in partnership with the Black Property Network and it gives you the chance to win Flat 5, Bentinck Court, West Drayton for just £2 (there's also a 2 for 1 offer currently running at time of launch). The Black Property Network are "an online-based platform that aims to leverage best-in-class technology and knowledge to enhance your property journey". Raffle House say the property is valued at £250,000 but according to Rightmove Flat 6 sold in August 2020 for £220,000.
About The Property
The property is a 1 bedroom apartment with bathroom and living/kitchen area. It has a 999 Year leasehold and Raffle House are throwing in £3000 to help you settle in and cover any bills. No details are provided with respect to service charges or potential for rental. Images of the inside of the apartment are shown on Raffle House but we're not sure whether the furnishings are included. If the competition completes and results in a property winner then they have the choice of taking the apartment as a prize or a £200,000 cash alternative.
How To Enter The Competition
To enter the competition you simply need to select the number of tickets that you wish to purchase. One ticket will cost you £2 but should you opt to buy in bulk then you can get extra free tickets. Once you've made your selection then you simply buy the tickets by logging on to the website. There is no question to answer! However there is now a free postal entry option. Note that you must be registered with Raffle House to use this option. Entrants can choose to donate 5p of every ticket purchased to a homelessness charity. The choices are Centre Point and Housing For Women.
Raffle House have set the initial closing date for this competition as the end of October 2021. This is quite ambitious given that their 3rd competition ended up with an extension! They aim to sell 450,000 paid tickets (£900,000 revenue based on purchases of £2 tickets). This ticket target is 200,000 less than for Raffle House 3 that was worth a lot more in value. If not enough tickets are sold then either a 90% cash sum (after deductions) can be awarded or the competition can be extended by up to a maximum of six months.
Fixed Odds Competitions
Since Raffle House launched they've added more and more ways to win on their website. These include Fixed Odds competitions and a weekly lifestyle pay to enter prize draw. The Fixed Odds competitions tend to offer chances to win tickets for the dream house raffles. These are worth looking at just to see how many tickets have been sold as usually the prizes are guaranteed regardless of number. Additionally there are Lifestyle prize raffles on offer each week. Tickets start from 30p but it does seem that the confusing cross sells between these raffles and the house raffles have stopped.
Whilst it's great to see another property prize draw launching we are still wondering what happened with Raffle House 3. Whilst the company announced a winner they haven't managed to confirm whether they won a house or cash prize? And if it was the latter then how much was that particular prize? These questions and lack of transparency may put off some previous customers. However others will be excited by the chance of purchasing two chances to win properties for £2. Let's hope that the final result of this one and Copperworks aren't just swept under the carpet again.
January 2022 Update
After a first extension this competition was due to end on 31st January 2022 however Raffle House have extended the competition further to the end of May apparently "so as to award the property as the prize, rather than a lesser cash-prize". In an attempt to boost the prize pot they've also changed the ticket pricing structure and have adopted a similar approach to Omaze. Although they advertise tickets for £2 you can only make a minimum purchase of £10 and for that you get 30 tickets. For £25 you get 100 tickets, £40 buys you 250 tickets and £100 means 900 tickets. There doesn't seem to be any option to buy any other amounts. We find this change mid-competition quite confusing and perhaps even desperate. It suggests that previous attempts to generate sales for this particular property raffle haven't been that successful. The future of house raffles on Raffle House may well hinge on how sales perform over the next few months.
Cash Prize Winner
The first drawn winner of this competition didn't respond and so one month later the prize was passed on to the first runner-up, Ijeoma O. A cash prize was awarded although the amount wasn't disclosed.
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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