Rugby Dream House
A four bedroomed Bellway family home situated in a sought after location south west of Rugby is the prize on offer in this competition. Hosted on the Raffall platform tickets for this one cost £2 each. £6000 worth of sofas are included in the price!
Launched: 25th August 2020 Closes: 1st January 2021
Location: Cawston, Rugby, CV22
House Value: £415000 (4 Bedrooms)
Extras: Prize includes £6000 worth of sofas
Ticket Price: £2.00
Minimum Ticket Target: 400000 Tickets Sold: Unknown
Cash Alternative: 75% of ticket sales
Another day another addition to the ever growing list of house competitions on the Raffall platform. This time a relatively new modern home is the prize. It has 8 years left on the NHBC and this can be transferred over to the new owners, which you might well need given that Bellway are the builders. Just as an aside we once bought a new property from Bellway and weren't impressed with them or their after sales care. Anyway we digress! Because we know the house is in the 'Magnolia' design, the builder and location we can estimate the value of this property at around £415,000.
How To Enter
The competition description reads like an estate agent advert! In short this is a 4 bed house with 2 en-suites. Apparently they are "not your average 2 double and 2 box rooms, these are 4 double bedrooms". These are joined by 3 reception rooms, massive garden and a fully boarded loft area plus single garage. As part of the prize the owner is including £6000 worth of Chesterfields Sofas from Sofology. Pictures of the property plus plans of the ground floor and first floor are provided on the website.
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. This competition is supporting good causes. 10% of the host's revenue goes directly to Cancer Research UK.
400,000 Ticket Sales
The promoter hopes to sell 400,000 tickets (total revenue £800,000) by the start of 2021 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 is an attractive looking property that will no doubt attract a bit of interest on the Raffall platform. The £2 price point is good plus all the solicitors and paperwork will be taken care of by the promoter. However we do feel that the 400,000 ticket sale and £800k revenue target is excessive for a £400k property. A very similar looking property is currently on Rightmove and is expecting offers over £415k. Will someone be starting the new year in this dream home in Rugby? We will see, but the owner is going to have to work hard to achieve this.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Please do your own due diligence before entering! A link is not an endorsement and sometimes no link may be available. In some cases Loquax may earn a referral fee from sales. We strongly advise that you check terms and conditions before deciding to enter. Map location is approximated by Google based on postcode.
Rugby Dream House Discussion
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