Tramway Path Win A London Property - Home Winner
Tramway Path are offering a £450,000 property in central London as the prize in their latest prize draw. The winner will be able to select the property that they want within the M25. Note the property must be residential. Ticket bundles start from £5 but there's a free postal entry option available.
Launched: 16th February 2023 Closed: 31st March 2023
Platform: Tramway Path
Location: London, ME4 6PS
House Value: £450000 (2 Bedrooms)
Ticket Price: £5.00 (Free Entry Available)
Tickets Sold: Unknown
Cash Alternative: 70% of ticket sales
Following the launch of new prize draws from Omaze and Raffle House, Tramway Path are back on the win a house scene for 2023. This time they're doing things slightly different. Instead of finding a property to giveaway a prize draw they're leaving that part of the deal to the eventual winner. Instead they're giving one lucky winner the chance to choose the house of their choice in London worth up to £450,000! Provided the property is residential then the winner can select anything within the M25 area, Greater London included. No stamp duty or legal fees are payable by the winner and the winner can only purchase one property. As far as we're aware the winner can't pick a more expensive property and agree to pay the difference (although we wonder whether Tramway Path would be flexible in that matter).
About The Property
Usually at this point we tell you about the property but there isn't one to tell you about. However Tramway Path do give some examples of what you might be able to purchase for £450,000 (something bigger than a shoebox hopefully). Suggestions include Studio Apartments in Brixton, Hackney, or Clapham; Modern two bedroom flats around Earls Court, Fulham, or Bayswater; Terrace Houses in Islington, Hackney, or Clapham. If you're not sure about what kind of property you could get in the M25 area for £450,000 then we suggest you do a bit of a Google search. It might help you get an idea of what's available and the prices. We did a couple of searches and the number of options under £450K is quite limited. For example here are some properties for sale in Earls Court. The choice at time of writing are just two flats!
How To Enter The Competition
Tickets for this Tramway Path competition cost from just £5 each (up from £3 on the previous prize draw). Other ticket packages cost £10 for 7 entries, £25 for 25 entries, £50 for 70 entries and £100 for 200 entries. To enter you need to answer a multiple choice question about the most visited attraction in London during 2020. Don't worry if you don't know the answer because there's a "check answer" button option after you've made your selection. Note that you do also need to be registered with Tramway Path in order to participate in this competition. According to the FAQ free entries are available and thankfully Tramway Path have included all the necessary info for those of you wanting to opt for this entry route.
110,000 Tickets
For this competition, Tramway Path aims to sell a minimum of 110,000 tickets (revenue £550,000) up to a maximum of 500,000 (revenue £2.5million) before the closing date of 31st March 2023 in order to giveaway the property as a prize. The terms don't indicate any suggestion of an extension to the closing date should insufficient tickets be sold. If the target isn't reached then the winner will be offered 70% of the ticket receipts instead. As far as we can see there's no mention of charity or donations with respect to this particular prize draw.
Our Verdict
Tramway Path have called this a twist on win a house competitions although other platforms have offered cash prizes to buy a house before. We don't mind this approach but do wonder why the property purchase is limited to the M25 area. If the boys are happy enough to help someone buy a house with the cash then why not expand it to cover the whole country? Also worth a note is that the price has edged up a little bit. Yes you do get 3 tickets for £5 (which is cheaper than the original £2 a ticket prize draw) but you can't purchase any tickets for less than £5. It'll be interesting to see how things progress with this particular draw but we can't see anything other than another winner. Enter Competition Here
Tramway Path Win A London Property Discussion
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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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