Win A Dublin Penthouse - Cash Winner
A three bedroom penthouse apartment in Dublin is the stunning prize that you could win in this property contest. This particular apartment has even featured on TV but you'll need to be prepared to pay £50 a ticket if you'd like a chance to be the new owner.
Winner: Noel Meehan
Launched: 6th May 2021 Closed: 15th October 2021
Location: Dublin, Ireland,
House Value: £1300000 (3 Bedrooms)
Ticket Price: £50.00 (Free Entry - See 5.6 in Terms)
Tickets Sold: 5720 Revenue: £286000 (Estimated)
Cash Alternative: 75% of ticket sales
It's Ireland again and back to Dublin for this Raffall based competition being hosted by John Goodwin. The property was due to be sold on the open market but due to Covid regulations John - like many other Ireland property owners - has looked to online raffles. The exciting bit about this particular property is that it featured in The USA Show House Hunters International. No valuation is given but we've based our estimate on this property for sale that's also located on Dublin's Docklands. Regardless of our estimate this is a luxury property and ideal for rental or city living.
About The Property
The apartment boasts three bedrooms including a master suite with fitted wardrobes and a spa like bathroom. Bedroom 2 also has it's own shower room. The living area consists of a open plan dining/living/kitchen space and these all lead out to a balcony. Furnishings are included and these are described on the Raffall page. Stamp Duty and fees will be paid in full by the host. However no information is provided with respect to service charges (costs or payments). The host does suggest the property could realise a very nice €50,000 annual rental income!
How To Enter The Competition
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 cost £50 and there's no limit to the number you can purchase. You can purchase online using debit cards. As far as we're aware there are no donations to good causes being offered by the host.
40,000 Ticket Sales
The promoter hopes to sell 40,000 tickets (total revenue £2million) by the end of October 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.
Once again we have another exciting property in Ireland up for grabs. The host has also gone to a lot of effort with respect to social media pages and his own website. But as with other Ireland property contests it's impossible to predict whether this will succeed, especially at the high ticket price. We do think that £50 is hefty and therefore this might be one to keep an eye on for ticket sales starting to snowball before committing your cash. That said we do like the fact that it does have a lot of rental potential and a £50 outlay for a possible €50K income.
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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