Win A Period Property - Cash Winner
On offer in this Raffall competition is a 4 storey Edwardian Terrace property located in the City Of Sunderland. It has potential for residential or commercial and tickets cost just £5 each.
Winner: Kirsty Ditchburn
Launched: 1st January 2021 Closed: 21st June 2021
Location: Sunderland, SR1
House Value: £300000 (4 Bedrooms)
Ticket Price: £5.00
Minimum Ticket Target: 80000
Tickets Sold: 4632 Revenue: £23160 (Estimated)
Cash Alternative: 75% of ticket sales
An 1803 Edwardian Terrace is the prize that you could win in this competition. According to the promoter it can be used for "residential, commercial or redevelopment and has all relevant planning permissions". The owner who has lived at the property for 25 years is heading for semi-retirement and wants to downsize. My offering the property via a raffle they'll be able to "sell" the home and also raise funds for charities close to their heart. Location wise it is in the heart of Sunderland City Centre. No valuation is given so we've estimated it at around £300,000 although this does need to be checked out more.
How To Enter The Competition
The property has four floors and according to the details on Raffall potentially four bedrooms. There's no photo of the front of the building and the images published do suggest there's some kind of retail unit on the ground floor. However as it has various planning permissions this could be changed. Living space seems to be on the upper floors as it boasts a new kitchen, large bedroom and space for either an office or second bedroom. The owner does offer an estimate for rental and that comes in at a healthy £1500 per month. Although not mentioned on the competition page, we expect that taxes and legal fees to be covered by the owner as per Raffall's terms.
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 £5 and there's no limit to the number you can purchase. You can purchase online using debit cards. The competition does state that it is supporting war veterans with PTSD, a very worthy cause, however details of the level of donation is not mentioned.
80,000 Ticket Sales
The promoter of this competition, Theresa Smith, aims to sell just 80,000 tickets (total revenue £400,000) by June 21st 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. Note that if 100% of the tickets are not sold then the promoter receives nothing.
As is becoming usual with Raffall house competitions there's not much to comment on. It would be nice to know the valuation of the property just to gauge the ticket targets, but judging by house prices in the area we don't think it's over ambitious. The £5 price point may put off a few entrants, but with a local following this could do OK. It's nice to see the owner using Facebook - and getting folk on Tiktok - to push the competition too. A lot of Raffalls lately have lacked the self promotion that is needed to really get the ball rolling.
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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