A 100-year-old Ball Green property located in Stoke On Trent is the latest addition to the house competition listings. Entry costs for this particular contest are just £10 a ticket and the raffle is hosted on the Raffall platform.
Location |
Stoke On Trent ST6 |
Winner |
Mick Cox |
Launched |
5th April 2021 |
End Date |
24th December 2021 |
House Value |
£180,000
(3 Bedrooms)
|
Ticket Price |
£10.00
(Free Entry - See 5.6 in Terms)
|
Tickets Sold |
600 Tickets |
Estimated Revenue |
£6000 |
Cash Alternative |
75% of ticket sales |
Platform |
Raffall
|
Gary and Louise Simpson are the latest home owners to look to Raffall as a way of selling their property. The property which is located on Hesketh Avenue in Stoke On Trent (
as published here). The Stoke Sentinel actually reports that the total prize value is £190,000 but it should be noted that the prize does include a £10,000 contribution towards a new roof. However current data suggest that the most expensive property that has sold in Hesketh Avenue to date is £105,000 so we're not 100% on valuation.
How To Enter
The house has three bedrooms including two large doubles. Some furnishings are included with these rooms and details are provided on Raffall. All appliances are included with the kitchen and there's even a built in fish tank in the open plan lounge & dining room area. The garden area boasts two sheds and one - which is being used as a man cave - has electrics. The house has had an electric re-wire but obviously is in need of a new roof given the additional £10K prize. All solicitor and stamp duty fees will be paid for by the current owner.
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 £10 and there's no limit to the number you can purchase. You can purchase online using debit cards. No donations will be made to charity as part of this competition.
40,000 Ticket Sales
The Simpsons aim to sell 40,000 tickets (total revenue £400,000) by the Christmas Eve 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.
With just 40,000 tickets to be sold this one could go the distance if sales start briskly. However £10 a ticket UK competitions don't always attract interest so the owners will need to market the competition hard. £400K revenue does seem a lot though for the property. The biggest issue is the roof and whilst there's a £10,000 cash prize to sort it out that might be more (or less) than a problem for the potential winner. This highlights one of the issues of property raffles as in a normal purchase any issues would be flagged by a survey. When it comes to competitions these surveys are not available to entrants - perhaps it's time they were included?
See Competition Here
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Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. 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 all visitors do due diligence before spending money. House competitions are not regulated like other UK gambling sites but they can be equally expensive and addictive. If you're concerned about your spending on these competitions then please sign up for services like Betblocker and Gamstop. Please play responsibly.
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