Win A Victorian Home In Cork - Cash Winner
Here's your chance to win a special fully furnished Victorian property in the historical maritime town of Cobh Co. Cork Rep of Ireland. This B&B and holistic treatment business is worth over €1,500,000 and tickets cost £50 each. The competition is hosted on the Raffall platform.
Winner: Cathal Whelan
Launched: 24th March 2022 Closed: 24th March 2023
Location: Cork, Ireland,
House Value: £1270000 (8 Bedrooms)
Ticket Price: £50.00 (Free Entry - See 5.6 in Terms)
Tickets Sold: 2100 Revenue: £105000 (Estimated)
Cash Alternative: 75% of ticket sales
Dee Mackesy has decided to raffle her business, Robin Hill Sanctuary, an award winning 4* bed and breakfast accommodation & holistic treatment centre in a new prize draw on Raffall. According to the owner it is described as a "great business venture which will generate income for you and your family from the first day as training will be provided". Note that the winner doesn't have to take on the business as is and could use it as a family home, holiday rental or even sell on the property. Located on a steep hill and boasting some of the best views of Cork Harbour, Robin Hill Sanctuary is valued at €1,500,000 (as of February 2022).
About The Property
The property is a listed building built in 1866, and is "an oasis of peace and tranquility". There are 6 large bedrooms all with en-suite bathrooms on the first floor whilst on the ground floor there's a self contained 2 bedroom apartment. This is joined by a spacious dining room with sensational sea views and kitchen, lounge, drawing room and reception area. In the gardens there's a self contained wooden chalet which is currently rented as a holiday let. No details are given with respect to potential income, how well the business is doing, costs of running the house/business etc. The Raffall page does say check out the website for more details. The host will pay all fees and stamp duty. Note that the house also comes fully furnished.
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 - for this particular competition you'll need to answer a multiple choice question about a colour that's associated with Ireland. Tickets cost £50 each and there's no limit to the number you can purchase. You can purchase online using debit cards. The Hope Foundation will benefit from 5% of the host's revenue but this money will only be donated if the property is won!
50,000 Ticket Sales
The promoter hopes to sell 50,000 tickets (total revenue £2,500,000) by the end of March 2023 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. The remainder gets paid to Raffall and the host receives nothing. Given that total revenue is quite high compared to the house valuation we suspect that the property could be won if less tickets were sold and all parties were agreeable. 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.
Ireland house raffles have had a good run but recent additions have struggled compared to early adopters. Whilst this property and business is attractive we do think the ticket target is high. The host is aiming to basically get double the value of the property (although this doesn't account for donations and Raffall's fees). The year long running time is also something we're not keen on. When a house prize draw thas 12 months to run it's hard to create urgency and interest in potential entrants. Many will hold off until the last minute just to see if enough tickets have been sold to win the property or a decent cash prize.
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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