Win A Villa In Portugal - Home Winner
McKinney Competitions, a raffle style prize draw company based in Ireland, are offering the chance to win either a 4 bedroom villa in Portugal plus cash and a VW Multi Van or £500,000 cash. Despite the hefty ticket prices - they're not cheap at a massive £99.97 a ticket - these raffles always seem to complete!
Winner: Lee Galloway
Launched: 11th October 2022 Closed: 30th October 2022
Platform: McKinney Competitions
Location: Alcantarilha, Portugal,
House Value: £500000 (4 Bedrooms)
Extras: £50,000 Cash
Car: 2022 VW Multi-Van
Ticket Price: £99.97 (Free Entry Available)
Tickets Sold: 17248 Revenue: £1724282.56 (Estimated)
Cash Alternative: £500,000
Whilst Omaze and Bounty Competitions have recently opted to offer properties in Spain in their prize draws, McKinney have headed across the border into Portugal. Now don't worry if trying to win a 4 Bed Villa in Portugal + £50,000 + 2022 VW Multi-Van isn't for you because McKinney are kindly also giving the winner to choose a half a million pound cash alternative. However let's take a look at the property on offer. The villa is located in the holiday hotspot of Albufeira in Portugal's wonderful Algarve region. Faro is the closest airport and it'll take you less than an hour (more like 45 minutes) to get to the location. That's perfect in terms of having a holiday home or for rental! In terms of value we've set that at £500,000 to encompass the full prize package that is on offer. We found a similar style property here which is valued at 429,000 Euros. We'll update if we find a better valuation and/or property details.
The property being offered looks stunning and comprises four bedrooms - one on the ground floor and three on the first floor. These are joined by a garden, spacious BBQ room, lounge area & swimming pool. It is described as eco-friendly and has it's own solar panels, air conditioning and heat recovery system. A security system, cable TV and internet are all installed too. A 2022 Volkswagen Multi-Van is included in the prize whilst the winner will also collect £50,000 cash. We're assuming the property comes fully furnished and ready to go. Once again McKinney have omitted details we think would be useful. Running costs, community charges and potential for rental income would all add to the details. We'd also like to know the processes in place for sorting out transfer of ownership etc. For example do McKinney cover costs for travelling out to Portugal? Of course you can avoid all these questions by simply accepting the £500,000 cash alternative.
How To Enter The Competition
To enter the competition for the chance to win the Villa in Portugal or cash alternative you simply need to answer a multiple choice question about the country. Note that you're not told whether your answer is right or not but the question is so absurdly easy that you won't need Google to check. Once you've made your selection it's simply a case of completing the purchase of your tickets. There is a free entry route offered for entrants who wish to take that option. Entry is via postcard and details about how to complete your entry are given on the website. However just note that if you're thinking of going via NPN then you will need to be fast as these draws can sell out quickly.
McKinney Competitions aim to sell a maximum of 17,499 tickets at £99.97 (total revenue just under £1.75million assuming full prices are paid) by the end of the month. Look out for the discount code POR20 (not sure of expiry) to get 20% of the ticket price. The deadline combined with ticket price again may seem incredibly ambitious but this company always seem to manage to come up with enough sales. According to the website the draw date is "always brought forward to next working day after all tickets are designated" and that the "date counter is just a possible maximum draw date". McKinney state that most items are sold within just 1 or 2 days although we're not expecting this one to fly out the door. At time of writing just over 1000 tickets had been sold so there's a long way to go but it is still better in terms of revenue than many other house raffles.
Like Bounty Competitions, McKinney seem to be able to put together these property prize draws and turn them around in just a few weeks. That's despite the high ticket price (even with a 20% discount) and the win a house sector struggling in other quarters. Obviously having a developed and fully engaged audience helps as does being transparent with your customers. Whilst McKinney do provide plenty of detail about the prize on offer we still would like a little more background - especially about costs and rentals - just to paint a bigger picture. The addition of the van and cash are obviously nice extras though as is the option to take the £500K as an alternative. But it does beg the question - what happens to the villa if the winner takes the cash?
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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