Property raffles are popping up everywhere, giving owners the chance to raise the money they need and people struggling to get onto the ladder the opportunity to get a house at a bargain price.
Back in June, Daniel Twenefour was one of those owners who successfully raffled off a house he’d bought but couldn’t sell because of the stalled market.
Daniel managed to surpass his target of selling 200,000 tickets for £2 for a three-bed house in Mitcham, south London, worth around £400,000.
The lucky winner now owns 6 Tramway Path completely mortgage free.
And now after the success of his first property, Daniel has teamed up with his brothers to do it all again.
Daniel tells Metro.co.uk: ‘After the first raffle, I received a lot of emails and messages praising the opportunity and how the raffle was run – some made references to the bad experiences they had with other house raffles.
‘I also had people mentioning that this was an easy route for them to get on the property ladder as they struggled to get the finances together for the traditional route.
‘Most of these messages and emails ended with “when are you going to do it again” so I spoke with my brothers about it and we decided to give it another go.’
Now, Daniel and his brothers Jason and Will have teamed up to help a home owner with his property in Whyteleafe, Surrey, worth £425,000.
He was told about the owner struggling to sell during lockdown after the last raffle so he reached out and they agreed a plan to help.
Daniel had learned a lot from his first experience and felt he could make this one a success too.
He adds: ‘Even things slow down you have to keep pushing. The raffle doesn’t take care of itself, you drive the momentum. I also learnt about the fees involved in setting up and running a raffle – they are significant!’
This flat has a 122 year lease, with a rental value of around £2,000 a month.
You’ll get 1100 square foot of space, with three bedrooms, an open plan kitchen, family bathroom and en-suite shower room.
There’s also a private balcony and allocated parking space.
There are at least 250,000 tickets available at £2 each, covering the cost of the property for the owner and any fees.
Some of the money from the raffle will also go to mental health charity Mind.
The closing date is 25 September 2020 at 11:59pm and the draw will be done electronically in the presence of a solicitor three days later at 7pm.
And if you aren’t lucky enough to win this one, the brothers plan to do more going forward.
Daniel adds: ‘We do have more plans. Ideally we’d like to do one after this before the end of the year (like a Christmas special).’
You can find the details on how to enter the raffle on their website.
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source https://metro.co.uk/2020/08/05/man-2-13088213/
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