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The raffle to win a Manor House

(35 Posts)
rocketstop Tue 11-Apr-17 10:09:16

Apologies if everyone has already debated this and I missed it !
So the man who is raffling off his manor house , grade 2 listed for £2 a ticket (In all the press) Now I know it's on the level and the raffle is being run correctly , I would have liked to have a punt on it, but on reading terms and condtions, I noted a sentence that said something like 'The seller is not responsible for any non ability to sell the property' or words to that effect, so does that mean if you won, you'd have a noose round your neck, unable to sell it on for a lower price than market value, yet still having to pay upkeep and probably high council tax ? That would just be my luck to win something that ended up COSTING me money !
Thoughts ??

Tizliz Tue 11-Apr-17 10:17:54

I am a bit of a comping geek. There have been several of this type of competitions over the last few years and I dont think any have successfully concluded. Personally
I never pay to enter a competition, there are plenty of free ones.

Ana Tue 11-Apr-17 10:26:32

Well, of course you'd have to pay for the mansion's upkeep if you won it!

And there has to be a reason why the seller isn't going down the normal route (perhaps it's been on the market for so long they're deseprate?)

Elegran Tue 11-Apr-17 10:59:37

The present owner is probably hoping that if enough people buy the £2 raffle tickets, he will make enough to cover all the debts he has built up trying to make a comfortable home out the picturesque old wreck.

If it is grade 2 listed her will not be able to make changes unless they pass stringent rules, or even get repairs done unless they are of the right standard, so perhaps he is finding it inconvenient and expensive. The new owner will be in the same position. I'd have thought that it would be worth more than £2, so you could probably find a rich American who wants a piece of real history someone to buy it off you at a profit. But don't count on it.

rocketstop Tue 11-Apr-17 16:10:59

TizLiz..It is a proper raffle and the owner is quite honest about being unable to afford the mortgage payments, and rather than the bank take the house he is raffling it in the hope he can recoup his money. The house was on the market at over £800k , then reduced to over £600k with no interest.If the bank took the house he gets nothing, this way, someone gets a house for £2 and he can pay his debts.

Hope that clears it up a bit for you too Ana . I probably didn't phrase my question very well, but over 180,000 people have had a go so far, here and abroad, so maybe I will !!!

yggdrasil Tue 11-Apr-17 16:12:37

How about a link :-)

rosesarered Tue 11-Apr-17 16:12:39

Be lucky! ?

rocketstop Tue 11-Apr-17 19:37:16

Hi, I didn't know if I would be allowed to put a link, but.. website is :

Good Luck !

Jalima1108 Tue 11-Apr-17 19:52:32

I'd like to downsize not upsize!!

rocketstop Tue 11-Apr-17 19:57:23

Well, I did it, my entry is in !
Anyone else ?

Jalima1108 Tue 11-Apr-17 19:58:17

Too far from where I want to be

MaizieD Tue 11-Apr-17 22:18:20

Lovely part of the country but the upkeep of the gardens alone would be exhausting!

What would you do with it if you won it, rocketstop? grin

Tizliz Tue 11-Apr-17 22:30:19

rocketstop this makes interesting reading

Tizliz Tue 11-Apr-17 22:34:16

Forgot to point out that there is a free entry route, the address is on the entry page

David1968 Wed 12-Apr-17 11:57:36

I wonder what happens if not enough tickets are sold..... And I note that it's only the east wing?

CardiffJaguar Wed 12-Apr-17 12:09:56

If 180k+ are in then it seems a fair bet; someone has to win. If you're not in it you cannot win it.

joannewton46 Wed 12-Apr-17 12:12:39

I suspect there is a minimum value of total ticket sales (so a minimum value to the house) and if this is not reached, there is no "sale."

merlin Wed 12-Apr-17 12:39:16

248,617 + paid entries as of 12/04/17 so alnost half way to their minimum of 500,000

dianetheartist Wed 12-Apr-17 12:46:19

in the small print it says if they dont raise enough for the house to be sold, they will pay out the cash to the winner minus 5% for admin... so that seems far enough....

sarahellenwhitney Wed 12-Apr-17 12:47:23

For £2? all you lose is £2. Pitch in there.

NfkDumpling Wed 12-Apr-17 12:51:24

No thanks. I couldn't possibly live in a semi!

VIOLETTE Wed 12-Apr-17 15:51:02

Thought about doing that once ,,,,,when I wanted to sell a house in the UK with a flat market ...thought of selling tickets for a raffle of £10 each ....then discovered for some reason it was illegal (probably tax or something !) I had reasoned that, at the time, several years ago, the house was worth 100,000 but if I was lucky I could sell more tickets and make a profit ! Bet it wouldn'at have worked for me though !!

lovebeigecardigans1955 Wed 12-Apr-17 16:42:47

I haven't seen this but will look it up out of interest. I've always wanted to live in something fancy like a manor house but (and it's a big but) if he's having to sell it by this method it flags up an alarm.
What if this old house needs a lot of work? Is it damp? Does it have condensation? Does it need underpinning? etc, etc. And of course with it being Grade II listed this really makes me worry because it makes work expensive and 'specialist.' Sorry to sound like a wet blanket but winning it could well come with a heap of problems.

Ana Wed 12-Apr-17 16:47:51

And it's only one wing of it he's selling off! grin

How on earth would you re-sell it?

Lewlew Wed 12-Apr-17 16:48:40

If you win it, do you have to pay taxes on it as if it were winings?