STEAL ESTATE
Incredible £3.5m mansion with sauna, cinema & tennis court could be yours for just £10 – here’s how to win it
AN INCREDIBLE mansion worth a whopping £3.5 million could be yours for just a tenner.
The six-bedroom house is fully furnished and comes with a heated outdoor pool, sauna, cinema and tennis court.
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The stunning property nestled in the idyllic Cotswolds, Gloucestershire, also boasts a state-of-the-art kitchen, gym and en-suite bathrooms.
The 10,000sq ft house comes mortgage free and with all stamp duty and legal fees covered.
The grand prize - located near nature reserve Leckhampton Hill - is the latest Omaze Million Pound House Draw in the UK.
The lucky winner will also be given £50,000 cash to help them settle in, and is free to either live in the house, rent it out or sell it.
Estate agents estimate the property could net between £12,000 and £15,000 a month if the winner decides to rent it out long term or for holiday lets.
Online entries cost £10 for 15, £25 for 40, £50 for 85, £150 for 320 - or you can enter by post with no purchase necessary.
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There are, however, risks to be aware of if you're considering a property raffle.
Some organisers have been forced to refund entrants because payment services like PayPal have said that such ticket sales are in breach of their terms, or they have inadvertently fallen foul of advertising and gambling rules.
Even if a draw goes ahead, some competitions have clause which means the organiser can offer a cash prize that's much lower than the property value instead if they don't sell enough tickets.
One couple told The Sun how selling their home through a raffle turned out to be a "nightmare".
And one woman was hoping to win £3million home and ended up with a cash prize of £110,000 instead.
This draw will support the RSPCA – with the campaign giving the charity a minimum donation of £100,000.
James Oakes SVP International at Omaze said: “By offering this dream property in the Cotswolds, we’re not only giving people the chance to win an amazing house, but also raising money and introducing charities to brand new audiences."
To enter visit: . The draw closes on June 5 for online entries and June 7 for postal entries.
What are the home raffle catches to watch out for?
MANY of the people who choose to raffle off their home may have had difficulties selling it on the open market so it's important to look into the details of the property on offer.
- If your questions about the property on offer aren't answered by the competition's website you should contact the organiser to find out more.
- Check whether the property is freehold or leasehold. If leasehold, check how long is left on the lease and how much it might cost to renew.
- Find out whether there is a service charge, ground rent or other ongoing expenses.
- Some of the most impressive properties like castles and manor houses can have huge running costs that you might not be able to afford.
- Have a look at the selling price of other homes nearby on websites like Zoopla and Rightmove to make sure that the valuation promoted in the competition is realistic.
- Find out whether your legal fees will be covered as part of the prize.
- You shouldn't be required to pay stamp duty if you win as the purchase price of the property is effectively just the cost of an entry ticket or nothing if you used the free route.
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