Home / Lifestyle / Family's Bold Move: Raffle £325k Home for £5
Family's Bold Move: Raffle £325k Home for £5
14 Dec
Summary
- Family raffles £325,000 home for £5 tickets to overcome market sale issues.
- Over 50,000 tickets sold towards goal of 150,000 within six months.
- Raffle offers chance for someone to win a property at an affordable price.
A family in Rhoscolyn, Anglesey, has opted for an unconventional method to sell their £325,000 two-bedroom home. After struggling to sell the property on the market, they launched a raffle, offering tickets at £5 each. This decision came after 12 months of the house being listed with a reduced price, as the family sought a quicker resolution.
The family's goal is to sell 150,000 tickets within a six-month period, with a deadline of January 1. While the platform takes a percentage, and costs like legal fees and stamp duty apply, the raffle provides an accessible entry point for potential homeowners. So far, over 50,000 tickets have been sold, indicating significant interest.
Despite facing some public criticism, the family remains optimistic, viewing the raffle as a way to offer a chance at homeownership to those who might otherwise be priced out. This innovative approach has been a significant learning experience for the family, requiring dedication and resilience.
