An English man put his $495k (£400) house on a $2.
5 raffle after he was unable to find a prospective buyer for it.
When Daniel Twenefour put his Mitcham estate on the market in the traditional way, he didn’t receive a plausible response due to a number of reasons.
Daniel told The Wimbledon Times: “There were other buyers who showed interest but it went back and forth for too long.
“I had a few different excuses from the agent; the location of the property, Brexit, bad timing on the market.
“After a little while I took it off the market and put it in an auction where it sold but didn’t meet my reserve price – I would have been left in debt if I accepted what it sold for.”
In a desperate bid to sell off the property, Daniel put it up on a raffle ticket, the prize draw of which will take place on May 31.
Now this move may look bizarre to you but house raffling has been a thing for quite some time now.
Explaining the process to The Metro, Daniel said: “It’s no surprise that the coronavirus has brought the UK housing market to a grinding halt.
“However after some thought I realized that I didn’t need a housing market per se, I just needed to reach people who wanted the chance to own a London home, totally mortgage-free.
“The concept is a simple but powerful one. Each ticket will be sold for £2, which is then entered into a competition draw.
“The competition will be open for a limited time and once it closes, the winning ticket will be chosen by a random number generator, in the presence of a solicitor.
“The winner gets to be the new mortgage-free owner of 6 Tramway Path in Mitcham.”
The reason Daniel is so eager to sell his property is that he wants to move to a quieter place since his current home is located in the vicinity of a busy railway stop.
“We decided that we wanted to move slightly further out to the quieter more family-oriented area of Purley,” Daniel said. “Living at Tramway Path was a bit busy.
“It’s across the road from a tram stop that can get you into Zone 1 in about 35 minutes. Its also off a fairly busy main road. The location is great for a commuter or a family with older children.”
Replaced!