Family raffles £325,000 seaside home for £5 a ticket rather than sell it
Summary
A family in Wales is raffling their seaside flat, valued at £325,000, by selling tickets for £5 each. They did this because they couldn't sell the flat through traditional means after lowering the price. The raffle aims to sell 150,000 tickets by January 1.Key Facts
- The seaside flat is located in Rhoscolyn on Anglesey and was originally a holiday home.
- The family has lived there for two-and-a-half years but needs a larger home.
- They couldn't sell the flat after lowering the price by £40,000 from the original asking price of £365,000.
- Tickets for the raffle are £5 each, with a goal to sell 150,000 tickets by January 1.
- So far, 50,531 tickets have been sold.
- The raffle is conducted through an online platform, which takes a 10% cut of the proceeds.
- If the ticket sales goal isn't met, the winner will get half the money collected, with the rest covering costs.
- The family noted they received some negative comments about the raffle but chose to ignore them.
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