Is winning all it's cracked up to be?
It sounds almost too good to be true. Buy a raffle ticket for £10 and walk away with a house worth millions, with no stamp duty,In fact, as the Mail recently pointed out, of theSince Omaze started their ‘win:win’ property draw in 2020, which raises money for
June was given the freedom to either live in the house, rent it out or sell it, with local estate agents estimating it could achieve £5,000 to £7,000 per month from long-term rentals – and up to £14,000 a week from peak season holiday rentals. She said she ‘wanted to enjoy at least one family holiday’ in the property before selling it and she got her wish.
But just eight months later she sold it for £2.8 million, so she could use the cash to support her daughters and grandchildren. She remains in her two-bed home with her husband David where she has lived for the past 40 years.But funding the lives of their loved ones isn’t the only motivation for abandoning their prize-draw homes. For one winner, Glen Elmy, it was a more fundamental issue.
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