You could own a 4 bed Italian villa for £25 - here’s how
Ever fantasised about packing up and moving to the Tuscan hills? Now might be your chance, as a stunning four bedroom villa is up for raffle.
The Tuscan stone villa is set to be raffled for £25 per ticket, with the property previously listed for €395,000, meaning it's worth around £365,000.
The house is being sold by couple Jon and Annmarie Nurse, who have said it’s a perfect opportunity for someone to get their dream house for an affordable price.
Located in the heart of Northern Tuscany in Garfagnana, the villa includes four bedrooms, three bathrooms, a swimming pool, and substantial landscaped gardens.
The couple have also pledged to donate £50,000 of the money raised to The Children’s Society, a national charity supporting vulnerable children in England and Wales.
How to get a raffle ticket?
To enter, you need to buy your tickets via the Win Houses in Italy website.
The deadline for entry is 29 January 2021, and you’ll need to be 18 to take part. Both homeowners and first-time buyers are free to enter.
The villa is being sold via a lottery system, meaning if all 20,000 tickets are sold you could be in with a chance of winning the house, which comes free of any mortgages or charges.
As stated on the house lottery website, the winner will be free from “other encumbrances at the promoter’s expense and including all fees charges and Italian house purchase taxes.”
Expenses for two European flights, two days car hire and a hotel will also be covered for the raffle winner.
The property raffle method has become a popular alternative for homeowners selling - particularly those struggling in a stalling housing market. Normally these kinds of auctions require a minimum number of tickets to be sold before the sale goes ahead.
If all tickets aren’t sold, the couple have said they will either award the house, depending on the number of tickets sold, or give the winner a cash prize, with a deduction of 20 per cent for expenses and marketing fees plus a 10 per cent charity donation.
Jon and Annmarie have said they've worked with the Gambling Commission and have made sure that entrants’ details are protected under GDPR (General Data Protection Regulation) rules.