This incredible £1.3 million pound mansion could be yours for just £5 after the owner put it up for raffle.
It’s not everyday you could get a house for £5, especially given the current climate of rocketing house prices and impossibly hard-to-meet mortgages.
But now it seems the dream opportunity has sprung up in which a five-bedroom London home could be yours for less than a price of a glass of wine.
The owner, Renu Qadri, has decided to raffle off the five bedroom, fully-furnished, family-sized home in Blackheath, South East London, as she struggled to pay off her mortgage due to her disability.
Renu suffers from the skin condition psoriasis and has made the almost unbelievable decision to raffle it off for ‘somebody else to enjoy it’, after 20 years of living in the heavenly home.
The 48-year-old mum-of-five claims due to her debilitating skin condition – which causes red and flaky patches of skin – there are too many stairs to climb and now she can’t work as much, she can no longer afford to live there.
Adamant she would rather have someone live in the house on Hardy Road – near Westcombe Park train station – than it be repossessed by the bank, the owner wants to give someone the opportunity to ‘win’ her dream home.
She has put the house on property raffle site Home Raffler, with each ticket costing just £5 for a chance to win the house with a dining room, reception, kitchen diner, a garden and a conservation area looking out over Ingleside Gardens.
On top of all that, she is including all the bedroom furniture, kitchen appliances, leather sofas, a dining table and a crazy £12,000 worth of lead crystal chandeliers.
As well as ensuring her home goes to a loving new owner, Renu hopes to raise £10,000 to split between WaterAid and the Psoriasis Association.
The raffle will run for six months. We want to sell 750,000 tickets. I have five children, only one left living here. I think it is time somebody else gets to enjoy living here.
Even though Renu seems set on her decision to raffle off her house, her children are not so sure it is the right move.
They think I’m mad, but on the other hand they do think it is a good idea. London is the hardest place to buy a home and it is time for somebody else to live here, I think it is time we downsize.
She hopes to sell 750,000 tickets by November, but if she does not reach her target, then the leftover pot will go to one ticket holder, once all of the fees have been paid off.
Twenty years is a long time, we have had lots of good memories. All my neighbours and friends are asking about it everyone is interested.We want to take the sale into our own hands and give somebody else the chance to enjoy this wonderful house.
If we achieve our 750,000 paid entry target before November 7 we will donate £5,000 to Psoriasis Association and £5,000 to WaterAid as our way of thanking everyone for their support.
After buying our house we are now struggling to pay the mortgage due to disability, and have tried but failed to sell the property through traditional routes and we would like to avoid repossession.
After talking to many estate agents and quick buy companies, we believe it is in our best interest to take the sale of our property into our own hands, whilst offering someone else the opportunity to own and enjoy the property as their own.
This is an insane opportunity to win the house you’ve always dreamed of, but could never afford… until now.
Think of all the things you might be able to get for a fiver? Bet none of them compare to this. What an investment.