Jump to content
House Price Crash Forum
Sign in to follow this  

Prize Flat Not Won, Still For Sale In "sleepy Market"

Recommended Posts

Anyone recall www.winalondonflat.com where a vendor put their flat up as a prize in a competition?

The one bed flat, in East Finchley, was not won, writes reporter Henry Ellis for The Press newspaper (16 Feb, page 5, top). The house that the vendor wanted to buy (after the competition) is "still on the market" reports the article, which adds "Thanks to a sleepy property market, selling the flat in the conventional way has proved difficult..." (although people interested in the flat are now arranging viewings via the website above, it suggests).

Apologies if already posted by someone else.

(Quotes are from The Barnet Press, 16/2/06, Enfield EN1 3SZ)

Share this post

Link to post
Share on other sites

Only £24k was raised! The real mugs are those who bought a ticket.

The price fund was 50% (£12k) as the market value was £152,500, so the vendor made £12k (minus expenses). Ok, he says he would offer a discount of £10k on the open market, but he would have had to do that anyway.

I would class this as a scam.

Share this post

Link to post
Share on other sites

Hello Jason, not a scam. I am sure they set out all the way the comp would proceed in their comp terms etc. A lady in Essex won a cash prize of I think £12K based on her guess of the asking price.

The reason I mentioned this article and the bit that interests me is purely where the newspaper writer admits things aren't selling that easily and the vendor mentions that the house she wants to buy is still not sold to someone else, all these many months later!

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.