The curse of Omaze? Raffle winners sell up less than a year after owning their mega mansions as...
According to an expert who spoke to MailOnline, winners of Omaze house giveaways are selling their luxury homes in less than a year, as the £100,000 prize money they receive is insufficient to cover the running costs of running these enormous properties.
In addition to amazing homes, fortunate recipients of the giveaway receive a monetary safety net to assist with expenses.
However, earlier this year, MailOnline discovered that the majority of the Omaze house prizes are put up for sale within a year of being awarded.
A specialist in luxurious real estate has divulged the excruciating costs that winners have to pay for power, personnel, safety measures, and upkeep, often causing them to promptly opt to sell the property.
According to David Adams, the Managing Director of David Adams Luxury Property, the expenses related to the maintenance of such properties can amount to £100,000 annually. Moreover, the cost of living is also on the rise, which implies that these bills are getting even higher.
from Cornwall, England. June Smith, who has six grandchildren and was widowed, won a six-bedroom house in Cornwall.
In Cornwall, a woman named Ms. Smith decided to sell her home by the water during the summer for £4.5 million.
in a raffle worth just £10. Becca Pott, a financial analyst from Essex, has won a luxurious property valued at £3,500,000 in a raffle with a mere £10 entry fee.
for £3.2million Marilyn Pratt, who acquired a house worth £2.9million in April of this year, went on to sell it for a staggering £3.2million just a few months later.
in Cornwall in a raffle for just £10. Uttam Parmar, who is the lucky winner of a four-bedroom house in Cornwall, won this amazing prize by buying a raffle ticket for only £10. This stunning property is valued at £3,000,000 and is now in the hands of Mr. Parmar.
For individuals accustomed to dwelling in a standard abode where they fork over several hundred quid per month for electricity expenses and a few thousand annually for council taxes, it can be quite jarring to receive an initial bill amounting to £20,000 or £30,000. This is undeniably unsustainable, and many may opt out at this point.
Taking care of luxurious properties is an enormous business. If it's not your primary residence, you can't just neglect it. So, most residences are equipped with a security system that's checked and monitored regularly. During the winter, underfloor heating is needed, while air conditioning is a must during summer. And all the systems require annual maintenance to keep them running smoothly.
As houses become more up-to-date, they tend to be more costly to maintain. With the advancement of technology, devices are becoming increasingly complex and require the assistance of an IT specialist when malfunctions occur.
An article on MailOnline stated that out of the 14 impressive properties that were won so far, only three of them are being occupied by the winners presently. One of these properties is being used as an AirBnB rental.
in Cornwall, a beautiful coastal town in the southwest of England. They were posing next to their lovely home while capturing this wonderful moment on camera. Mr Parmar, aged 58, along with his dear wife Raki and son Aaron, were filled with joy and excitement as they relished their time in this picturesque location. Cornwall is renowned for its stunning coastline and natural beauty, and the Parmar family was clearly savoring every moment of their stay in this enchanting town. Their happiness radiates from the photograph, which captures a priceless family memory for them to cherish forever.
. In Cornwall, he received a generous sum of £50,000 to aid in his transition into his new home with a picturesque view of the estuary.
in raffles, so the news of winning a £3 million luxury mansion in Cornwall's Millionaire Maker competition was a complete shock to him. According to Mr Parmar, he initially didn't believe it when he received the phone call informing him of his win, but the reality of it sunk in when he saw the house for himself. Located in the coastal town of Rock, the mansion boasts five bedrooms, a private cinema, and a gym. Mr Parmar said that he and his family are very excited to move into their new home and enjoy all of its luxurious amenities. He also expressed his gratitude for the opportunity to win such a prize, stating that he's "just an ordinary guy" and never expected anything like this. The Millionaire Maker competition, run by Omaze, aims to raise money for various charities and gives participants a chance to win amazing prizes like this Cornwall mansion. Overall, Mr Parmar's win is a testament to the fact that sometimes, good things do happen to good people, and everyone should keep their eyes open for opportunities to make a difference in the world and potentially win big prizes along the way.
CORNWALL: The dwelling was obtained without a mortgage, and all expenses related to stamp duty and legal fees were paid for.
One of the individuals who opted to sell their property is Uttam Parmar, aged 58 and residing in Leicestershire. He decided to put his striking mansion in Cornwall on the market only 2 months after winning the lottery.
According to Mr. Parmar, they made the decision to sell their prized property due to financial difficulties in maintaining it. Mrs. Parmar, aged 53, agreed on this decision.
The speaker expressed that the house is located in a breathtaking spot in Cornwall, but it requires a considerable amount of money to maintain it, which they cannot afford. As a result, they have decided to sell it instead of retaining it as a vacation home.
If we had the financial means to maintain it, we would love to keep it. It has such stunning aesthetic qualities. However, our current objective is to acquire either a plot of land or a more petite residence instead.
The residence seems to be off the market now, but Mr Parmar declined to discuss whether it had been sold when approached by MailOnline.
June Smith, an elderly woman who is no longer working and has lost her husband, decided to sell her beautiful house after only visiting it once.
a competition to own, says she feels like a "princess" in her new home. The retired art teacher from Devon was the lucky winner of a competition to win the luxurious four-bedroom property in Cornwall, which comes complete with its own private beach. June Smith, a 74-year-old former art educator hailing from Devon, has won a contest to own a lavish four-bedroom, £4.5 million waterside mansion in Cornwall. This grand prize, which also comes with a lovely private beach, has made June feel like royalty as she now resides in her new abode.
in a lottery. This amazing news has surprised everyone, especially the winner herself. The lucky lady, who used to stay in a caravan during her holidays in Cornwall, has now become the owner of a grand mansion. It came as quite a shock to both her and those around her.
June Smith won and celebrated with her family! Her son Rory, granddaughter Lilian, daughter Katharine, granddaughter Nicole Bysouth-Smith, Rory's fiance Rebecca Swinn and Rebecca's mother all joined in the festivities.
The grandma from Essex decided to sell her home by the water in Fowey, Cornwall in the summertime for a price of £4.5 million. Currently, it is marked as sold as long as certain conditions are met.
Over in the opposite coast of the nation, in Kingstown which can be found near Deal located in Kent, there was a separate house that sits on top of a cliff. The fortunate winners who successfully obtained the house worth £2.5 million decided to leave the residence right after winning it.
Last year, in the Fall season, a couple named Jade and her partner from West Midlands won a stunning property located in a seaside village.
Jade, who also won a cash prize of £50,000, expressed in interviews that the victory had a significant impact on her life. She stated that it was a life-altering experience.
However, only a few months later, the residence with unparalleled scenery overlooking the English Channel became available for purchase again at the price of £2.5 million.
A person won a fancy mansion that costs £3 million and has a great view of a bay. However, they decided to leave the mansion after only three days because they heard that the cliff the mansion was built on was crumbling and falling into the sea.
Glen Elmy, a worker in a foundry located in Walsall, won the competition and moved into a charming property with a design akin to that of James Bond in October of this year. He savored the breathtaking views overlooking Combe Martin Bay located along the coast of north Devon.
DEVON: Glen Elmy also accompanied Mr. Elmy, his son Sam, and future wife Emily, along with Debbie Elmy and their son Luke.
In Devon, a lucky person won a house by participating in a raffle with a ticket worth £25.
- in a charity raffle. Devon was the lucky winner of a Bond-esque beachfront mansion that comes with a stunning infinity pool, which had a value of £3 million, through a charitable raffle.
Glen Elmy's present residence is a four-bedroom property situated in Walsall. This was his abode prior to being blessed with the grand Omaze house.
After three days, he found out that coastal erosion was endangering his property. He then gave the keys back to Omaze and asked for a payout that equaled the property's value of £3 million.
It is reported that Mr. Elmy hasn't revisited the property with five bedrooms since the incident, and it is speculated that the company organizing the house lottery fulfilled Mr. Elmy's requests and provided him with payment.
70-year-old Marilyn Pratt from Fulham in London won a house worth £2.9 million in April 2021, but she decided to sell it after eight months for £100,000 less than its original price. Her reason was to provide financial assistance to her two daughters and grandchildren.
After much contemplation, she resolved to stay put with her partner David in their humble abode with two bedrooms, where they have dwelled in for more than four decades, situated in the southeastern part of the bustling city of London.
Several lucky individuals have taken up residence in their prize homes and are still relishing the experience. One such winner is Kevin Johnson, a builder from Islington in North London, who has expressed his desire to remain in his £3 million Omaze dream home and not relocate elsewhere.
in one of the biggest competitions in the country. The former schoolteacher from Devon entered the contest, run by property company Omaze, by making a donation to a charity for veterans. The stunning four-bedroom house in Fulham, London boasts a gym, art studio and wine cellar and is worth more than twice the amount Marilyn paid for her former home. Marilyn said she was "in complete disbelief" when she found out she had won and said the house was her "dream home". Omaze has raised almost £200,000 for The Prince’s Trust to help young people at risk of poverty, homelessness or unemployment. Marilyn Pratt, an ex-teacher from Devon, was the lucky winner of a grand £2.9million house in Fulham, London courtesy of property firm Omaze. The contest required a donation to be made to a charity for veterans as entry. Boasting an array of luxuries including a gym, art studio, and a wine cellar, the four-bedroom house Marilyn won is worth double her former property. Overwhelmed with emotion, she spoke of the disbelief she felt when she discovered that she had won her dream home. Omaze was able to raise a substantial sum of close to £200,000 for The Prince's Trust, supporting at-risk young people facing poverty, joblessness, and homelessness in the UK.
In London, a woman sold her house eight months after buying it, but this time it was for £100,000 less. She did this in order to offer financial support to her family.
Becca Pott, a 33-year-old mother, shared her experience of residing in her luxurious Omaze residence worth £3.9 million located in Ascot, Berks. Initially, Pott moved into the property with the intention of experiencing the lavish lifestyle for a short period. However, she found herself enjoying the life of luxury so much that she decided to extend her stay.
Mrs. Pott, a financial analyst, secured ownership of a grand five-bedroom house in February of last year, simply by purchasing a ticket worth £10. Her husband, Ben, had intended to enter the competition, but had accidentally forgotten to do so.
Despite the fact that a lot of victorious individuals have taken advantage of their good luck and sold their properties, this particular pair resolved to experience what it's like dwelling in close proximity to renowned personalities and the privileged class of the society who have abodes in the proximity.
According to Mrs. Pott, they had always planned to move in and spend the first summer there to get a feel for what it's like to live as a family in such a magnificent place.
However, it became apparent to us in a matter of weeks that we had no intention of departing the place, and henceforth arrived at the conclusion that we must acquire it.
A representative from Omaze stated that every winner of their Grand Prize will get a sum of £100,000 in cash which they can use to settle and take care of their new property.
You can see the approximate expenses for every home on the Omaze site.
The individuals who emerge as champions have the option to reside in the property, lease it to acquire extra funds, or trade it for a considerable sum of money to become a multi-millionaire.
The winner has complete freedom to decide how they want to utilize their life changing prize - whether to put their recently acquired house on sale and deposit the resulting amount or not.
Omaze is thrilled to announce that 20 lucky people have become millionaires and at the same time, they have raised £25 million for charitable causes since their launch in the United Kingdom.
