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Leverage your property with an auction for a quick sale

Posted by fhadmin on 2017-07-30
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A desperate vendor is raffling his property after it was listed with an agent at £845,000 in December but apparently attracted only one viewing.

According to Rightmove, the property has previously been listed at £995,000.

The owner says it is now on the market with a price tag of £650,000. Some drop!

Raffle tickets are £2 each, with a closing date of August.

Owner Dunstan Low says Melling Manor, in Lancashire, will be repossessed if it fails to sell.

He says he has struggled to pay the mortgage after renovating the property, which is the wing of a large mansion, and has decided to take the sale of the home into his own hands after sounding out estate agents and quick-sale companies.

The house – essentially a semi – is described as having six bedrooms, a ballroom, drawing room, cinema room and sweeping gardens.

Low bought the property, a former hotel, for £435,000 in 2011, believing it needed no more than a lick of paint.

He claims to have received over 133,000 entries in the raffle, with the target to sell 500,000 tickets via the website

We have done a number of similar types of stories from time to time – but over the years, have never managed to report on a single successful sale of a property by raffle.

Does anyone know any different? Have there been any successful sales?

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