Red-brick Mansion Apartment in Maida Vale
- Details
Status
Closed CompetitionClosing Date: 31-Dec-2018
The Property Prize
Property Type: ApartmentCountry: England
Location: Maida Vale, London
Market Value: £1,800,000
The Competition
Ticket Cost: £25Target Ticket Sales: 85,000
Near the centre of London you'll find this apartment on the wide avenues of Maida Value.
The apartment is spread over two floors and includes four bedrooms, two doubles and two singles. There are two balconies with views over London while inside there is a spacious kitchen diner plus two additional reception rooms and a small study area/utility room. Just five minutes walk from a tube station makes this apartment perfectly located for working or visiting central London.
The competition requires a London tube network themed crossword to be completed and there are multiple prizes with the second place prize being a very nice £100,000. Two charities are also being supported through the competition, the KIDS charity and the London Community Foundation. With an acheivable number of ticket sales needed this lovely property could soon be handed over to a competition winner.
Competition Outcome
Winning Prize: Cash AlternativeTickets Sold: 4,232
The competition closed on the 31st December 2018 with only £105,800 of proceeds, representing just 4,232 ticket sales. The cash alternative prize was drawn on the 2nd Jan along with two runners up prizes, the winner was from Milton Keynes and the runners up both from London.
Further details from the organisers:
* £79,350 as a single cash prize to the winner (75% of the total cash fund of £105,800)
* Donations of £2,645 each to be made to the Evening Standard Dispossessed Fund (via the London Community Fund which manages the Dispossessed Fund) and KIDs.org according to the competition terms and conditions (making up 5% of the total cash fund).
* The remainder of £21,160 constitutes 20% of the total cash fund which was allocated to cover competition expenses. Costs of setting up and running the competition come to circa £26,000 (as posted on our FaceBook page on 28th December).
Donations to the charities will be rounded up to £3,000 each by topping up from the 20% allocation to expenses.
Additionally, we would like to award runner up prizes to provide more opportunities for all those of you who have entered our competition. We've therefore decided to award two additional runner-up cash prizes of £2,500 each which will come out of the 20% allocation to expenses.