A mother offers a house as a lottery prize after not selling the two-bedroom property during the Covid-19 pandemic.
Jenny Lomax’s house is worth £ 125,000, but she’s offering it as a raffle prize with tickets from £ 3 each – the cost of a supermarket meal.
The 27-year-old real estate developer and interior designer home sales were suspended due to the pandemic.
But instead of waiting for things to start again, Jenny decided to give a lucky winner the chance to get the keys to the newly renovated patio house in the pretty Cheshire town of Congleton.
She aims to sell 80,000 tickets – each of which costs the same as a drink, sandwich, and snack lunch in many food stores – and hopes to give someone who otherwise wouldn’t be able to set foot on the property ladder the opportunity to own their own home.
Jenny, who lives in Buxton, Derbyshire, with her biologist husband Freddie, 29, and their two sons Leon, six, and Tommy, 11 months, said: “Not everyone can climb the property ladder.
“The house is worth £ 125,000 so I want to give someone the chance to win it and do whatever they want with it. They can live in it, resell it or rent it out – it’s really up to the winner.
“But it’s an absolute bargain because a lottery ticket costs the same as a meal deal at the supermarket!”
She added: “It is becoming increasingly difficult for young people to get a foot up the property ladder – especially now, with the pandemic, leave jobs and layoffs – and I want to give someone the chance to own a home. for a very small price. “
With 80,000 ticket sales set as its reserve to cover the costs of the property and operation the lottery, if that minimum is not met by the time the drawing closes on September 15 at 11pm, the property will be withdrawn and the winning ticket will instead yield 75 percent of all ticket sales.
Jenny said, “If we don’t sell tickets on time, the winning prize will be 75 percent of the money raised. The remaining 25 percent will be used to cover the lottery costs.”
She added, “So really, it’s a win-win for the winner! They’ll either get a new house or a significant amount.”
Property has emotional significance to Jenny, as she began her career thanks to a significant legacy, after losing her father, Jerry, 45, an engineer, in 2007 to the rare heart disease arrhythmogenic right ventricular cardiomyopathy (ARVC), and her mother Ruth, a kindergarten worker, 47, from cancer in 2012.
“The cancer had spread everywhere,” Jenny said. “She had a tumor in her brain, breast cancer and liver cancer.”
Jenny, who invested £ 130,000 in launching her business in early 2018, said: “I’ve always loved homes and interior design, so it felt like the perfect career move for me.
‘Besides, my father was always away with work. He was absolutely fantastic and I loved him dearly, but I haven’t seen much of him.
“So when I started my business, I wanted to make sure I was doing something that I was passionate about, that was profitable, but that I could also spend a lot of time with with my family.”
Jenny decided that a career in renovating homes was for her because she was also passionate about helping people climb the property ladder.
She continued, “I felt there were no reasonably priced properties on the market for young people looking to buy their first home.
“I wanted to develop houses that were beautiful inside and in a good environment, and then sell them for a reasonable price.”
Jenny bought her first property – a three-bedroom semi-detached house – in Congleton in 2018 for £ 86,000, and spent seven months and £ 40,000 renovating it before selling it to starters for £ 170,000.
“The first house I bought was really run down,” she said.
“At first I thought I could fix it up and resell it in six weeks, but in the end it took seven months – it was a lot of hard work and since then I’ve learned that nothing ever goes according to plan or falls within budget. “
She continued, “If you look at Homes Under The Hammer and they say,” This looks a lot simpler than it really is “- they’re absolutely right.
“But when I finally sold it to a couple who absolutely loved it, it was all worth it.”
Then, in December 2019, Jenny bought her second property: the one she is now raffling – for £ 79,000.
It took seven months and £ 25,000 to renovate the Victorian house – which has two bedrooms, two reception rooms, a family bathroom and an outdoor patio – until she was finally satisfied with the finished product.
She said: “The interior of the house is a mix of modern and traditional. It has all-new central heating and newly fitted French doors leading out to the terrace.
“The kitchen has a brand new fully fitted Howdens kitchen, with a new oven, electric hob and extractor.”
She continued, ‘I had chevron-style parquet floors and upcycled the original Victorian fireplaces with gray paint.
“In the bathroom, the bath has a custom panel of wood and the sink has been specially purchased to reflect the Victorian era of the property.
“New carpets and underlays have been fitted from the stairs to the two bedrooms and hallway – everything is brand new!”
According to Jenny, the house is located on a quiet residential street in a large catchment area of the school, has good transport links and would make the perfect “starter home” for a couple or a young family.
She said, “Congleton really is an emerging market city. It has beautiful antique furniture shops, cafes, bars and restaurants.
“The house itself would suit a couple or a young family looking for their very first home.”
She added, “The living room and kitchen are both large, so there’s plenty of room to entertain too.”
Jenny first put the house up for sale in July 2020 and soon realized it would be problematic to sell it the traditional way during the coronavirus pandemic.
So instead she decided to launch a lottery.
“It’s something I’ve been thinking about for a long time,” she said. “Even though the house had a lot of interest when it first hit the market, with lockdown, I had a hard time selling it, so I thought,” Why not just raffle it? ” “.
But running a lottery is expensive, which means Jenny had to set a minimum ticket sales of 80,000 to cover all of her expenses.
“There are many costs involved,” she said. “You have to have drawn up and approved the right terms and conditions for the lottery, then the platform on which the lottery is run will cost 10 percent.”
She added: ‘Then you have to pay the cost of the house, which was £ 125,000, plus the tax. It really starts to add up. “
If the tickets sell as planned, Jenny plans to donate some profit to charity.
“My father died of a very rare heart disease,” she said. “It may not mean I understand, but there is a greater risk of getting it since we were closely related.”
She continued, “So every three years I get tested at the Royal Hallamshire Hospital in Sheffield – and I would like to donate to them and the Chesterman wing because they have a specialized team focused on important research and I would love to give them what I can.
“I’m concerned that my little boys will develop the condition too – because it’s more fertile in men – so whatever I can do to help with research I’ll do.”
While she waits to see if her raffle is successful, Jenny – who also runs an online interior design company – hopes she can host similar contests in the coming years.
“I would like to raffle more houses in the future,” she said.
“That this platform can give someone the chance to get a house for so little money is amazing.
“There is so much pressure on people these days to choose the right career and save enough to get a home, but it’s just not that easy for everyone.
“To make life just that little bit easier for someone at every lottery would just be great.”