ENTERTAINMENT

Stunning £ 500,000 luxury apartment in North London with a private terrace could be yours for just £ 5


A luxury apartment in the most sought after areas of London worth £ 500,000 could be yours with a house raffle worth £ 5.

The breathtaking 422-square-meter estate in Kentish Town in north-west London has an open lounge, a fully equipped kitchen and an impressive private terrace.

Just a stone's throw from Kentish Town Underground, the property, which has been completely renovated, was designed by property developer Misuma Limited and is currently on WinMyDreamHome.com.

One step into the beautiful apartment shows a 17-foot reception area on the ground floor and a large open lounge, which offers a bright and open space to relax.

A step into the luxurious apartment in Kentish Town in northwestern London shows a large open lounge and kitchen

The open lounge in the apartment leads to an impressive private outdoor terrace and offers a bright and open space to relax

The open lounge in the apartment leads to an impressive private outdoor terrace and offers a bright and open space to relax

The spacious building has a fully equipped kitchen with laminate flooring, a built-in dishwasher, a washing machine and a fridge with freezer

The spacious building has a fully equipped kitchen with laminate flooring, a built-in dishwasher, a washing machine and a fridge with freezer

The property offers between one and two bedrooms, with a large room at the back of the house that can be converted into a bedroom or even a home office depending on the needs of the owner.

The lavish building also has an immaculate bathroom with a beautiful marble tile floor, a large curved glass shower, a heated towel rail and all the necessities to make life as pleasant as possible.

The building also offers an open, fully equipped kitchen with laminate flooring, built-in dishwasher, washing machine and fridge freezer to meet all your needs.

An outdoor terrace with a seating area offers the lucky winner a view of the surroundings.

After a full restoration, the London-based property has the latest insulation, fire resistance and soundproofing.

The apartment also has beautiful wooden windows at the front of the property and new double glazed casement windows at the rear.

The property has been completed to high specifications and is surrounded by a range of transportation options, from local bus routes into town and the West End to rail links from Kentish Town West.

The property is also a short walk from Kentish Town's lively main street, Camden market areas and the famous Hampstead Heath and Primrose Hill parks.

The stunning 422-square-meter property, just a stone's throw from Kentish Town Underground, has a spacious living room that opens onto a private outdoor patio

The stunning 422-square-meter property, just a stone's throw from Kentish Town Underground, has a spacious living room that opens onto a private outdoor patio

The apartment, which has recently been completely renovated, has a spacious bedroom with a view of the surroundings

The apartment, which has recently been completely renovated, has a spacious bedroom with a view of the surroundings

The property offers between one and two bedrooms, with a space at the back of the house possibly converting to a bedroom or a home office

The property offers between one and two bedrooms, with a space at the back of the house possibly converting to a bedroom or a home office

Inside the building is a stunning bathroom with a beautiful marble tile floor, a large curved glass shower and a heated towel rail

Inside the building is a stunning bathroom with a beautiful marble tile floor, a large curved glass shower and a heated towel rail

The residence, which is surrounded by a number of local bus and train lines, has a spacious seating area on the private outdoor terrace

The residence, which is surrounded by a number of local bus and train lines, has a spacious seating area on the private outdoor terrace

Marc Gerson, director of WinMyDreamHome.com, announced that the initiative will help local independent, hard hit companies struggling with the effects of Covid-19.

A percentage of the prize will be taken away at the end of the competition in January 2021 and given to selected companies who still have problems after Christmas.

Marc Gerson, CEO of WMDH & Misuma Ltd, said: & # 39; I have worked in this area for many years and witnessed the amazing growth in the area of ​​really special small independent companies.

& # 39; Unfortunately, these great companies that took the chance to open in the region suffered and I just want to give something back to the community that supported us through Covid-19. To survive the difficult times and make our small community as unique as it is. & # 39;

If you want to buy a ticket, you can visit winmydreamhome.com and go to the "Play Now" section of the website.

Single tickets cost £ 5, while those who want to buy a package of ten tickets pay £ 1 per ticket.

The contest ends on December 31, 2020 and the winner will be announced within 14 days.

What are the rules for a house raffle – and what happens if not enough tickets are sold?

What is a house raffle and how is it legal?

House raffles are becoming increasingly popular as dozens are held in the UK every year.

For the seller, the idea is to sell enough competition cards to cover the requested price – plus the costs for the operation.

Most have set up a website to advertise their competition and charge between £ 2 and £ 5 per ticket to attract as many participants as possible. However, more expensive properties can be raffled for £ 25 per ticket.

Once they reach their target, they randomly choose a lucky winner – however, the draw must be done by a regulated lottery company, not the owner.

If you want to keep the money you have won, you must either run a free raffle or add a competitive element to the raffle.

Participants should have to demonstrate their skills, knowledge or judgment to win the main prize.

Many people get around this by asking an incredibly simple question, such as, "What style is this house? A – Victorian, B – tudor or C – Georgian ”when people pay for their competition ticket.

Others played the ball games on site to determine the winner.

How often do house raffles fail?

More and more raffles are not hitting ticket targets as people become suspicious of them.

In this case, the organizers use their general terms and conditions.

These usually allow them to keep 25 percent of total sales to cover their time.

You can also deduct other reasonable operating costs such as legal or PR expenses.

The rest of the money is then given away – but it is always less than the value of the house that was for sale.