Tottenham Homeowner Raffles £380,000 Flat for £5, Sparks Debate on Property Sales

London, UK – Gina Sapsted, a 36-year-old data analyst, is raffling her two-bedroom Tottenham flat, valued at £380,000, for £5 a ticket. Moving in with her boyfriend, Sapsted chose this method to avoid traditional selling stress and offer a life-changing opportunity. She needs to sell 120,000 tickets by January 2026 to reach a £600,000 target. This covers the flat's value, a £10,000 cash prize, and various fees including platform, charity, marketing, stamp duty, and legal costs. Addressing skepticism, Gina stated, "Some people suggest it’s a scam or I can't sell through the open market, but none of that is true." She clarified it's a "prize competition," not gambling, and is transparent about the financial breakdown, noting minimal personal profit. The UK property raffle industry is largely unregulated.

Metro

2 days ago

I’m selling my London flat for £5 — I know it sounds like a scam

One lucky winner will get a £380,000 flat for just £5.