Man raffles £1.25 million four-bedroom Sussex home for just £2

A man is raffling his £1.25 million four-bedroom home in the Sussex countryside for just £2.

Peter Pearce, from Goring-by-sea, bought the unusual former water tower, which sits in the private estate of Kingston Gorse and is nestled amid the beautiful seaside location of East Preston, in 2000.

The estate is known as ‘Millionaire’s Row’, and the auction is even being promoted by local resident Love Island’s Amy Hart, with proceeds of the win going to support two local hospices, Chestnut Tree House and St Barnabas House. 

The house, which is known as ‘The Tower’ in the local area, is a former water tower, once owned by an artist – hence its name ‘Painter’s Keep’. 

Peter Pearce, from Goring-by-sea, bought the unusual former water tower, which sits in the private estate of Kingston Gorse and is nestled amid the beautiful seaside location of East Preston, in 2000

The stunning bathrooms boast modern tiling and sleek finishes with the home undergoing extensive renovations

The stunning bathrooms boast modern tiling and sleek finishes with the home undergoing extensive renovations

Peter, who purchased the home in 2000, has undertaken the extensive renovation of the property. 

As a result of Peter’s hard work, the property now boasts panoramic views from the fourth floor ‘observatory’ and a kitchen that celebrity chefs would be envious of.

The living room boasts French doors that look out onto a south-facing patio, with a sunny garden boasting views of the surrounding fields. 

Elsewhere, the modern kitchen is equipped with two MasterChef Neff slide and hide ovens, a Tesla induction hob, Neff dishwasher and integrated fridge freezer, as well as a large island.

Peter, who purchased the home in 2000, has undertaken the extensive renovation of the property

Peter, who purchased the home in 2000, has undertaken the extensive renovation of the property

The living room boasts French doors that look out onto a south-facing patio, with a sunny garden boasting views of the surrounding fields

The living room boasts French doors that look out onto a south-facing patio, with a sunny garden boasting views of the surrounding fields

How does the raffle work? 

The competition is open from 20 July 2020 until the 31 August 2020 and entrants can purchase an unlimited number of £2 tickets.

Dreamhomeprizedraw.com need to sell a minimum of 750,000 tickets for the house to be given away.

Charities St Barnabas House and Chestnut Tree House will receive a guaranteed donation of £10,000, regardless of how many tickets are sold, and the higher sum of £150,000 if the minimum number of tickets sell.

If the minimum number of raffle tickets sell, Peter Pearce will receive the market value price of £1,250,000, after donating £150,000 and paying the £100,000 in Stamp Duty and legal costs, enough to buy comfortably elsewhere.

Meanwhile a utility room provides the ideal space to clean up after those muddy country walks.

The first floor features a spacious master bedroom, second and third bedrooms, en suite bathrooms, a dressing room and even a private balcony – accessed via a secret door.

The second floor is home to a large bedroom, while the third floor boasts the home’s historical crowning glory – the observatory, formerly the water tower, boasting stunning panoramic views to the south, east and west.

Revealing that he chose the charity as his father spent his final days with St. Barnabas House, Peter said: ‘I saw the hospices’ appeal and having tried to sell my house I saw this prize draw initiative as a way for me to move on, while potentially changing someone’s life with an amazing new home, and giving something back to our local hospices, which are very close to my heart. 

‘St Barnabas House is where my father was cared for until his passing and I witnessed the amazing work the team do there.’

The house, which is known as 'The Tower' in the local area, is a former water tower, once owned by an artist - hence its name 'Painter's Keep

The house, which is known as ‘The Tower’ in the local area, is a former water tower, once owned by an artist – hence its name ‘Painter’s Keep

The first floor features a spacious master bedroom, second and third bedrooms, en suite bathrooms, a dressing room and even a private balcony - accessed via a secret door

The first floor features a spacious master bedroom, second and third bedrooms, en suite bathrooms, a dressing room and even a private balcony – accessed via a secret door

Peter concluded: ‘As a bonus, I am also throwing in stamp duty costs and the rest of this year’s council tax.’ 

As well as the four-bedroom home, stamp duty of up to £91,250 is covered, including second home duty and legal fees up to a maximum of £1,200. 

The tickets, which went on sale on the 20th July at www.dreamhomeprizedraw.com, are hoped to raise at least £150,000 for Chestnut Tree House (a charity providing hospice care for children and young people based in Sussex) and St Barnabas House (a charity providing palliative care to adults in the Worthing area). 

The hospices launched a crisis appeal earlier this year when the COVID-19 crisis led to a 70 per cent drop in fundraising income, asking the local community for help to ensure they can continue providing care for adults, children and families.

The second floor is home to a large bedroom, while the third floor boasts the home's historical crowning glory - the observatory, formerly the water tower, boasting stunning panoramic views to the south, east and west

The second floor is home to a large bedroom, while the third floor boasts the home’s historical crowning glory – the observatory, formerly the water tower, boasting stunning panoramic views to the south, east and west