Fashion

You could bag this incredible £1.25million pad and end up having Tom Cruise as your neighbour for just £2

IF YOU’VE imagined yourself living in your own £1.25million mansion then you might be in luck, as you could win one for £2 in a new raffle. 

The luxurious Painter’s Keep is located in West Sussex and comes with private beach access within a gated community – and Tom Cruise could be your neighbour.

The four-bedroom pad is situated on the South Coast's “millionaire’s row” and looks ideal for escaping busy London life and enjoying seaside walks. 

Hollywood actor Tom, 58, spent part of lockdown at the Church of Scientology UK headquarters in East Grinstead when filming the seventh Mission Impossible was suspended this year, and is said to be looking to buy in the area.

One of the key features of the extravagant home is it used to be a former water tower and was once owned by an artist – hence its name “Painter's Keep”.

Owner Peter Pearce purchased the home in 2000 and then renovated it extensively over the 20 years he has lived there. 





It now boasts panoramic views from the fourth floor “observatory” and has a spacious kitchen that celebrity chefs would be envious of.

The home’s living room has French doors which look out over a south-facing patio, and the garden has stunning views over the surrounding fields. 

Meanwhile, the modern kitchen has a large island, a Tesla induction hob, Neff dishwasher and integrated fridge freezer.


The first floor has a spacious master bedroom, followed by a second and third bedroom, en suite bathrooms and a dressing room. 

There is even a private balcony which can be accessed via a secret door.

There is a fourth bedroom located on the second floor, with the observatory, formerly the water tower, on the third floor. 

HOW DOES THE HOUSE 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.

The winner will receive the house, the stamp duty and conveyancing fees. 

If by the closing date, the number of paid entries received is less than the minimum number of paid entries required (750,000), a draw will still take place and a cash payment will be paid to the winner instead of the house. 

The cash payment will be equal to 80 per cent of the total value of the paid entry fees received less the Promoter’s costs and the charitable donation. 

Proceeds of the raffle will go to support two local hospices, Chestnut Tree House and St Barnabas House, with the latter chosen as Peter’s dad 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.”



Peter said he will cover any stamp duty costs (of up to £91,250) and the rest of this year's council tax for the raffle winner. 

He will also include second home duty and legal fees up to a maximum of £1,200. 

The tickets first went on sale on July 20 at www.dreamhomeprizedraw.com and you have until August 31 to enter. 

Peter hopes 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).

We shared how family are offering £300k house in £2 raffle throw in £28k BMW as well after failing to sell home during pandemic.

And we also revealed the stunning four-bedroom 19th century country house to be raffled off for just £2 a ticket.

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