I’m selling my £370,000 North London flat through a RAFFLE to try to help people get on the property ladder… tickets are £5

A homeowner is selling his flat in an online raffle in a bid to help first-time buyers get on the property ladder.

Gina Sapsted is offering her £370,000 two-bedroom flat in Tottenham, north London, for a raffle ticket worth just £5.

The 36-year-old was inspired to run the competition after watching a documentary about ‘dodgy real estate agents’ and reading an article about DIY giveaways.

She told the Daily Mail: ‘I think seeing them both a week apart helped and made me think ‘it feels like it’s something I’m totally capable of enduring this’.

‘People need a little bit of hope and it’s really great to win a two-bed flat and live rent-free, mortgage-free in London.

‘You don’t need to win a huge mansion for it to be life-changing.’

This will be the second time he has tried to sell his flat using an unorthodox method.

But the last one ended just after reaching half of its £300,000 target – so Ms Sapsted was unable to sell her flat – but one lucky winner in Liverpool took home a cash prize.

Picture: Mrs Sapsted’s flat. The 36-year-old actor has pledged that if he doesn’t sell his house, at least five percent of ticket sales will go to helping first-time homebuyers

This time Ms Sapsted is partnering with homeless charity All People All Places (APAP); Five per cent of all sales go to APAP and participants can alternatively walk away with a £300,000 prize.

To drum up support for her competition, Ms Sapsted has been posting powerfully on social media, where she has worked with creators who have lost their jobs to AI, and has taken to the streets of Tottenham wearing a sandwich board to advertise her lucrative prize.

In her second and final attempt to sell the flat, which is within walking distance of the Tottenham Hotspur Stadium, Ms Sapsted is targeting first-time buyers, hoping to help them get on the property ladder.

He said: ‘You know what life hasn’t really done for young people is what they’re told, people are told to go to university, get a good job, buy a house and the dream that everyone is told they can do is kind of like ripping at the seams.

‘There are a record number of men under 35 living at home with their parents. There are many indicators of youth housing shortages.

‘Ideally I want my property competition to go to people that the social media algorithm wouldn’t typically expect to see correctly. For example, there are people who generally do not gamble, but there are young people who live with their parents or live in rented houses.’

Although she admits it, it turns out that selling tickets now is more difficult than it was the first time, when Miss Sapsted had a back-up plan to sell her house.

‘In the scenario of me selling the flat or someone taking the money, I pledge that at least five percent of the ticket sales will go towards helping the first-time buyer purchase the flat,’ he said.

To rally support for her pageant, Miss Sapsted took to the streets of Tottenham with a sandwich board advertising her lucrative prize.

Ms Sapsted has lived in her shared flat since 2015. The apartment is within walking distance of Tottenham Hotspur Stadium.

He also floated the radical idea that the older generation, who in the 1970s could often buy their homes for as little as £4,000, could give buyers money to help them access their deposit.

They can do this by discounting up to five percent of the value of their home when selling it.

The 36-year-old continued: ‘Baby boomers can get up to five per cent of the value of their home when selling and pay buyers’ deposit or purchase costs upfront. Young people face much higher barriers to establishing deposits than previous generations.

‘If the government cannot find a solution, perhaps the generations that earn the most from housing prices will step in.

‘We are now at a point where either the market needs to crash so young people can buy homes, or we need to find a way to give back to young people.’

Ms Sapsted also pointed out that landlords selling their homes will often offer to support their tenants in similar ways when purchasing properties from their tenants.

He said: ‘I guess the question is should society ask ourselves whether we need to do this more? That’s what I’m trying to do, to start a conversation with a straight draw.’

Ms Sapsted, who has lived in her shared ownership flat since 2015, does not move far from her current home.

‘My partner bought a place just down the road. He knows I love Tottenham and my community, so he decided to live nearby. ‘I’ll still be a Tottenham girl.’

As well as the chance to win a flat or prize money, Ms Sapsted is offering two tickets to a concert of your choice this summer at Tottenham Hotspur Stadium, where the likes of Gorillaz, Bad Bunny and BTS will be performing in the coming months.

The competition will end on May 31st at 22:00. To enter Miss Sapsted’s raffle Click here.