OMAZE house

[walkinthewoodstoday]

So, I'm thinking of entering this competion. Clearly as much chance of winning as me getting an Olympic gold medal, but I keep reading that these 'amazing' houses have issues. Eg one has been massively flooded and another is so close to the cliff edge that it might be uninsurable and when it falls the owners will have a massive clear up bill. The current one is in Finsbury Park and I've even been sad enough to streetview it. Can't see any obvious issues, so why is it an OMAZE house? Please enlighten me!

Unfounded gossip! Do u know this is libel?

I have read an omaze response and this is incorrect

they stated the following:

We do not run credit checks. Omaze do not vet checks to see if potential winners can afford the house.
They do run extensive eligibility and proof of identity checks before entering into the conveyancing process.

from what I understand the only checks they make is about your identify which in relation to the legal process and not affordability. I think I read somewhere that they also do a criminal background check as this could potentially be damaging to Omaze’s reputation.

London one looks nice

Found it.

Derby Road, Victoria Park, Hackney.

For sale with Hamptons - previously?
https://www.hamptons.co.uk/properties/18501446/sales/A1N8D000000I5RYAAQ#/

It’s gorgeous but too much up keep how much is it to get those windows cleaned for a start? Plus I’d be too nervous of people breaking in. I would sell it and buy something simple like this in an area I know https://www.rightmove.co.uk/properties/147982010#/?channel=RES_BUY or one in a cheaper area that needs doing up. I hate the lack of outdoor space and I long for a London garden:

Cute.

Not a fan of the new house. No garden, just a court yard and the views of a brick wall is giving prison vibes

My first thought was about how you clean all that glass. I’m not keen on this one, but £12k a month rental is a great investment.

Who pays that kind of money in rent? Anyway, if someone did want to pay as much as that, even after the agent’s fee there would be enough to split four ways (us and the kids) every month for a massive upgrade in lifestyle. The (adult) children would have more choices going forward, and a huge inheritance down the line.

I'm not keen on this one, I'm afraid I would sell it ASAP. It just looks too corporate, not homely at all.

I assume it was hard to sell last time. I agree it looks cold and not homely. I can’t imagine living somewhere like that.

I don’t like the new one at all. Not my type of home.

I don't think many people ever intend to live in an Omaze house if they win.

Certainly by last year only 3 of the 15 winners up to that point were living in the houses they'd bagged - the others had all sold them or were renting them out.

If I won the Hackney house, I'd sell it for whatever I could get. Treat it as a slightly complicated lottery win.

Yes I don’t know what the tax implications would be if you sold it for five than bought a more suitable one for 3-4 (London prices) I imagine you would take a loss somewhere own the line

did I tell you I just one a £10 voucher? I wouldn’t have one if I didn’t log in

I would totally have lived in the Chelsea house and the Fulham house 🤓

If you already owned a house and sold the Omaze house quickly, you would only pay capital gains tax on the Omaze house, as a second property, if it had increased in value between you winning it and you selling it - hardly likely, since the Omaze publicity usually overstates the house's value.

I don't think there are any other tax implications but IANATL.

Congrats on the voucher.

I rent

I wsondervif its worth living in for a year to get the cash benefit. Its the cleaning that woukd do me in😃😃

Good find!

looking at google maps, it looks like it’s the building at the end of Derwent Walk, off Derby Road to me.

Bit hemmed in.
And for your £5m house, you’re parking on the street?

It looks like they basically built it in the back gardens of the houses surrounding it, so to enter what Hamptons claim is a £6m house you have to go through an alleyway, and there's no parking.

If I won it, I'd sell that house for whatever I could get, say £2m or £3m, and move on with my life.

It’s an old warehouse.

Amen

For one thing, like many people I have adult kids still renting, and boomeranging

Oh to be able to say "Here, kids, a nice flat each, you'll be paying the bills, when can you move your stuff out of ours?"

I doubt that its worth 5 million. But I'd be happy with 4 for a quick sale. That would do me, I'd probably want a house worth about 650k. Nice and roomy, but not too complex or huge and expensive to run. I'd have enough to give the kids a chunk each, and help a few more people and charities into the bargain.

I much prefer this https://www.rightmove.co.uk/properties/149344031#/?channel=RES_BUY

That's much nicer. I wonder if they would be prepared to swap? 😀

Omaze house on Rightmove. (Sorry if already posted)

https://www.rightmove.co.uk/properties/145248488#/?channel=RES_BUY