A millionaire is raffling off a $4 million mansion complete with pool and golf course

A millionaire from the United Kingdom is raffling off a mansion on four hectares of land – and all the frills – for just £10.50 ($18) per ticket.

The $4 million property, near Tiverton in Devon, has a three-hole golf course, swimming pool, bar, and the winner will also get a wine collection, Rolls Royce, a gardener and housekeeper for a year – and more.

When you throw in the $87,500 cash that the 1990s mansion comes with, the pool and gym, tractor, quad bike, detached apartment and whiteware, it’s quite a deal.

To enter, you have to pay the money and answer a question correctly. 

You’ll then be in the draw – although you’ll be waiting until November 30, 2018 to find out.

There are also nine prizes of $17,500.

But why? The owners want to move closer to family, about four hours’ drive away. They also want to walk away with just a few personal items, so they’re holding the competition to “have some fun”, according to The Telegraph.

“We thought that selling the house through a competition would be a fun thing to do and would mean we could raise money for some of our favourite charities,” the homeowner, whose identity is anonymous, said.

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“We don’t want the hassle of moving everything out. We just want to walk out with our clothes, personal possessions and family photos.”

The owners won’t be doing too badly out of the competition.

The main prize is estimated to be worth about $5.25 million, and if they sell the 500,000 tickets they’re aiming to, the sales will be worth $9.19 million.

That said, the owners are planning to donate about $4 from each ticket sold to charities including the British Red Cross, the Make A Wish Foundation and Help For Heroes.

The small print

Unfortunately for Australians, only residents of England, Scotland and Wales can enter. There’s a limit of 10,000 tickets per person.

The random winner will be picked using a computer algorithm.

The main prize does not include any insurance, any maintenance or upkeep costs or phone bills associated with the property, council tax, or any other costs once the property has transferred to the winner.

The owners are hoping to sell 500,000 tickets. If they don’t, they reserve the right to substitute the main prize with a cash alternative.

That will equal the payments received minus the booking fee, minus 20 per cent to cover the charitable donation and minus 40 per cent for administration and promotion costs – or the actual costs incurred by the closing date – whichever is lower.

If that’s less than $173,000, they’ll award a minimum of that amount as a cash prize alternative.

This story was first published by Stuff.co.nz