Why Yorkshire-born developers are raffling a £2m London apartment

Yorkshire-born developers Jonny Jackson, 28, and Harry Dee, 27, set up London-based Gatsby Properties five years ago.

Now their enterprising pair, who met at St Peter's School in York, are causing a stir after launching Cadivus, a website aimed at raffling off luxury homes.

Cadivus, which means windfall in Latin, went live yesterday and Jonny and Harry are putting their money where their mouths by raffling off one of their luxurious, refurbished apartments in South Kensington, London.

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The flat is worth £2m and the raffle winner will have stamp duty paid along with all legal fees and council tax, utility bills and service charge for the first year.

Tickets for the first Cadivus raffle will cost £10. Each entrant will have to answer a question to make it a “competition” so that Cadivus is not legally deemed as a gambling site. If they don't hit their target the cash prize will be raffled instead.

The aim is that www.cadivus.co.uk will become a “high end” raffling platform for others to use.

Gatsby Properties is also busy working on two sites in Driffield, Beechwood Grove and the regeneration of the old cattle market.