But each property is allocated a certain amount of tickets that must be sold in order for the seller to get a fair price for their home. If this amount isn’t met, the seller can choose to extend the competition or end it, at which point the winning number will get a cash prize taken from all the tickets that were bought.

The odds of winning won’t be skewed by someone being able to afford way more tickets than you either; each property’s tickets are capped to 150 per customer. Additionally, there’s a limit on how many can be sold overall, so that your odds can’t diminish into obscurity.

The Dalston apartment mentioned earlier has 380,000 tickets available, which although a lot, is nothing compared to the 45 million that play the National Lottery every week.

So there we have it, your dreams of becoming a houseowner may be closer than you originally thought.

Images: Bernadette Gatsby / Winabode

Here’s how to buy a house or a flat for the princely sum of £1