A RAFFLE ticket holder hoping to win a £3 million luxury home or an Aston Martin has received the competition’s 'consolation' prize - £110,070.

A luxury Huf Haus in prestigious Avon Castle and £160,000 supercar were offered as prizes in a raffle organised by couple Mark and Sharon Beresford.

They sold almost 30,000 tickets at £25 each, meaning the competition took roughly £750,000.

But they had hoped to sell up to 250,000 tickets and rules of the contest meant the property and car were not triggered as prizes because they had not sold enough.

The rules also stated that any replacement cash prize would amount to 75 per cent of the value of tickets sold, after promotion costs.

The top prize handed out after this week’s draw was just over £110,000, meaning promotion costs must have amounted to some £600,000. The exact figure has not been revealed.

Carina Alcock from Christchurch has been revealed as the winner of the Win a Mega Home prize raffle.

The draw was made by a random number selector computer at Sterling Lottery Management, which is approved and audited by both the Gambling Commission and PwC.

It selected 100 tickets and local MP Christopher Chope drew the winner from that number.

An independent solicitor was also present at the time to oversee the procedure.

Mr and Mrs Beresford decided to launch the raffle after several offers for their home fell through.

And despite not selling enough tickets to offer the house as a prize, they said they don’t regret their decision.

Mark said: “It has been quite an experience and we have tried everything to sell enough tickets.

“We made sure everything was legal and above board and satisfied the Gambling Commission.

“Of course we’re disappointed that the house hasn’t been won as we want to move to Sussex to be near family.

“When we called the winner, Carina, she was overcome and we’re so happy for her and can’t wait to present her with the money.”

The property, called Avon Place, is set in an acre of private grounds with river views.

The raffle to win the Mega Home remained open right up until the closing date with no warning that the ticket threshold to win the home would not be met.

When television reporters went to the property on Thursday, Mr Beresford said £110,000 is a "substantial" sum of money and warned he would call police if they did not leave the entrance to the premises.