The value of the Queen’s UK property portfolio has reached new heights in 2022, with the figure more than £3billion according to a new study.
Research has estimated that Her Majesty’s royal property portfolio may be worth up to £3.7 billion, with royal residences including castles, palaces and luxurious lodges across England, Northern Ireland, Scotland, and Wales.
The study, from retirement property experts McCarthy Stone, uncovered the cost of the Sovereign’s Royal homes as the UK celebrates the Queen’s Platinum Jubilee in June, looking at how much it would cost to buy or rent the spectacular British landmarks.
The cost to buy the royal residences
Buckingham Palace, the most famous royal residence and one of the UK’s most attractive tourist attractions, is unsurprisingly the priciest property in the Queen’s portfolio and is estimated at £1.3bn, with its role as a busy, administrative hub in central London.
Situated in Westminster, the second most expensive property is St James’s Palace, priced at £600m, closely followed by £580m Windsor Castle. Fourth spot is taken by Kensington Palace, which comprises of multiple apartments – one of which is home to Prince William and Kate, who reside in Apartment 1A. It’s grand architecture, royal history and Kensington and Chelsea postcode have helped the palace reach an estimated £558.2m in total value. London-based Clarence House comes in at £298.3m to complete the top five.
Despite its size, the Queen’s much-loved Aberdeenshire estate came in at £60.3m. The 7,242 square meter castle dwarfs’ other Scottish residences in comparison and The Castle of Mey in Caithness is estimated to be worth £10m. This makes the former home of the Queen’s mother just one-sixth of Balmoral’s cost.
