- As Queen Elizabeth II becomes the UK’s longest serving monarch, Rentify evaluates how much each of her residences may have cost if she were renting
- Top of the rental pile is 240 bedroom Buckingham Palace in Central London, estimated at a rental cost of £303,340 a month
- Total rental bill for her top 7 properties throughout her 63-year and 7-month reign is estimated at £1,037,277,892
Whilst HRH may never have been renting any properties during her reign of 63 years and counting, lettings agent Rentify has estimated how much she might have paid had any of them been rentals* – figures not including the £150m needed to keep Buckingham Palace in good condition**!
First crowned on the 2nd of June 1953, Queen Elizabeth II has seen many changes throughout her reign as Britain’s longest-serving monarch. One such area with plenty of change has been her places of residence – having lived in a number of plush homes during her time on the throne.
The figures from Rentify put Buckingham Palace as the most expensive of the Queen’s residences, estimating a rent of £303,340 a month for the 240-bedroom central London property. This saw the Palace eclipse the average rent for the SW1 area by almost 2,000 per cent.
Overall, HRH’s seven properties would have racked up a combined rental bill of more than one billion pounds (£1,037,277,892) throughout her 23,227 day reign – which she may have had to trade in a few of the Crown Jewels for.
By comparison, the Duke and Duchess of Cambridge’s residence of Anmer Hall is estimated to command £14,000 a month.
Second on the royal rental rich list was Windsor Castle, with the Berkshire property estimated to command a rent of £129,375 PCM for its 225 bedrooms and 13 acres of land – 5,265 per cent higher than the average rent of a four-bedroom home in the area (£2,300 PCM).
“Royal properties will always command a royal price tag, and these estimates show that even royalty would not be exempt from the effect of astronomic London rents,” commented George Spencer, CEO of Rentify.
An overview of the Queen’s properties from throughout her reign, with estimated rents:
1. Buckingham Palace – £303,340 PCM
WHERE: London, England
NUMBER OF BEDROOMS: 240
OTHER KEY FEATURES: Central London location, large garden, 24/7 security
2. Windsor Castle – £129,375 PCM
WHERE: Berkshire, England
NUMBER OF ROOMS: 225
OTHER KEY FEATURES: Commuter belt, stunning views
3. Sandringham Palace – £94,500 PCM
WHERE: Norfolk, England
NUMBER OF ROOMS: 135
OTHER KEY FEATURES: Stunning garden, palace within Sandringham Estate
4. Balmoral Castle – £60,000 PCM
WHERE: Aberdeenshire, Scotland
NUMBER OF ROOMS: 100
OTHER KEY FEATURES: In the shadows of Lochnagar, private garden
5. Palace of Holyroodhouse – £49,260 PCM
WHERE: Edinburgh, Scotland
NUMBER OF ROOMS: 60
OTHER KEY FEATURES: City centre, woodlands
6. Hillsborough Castle – £42,667 PCM
WHERE: County Down, Northern Ireland
NUMBER OF ROOMS: 80
OTHER KEY FEATURES: Large garden, full time staff 24/7
7. Delnadamph Lodge – £4,200 PCM
WHERE: Aberdeenshire, Scotland
NUMBER OF ROOMS: 12
OTHER KEY FEATURES: Grouse shooting, near Balmoral Castle
*Estimates based on a number of factors including features of the home, location, age of buildings and aesthetic features.