Property developer finds the cost of renting a room in Buckingham Palace for the average person

Anita Durairaj2023-01-27

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A property developer and home construction company in the UK, McCarthy Stone has figured out how much it would cost to rent out Buckingham Palace in 2022.

The company specializes in developing retirement homes and it is the only UK developer to win a full five-star rating in the UK Home Builders Federation's customer satisfaction survey.

Buckingham Palace is a 775-room palace that is estimated to cost about $5 billion or more. It is an official royal residence that is held in trust by King Charles III.

When Queen Elizabeth II passed away, she left behind assets including those held in trust by the Sovereign. The total value of those assets and the British monarchy as a whole was estimated to be $88 billion in 2017. That number would most certainly have increased now.

By reviewing the size of Buckingham Palace, the number of rooms, and the location, McCarthy Stone estimated that it would cost 2.6 million British pounds (approximately $3.2 million) per month to rent out the whole palace. This is the 2022 rental price for the palace.

As for renting one room in Buckingham Palace, it is estimated that it could cost as much as $12,384 up to $1.2 million per night depending on the room and service.

After Buckingham Palace, the second most expensive place to rent in the UK is also a royal residence, St. James's Palace, and this would cost more than $2 million per month.

However, it should be noted that Buckingham Palace can never be sold or rented as it is considered to be a property held in trust for current and future generations of the Royal Family.

Buckingham Palace remains the most expensive home in the UK and living like royalty does not come cheap.

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Anita Durairaj

Trained with a Ph.D. in Chemistry from the University of Cincinnati, I write unique and interesting articles focused on science, history, and current events.

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Property developer finds the cost of renting a room in Buckingham Palace for the average person

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