Buckingham Palace is the London residence and official seat of the British monarch, currently Queen Elizabeth II. The magnificent building, located in the City of Westminster, is over 300 years old and an online estate agent has estimated the value of the historic building.
Main features of the palace include its proximity to Victoria Main Station and the fact that it has its own swimming pool, doctor’s office and gated security.
The description also jokes about the famous Changing of the Guard, stating, “Every now and then a few guards like to switch places.”
But before anyone gets too excited, the website says the Queen’s official residence isn’t actually for sale.
The description reads: “Emoov is delighted to bring to the market a house that is literally fit for royalty.
“Ok, so not really.
“But it’s okay to imagine living in the Queen’s quarters, is it?”
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Valuation experts estimate the palace to be worth £ 4.9 billion.
The website states: “By calculating the cost per square meter, we estimate that the overall floor plan for Buckingham Palace is approximately 77,000 m2, which brings the cost per square meter to 64,831. £.
“That’s almost 5,000% more than the average price per square meter in central London, which is £ 11,523.”
Estate agents even calculated the amount of a mortgage needed to buy Buckingham Palace.
Based on a 20 year fixed rate mortgage with an interest rate of 3.19% and a deemed deposit of 20%, the monthly mortgage payment would be £ 22,530,176.
Emoov calculates that the total cost of the historic building would then be almost £ 5.5 billion.