Accommodation experts Luxury Hotel used the rental property formula by taking 1.1 percent of the property’s total value to calculate the rental cost of each of the royal family’s residences. Their analysis estimates to rent Prince William and Kate, the Duchess of Cambridge’s home in London for one year, she would need to pay £19.4m.
Located in central London, Kensington Palace consists of multiple suites and royal apartments, which have been home to many notable members of the royal family over the years, including Princess Diana.
The Duke and Duchess of Cambridge live in Apartment 1A when they are not staying at Anmer Hall, their Norfolk country mansion.
Apartment 1A is a four-storey mansion located within the mansion, containing three bedrooms and its own nursery.
According to the study, it ranks as the 5th most expensive royal residence to rent.
Buckingham Palace tops the list of the most expensive royal to rent.
If you want to live like a queen, you have to have deep pockets as research indicates that the 775-room mansion, which is worth £1.3 billion, could be on the rental market at a price of £13.3 million a month.
This means it will bring in more than £175 million in annual rent.
The Queen’s Residence in central London spans over 77,000 square metres, and includes an infinite number of halls, ballrooms and bedrooms.
It’s also the site that features the famous balcony on which the royal family gathers to greet crowds at major events, including Trooping the Color and royal weddings.
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While Sandringham House in Norfolk, where the royal family traditionally spends Christmas, is the third most expensive royal residence to rent.
The estate will bring in £8.5 million a year on the rental market, and over £102 million a year.
In fourth place came Prince Charles and his wife Camilla at Highgrove House in Gloucestershire, which will cost £8.5 million a month to rent.
The mansion features nine bedrooms and six bathrooms and is surrounded by acres of organically farmed land and stunning gardens.
Clarence House, the official London residence of Charles and Camilla, is on the lower end of the scale when it comes to property rents, fetching £1.7m a month.
While Prince Harry and Meghan Markle’s property in Montecito, California will fetch a rent of £121,000 a month.
In addition to the nine bedrooms within the property, the Duke and Duchess of Sussex home also includes a gym and spa complete with sauna, home cinema, arcade, and game room.
A Luxury Hotel spokesperson commented on the findings: “Each property has tremendous historical and aesthetic value, representing decades – and sometimes centuries – of royal tradition and culture.
“Royal residences are ultimately invaluable due to their outstanding history and the widely famous people who lived within their walls, and the high amounts that properties such as Buckingham Palace and Windsor Castle would bring into the rental market reflect how important these properties are to the culture and history of the nation.”
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