Luxury palace in central London
Wednesday, 30 May 2012 10:44What: Buckingham Palace
Where: Corner of The Mall and Constitution Hill, London
Price: £1 billion
This luxury property is located in the middle of London between two royal parks.
It has several bedrooms, a house guard for security, a master suite fit for a queen and a lovely balcony which is the ideal place to steal a kiss.
Okay Buckingham Palace is not for sale but it has recently been valued by Nationwide and we could not resist including it on our list of luxury properties.
Nationwide has valued the property at a whopping £1 billion, no doubt due to its location in the city, historical significance, spacious grounds and ability to bring in tourist dollars.
The home to the much-celebrated Queen Elizabeth II has increased in value by 9,000 per cent since her coronation in 1952.
The Queen’s 60 years on the throne have made a tremendous difference to the price of the property which was originally valued at £11 million when she was crowned.
In light of the Jubilee celebrations Nationwide chose to use the house price index trends to revalue the property and surprisingly it has broken the one billion pound mark.
The luxury piece of real estate is not the only home of the Queen’s to see a price increase.
Windsor Castle is another coveted property and is estimated to be worth £189 million if put on the market today.
When the Queen was crowned in 1952 its estimated value was only £2 million.
Whilst the average UK property has not had a palatial price increase the past 60 years has made a great difference to house prices which have increased from an average of £1,891 to £162,722 in that time.
Photographs from Thinkstock unless otherwise specified.
