Buckingham Palace put ‘up for sale’ by estate agent for eye-watering amount

Buckingham Palace has been listed by an online estate agent, and the price for the luxurious property is eye-watering.

The London residence of the Queen has been put online – though it is not actually up for sale.

Emoov featured the palace making it seem like it was up for grabs, however the website gives people an idea of what it would be like if it actually was.

The estate agent has estimated the price of the stunning 300-year-old building, which boasts of 240 bedrooms, reports Express.

In the details of the property it also mentions the palace has 19 state rooms, 78 bathrooms and has a freehold tenure.

Key features of the Palace include its close proximity to Victoria mainline station and that it has its own swimming pool, doctor’s surgery and gated security.

The description also makes a joke at the famous changing of the guard, by stating: “Every now and then, a few guards like to swap places.”

But before anyone gets too excited, the website states the Queen’s official residence is not actually for sale.

The description reads: “Emoov is delighted to bring to market a home that is quite literally fit for royalty.

“Ok, so not really.

“But there’s no harm in imagining yourself living in the Queen’s quarters is there?”

It continues: “Buckingham Palace might not actually be for sale.

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“But can you guess how much it would go on the market for should The Queen decide to sell up?”

The online estate agents valuation experts state the Palace is the most expensive ministerial mansion.

The website has ranked the homes of 20 world leader residences and Buckingham Palace was found to be the most expensive property.

The valuation experts estimate the Palace is worth a whopping £4.9billion.

The website states: “Calculating the cost per square metre, we estimate that the overall floor plan of Buckingham Palace is around 77,000m2, which makes the cost per metre square a staggering £64,831.

“That’s almost 5000 percent more than the average price per square metre in Central London, which comes in at £11,523.”

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The estate agents even calculated how big a mortgage would be needed to purchase Buckingham Palace.

Based on a 20 year fixed-rate mortgage with a 3.19 percent interest rate and an assumed 20 percent deposit, the monthly mortgage payment would be £22,530,176.

Emoov calculates the total cost of the historic building would then be almost £5.5billion.

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