Buckingham Palace is the residence of London and the official headquarters of the British King, currently Queen Elizabeth II. The spectacular building in the city of Westminster is over 300 years old and the real estate agent estimates the value of the historic building.
Estate online estate agent Emuway has featured Buckingham Palace on its website, giving the palace the look to sell.
Details of the property include 240 bedrooms, 19 state rooms, 78 bathrooms and freehold tenure.
Key features of the palace include its own swimming pool near the Victoria Mail Line station, doctor’s surgery and door security.
This description also mocks the famous change of guard, saying: “Now and then a few guards prefer to swap places.”
But before anyone gets excited, the website states that the Queen’s official residence is not really for sale.
The description reads: “Emuv enjoys bringing a home to market that is literally fit for royalty.
“Okay, so not really.
“But there’s no harm in imagining yourself living in the Queen’s quarters?”
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Valuation experts estimate that the value of the palace is op 4.9billion.
The website states: “When we calculate the cost per square meter, we estimate that the overall floor plan of Buckingham Palace is approximately 77,000 m.
“That’s about 5,000 per cent higher than the average price per square meter in central London, which comes in at 11,523.”
Estate agents also calculated how much a mortgage would be needed to buy Buckingham Palace.
Based on a 20-year fixed-rate mortgage with an interest rate of 3.19 percent and an assumed 20 percent deposit, the monthly mortgage payment would be 22,530,176.
Emu Ulates calculates the total cost of the historic building to be about 5. 5.5billion.
