Here’s a bit of trivia: Did you know that HM Queen Elizabeth’s personal fortune is estimated to be worth up to £360m? We take a peek at the properties belonging to the world’s longest-reigning living monarch.
Some of the most aristocratic people of all time are the monarchs of England. The royal family, which traces its origins as far back as the 10th century, is the embodiment of some of the strongest empires the world has ever seen.
Like the game of Chess, which is modelled after the British royal family, the UK is one of only two kingdoms in the modern world where the Queen holds the highest form of authority.
As the Sovereign of an enormous empire that has historically conquered most parts of the world, one has to wonder: does the longest-reigning Queen have investments of her own?
The short answer? Yes, she does. The sovereign can own real estate in several ways — through the Crown and, privately, through the Royal Family.
The Crown Estate
A vast number of land in the UK known as the Crown Estate is owned by the Crown where it belongs to the reigning King or Queen. This property is usually run by independent organisations that the monarch hires.
An interesting fact is that any profit or yield that comes from these properties is directed towards the government treasury. However, the Queen receives 25% of the revenue generated from the Crown Estate in the form of a Sovereign Grant, which is used to fund her official work and the maintenance of her residences.
Many of the royal palaces and parks are owned by the Crown. According to the Land Registry, the Crown owns land in approximately 217 out of 342 districts in England and Wales — that is about 7,936 plots!
The Queen’s Collection
The Queen also has properties that she owns personally. The privately owned properties of the Queen can be divided in the form of two duchies: The Duchy of Lancaster and the Duchy of Cornwall. Some of these properties include grand hotels, iconic race courses and historic castles.
The Duchy of Lancaster, a 18,433-hectare estate, holds a number of historic properties, including the Lancaster Castle in Lancashire and Pickering Castle in Yorkshire. The Duchy generates an approximate annual income of £18m which is paid directly to the reigning monarch.
A major part of the Duchy of Lancaster is the Savoy Estate, located in central London. It is home to one of the world’s most luxurious and exclusive hotels — the iconic Savoy Hotel. The Duchy had a net worth of £519m and delivered a net income of £19.2m in 2017.
The Duchy of Cornwall consists of 53,000 hectares of land in 23 counties, mostly in the southwest of England. The Isles of Scilly and Dartmoor, which includes Highgrove, the private residence of the Prince of Wales and Camilla, are among the properties that fall within the Duchy of Cornwall. Unlike the Duchy of Lancaster, revenues generated are passed on to the heir of the throne — Prince Charles (currently).
Beyond the Duchies
Manchester’s staggering development and rising population growth makes it an attractive place for investors looking for the next big thing to invest. Property, in particular, is a secure choice as the demand for housing in the city continues to grow.
This adds to the numerous indisputable reasons why investing in UK property now is a smart investor’s move. From profitable returns, lucrative rental yields and the more affordable pound, property in the UK is a viable opportunity for anyone looking for a promising prospect to plonk their pennies.