Buckingham Palace, which has served as the official London residence of Britain’s sovereigns since 1837, has 775 rooms - including 19 state rooms, 52 royal and guest bedrooms, 188 staff bedrooms, 92 offices and 78 bathrooms.
A one-bedroom apartment featuring a shared tennis court around the corner from the palace is on the rental market for $1,300 a week, or $67,600 a year. Multiplied by 10 renters, the resulting income could cover a fifth of last year’s royal fuel bill.
Sell a castle
Many of the properties occupied by the royal family are, in fact, owned by the state.
However, the queen does own Sandringham House in Norfolk and Balmoral Castle in Scotland, among others. She could save on their upkeep - and turn a nice profit - by selling one or more of them.
Parting with a property that has been in the family for several generations likely would be emotionally wrenching, but it also might ease any financial stress caused by rising fuel bills.
Forbes reported in 2001 that Sandringham and Balmoral together were worth $150 million. Given that average property prices in the United Kingdom have doubled over the past 10 years, those estates likely would be worth $300 million today.
Braving almost freezing temperatures outside Buckingham Palace, visitors and tourists offered a few ideas of their own.
Stephen Geary, 42, and his mother, Joyce, 76, from London, suggested that Her Majesty could save energy costs by installing solar panels on the roof and ditching her fleet of Rolls-Royces for subway travel.
“Selling off castles should be a last resort, but she should make every effort she can to set a good example by not being too extravagant,” said Amy, 42. “That would be good for the country.”View Entire Story
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