Even though it’s unlikely that either of these two properties will be up for sale in the foreseeable future, it’s still fun to have a look at how much properties like The White House and Buckingham Palace might be worth were they ever to be put on the market.
Starting with the White House, let’s have a look at these palatial properties and see how they measure up for prospective buyers…
The White House
The US President’s home at 1600 Pennsylvania Avenue is a 55,000sqft property with 132 rooms in total, spread over six floors.
Facilities include 35 baths and 28 fireplaces for those chilly D.C. winters. Three elevators service the house, along with eight staircases for the more active residents. Those residents also benefit from the on-site tennis court, swimming pool, jogging track and basketball court. For more sedentary entertainment, a movie theater and bowling alley are also included.
The house’s first residents were President John Adams and his wife, who moved into the almost-completed house in 1800. Subsequent presidents have left their mark on the property over the years as they have altered it according to their needs and desires. The house was severely damaged by a fires in 1814 and in 1929, and the interior was entirely gutted and refurbished during the presidency of Harry S. Truman. The name ‘White House’ was only given to the property in 1901 by President Theodore Roosevelt, before which the property was simply known as the “President’s House”.
Buckingham Palace, with its commanding position at the end of The Mall and postcode of SW1A 1AA, is one of London’s most iconic buildings. Containing 830,000sqft of floorspace, the palace dwarfs the White House in size, with 775 rooms, including 78 bathrooms. 52 bedrooms house Royal residents and guests, while 19 State rooms are used for official ceremonies.
Other facilities housing within the complex include a chapel, swimming pool, cinema, doctor’s surgery and even a post office! The palace’s gardens cover 40 acres, and include a tennis court, lake and helicopter landing pad.
Buckingham Palace was bought by George III in 1761 for his wife Queen Charlotte. Then known as Buckingham House, the property was the perfect family home for the monarch’s wife and family, thanks to its proximity to St James’s Palace.
The house became the principal royal residence in 1837, with the accession of Queen Victoria. The Queen found the palace too small for both family and state purposes, so had the house extended with the East Wing – now the public face of the palace, including the balcony where the Royal Family greets crowds on special occasions.
So which is worth more? Real estate experts the Koitz Group recently estimated the value of the White House at $110 million, based on the property and prices of nearby estates. However, the historical value of the property was said to push the value up to over $1 billion, but let’s leave that out of the equation for now.
Buckingham Palace is estimated to be worth a staggering $1.6 billion, according to CBS News. London’s position as the third most expensive location for real estate in the world certainly helps this huge price tag, and sets the Westminster pile slightly out of the reach of the capital’s army of first time buyers. Mortgage payments on $1.6 billion don’t even bear thinking about!