Research from national UK estate agent, Keller Williams UK, has found that UK house prices have, once adjusted for inflation, risen by 377% since the Queen’s coronation in 1953, while the past 12 months have brought mixed fortunes for Her Majesty’s impressive property portfolio.
When Queen Elizabeth II was crowned on 2nd June 1953, the average UK house price was £1,884 which, when adjusted for inflation, is £53,794 in today’s money. Now, almost 70 years later, the average UK house price is £256,405; an impressive rise of 377%.
The UK nation with the largest price rise is England, where today’s average of £274,615 is up 436% from 1953, while the smallest rise has come from Northern Ireland, where today’s average house price of £149,178 is 193% higher than it was at the time of the coronation.
The Queen, along with the rest of the extended Royal Family, boasts a very impressive property portfolio that contains some of the UK’s most historic and beautiful residencies, from Highland castles to Chelsea palaces.
Just like the rest of the UK housing market, this property portfolio has endured a difficult 12 months as the world battles with COVID-19.
When all of the Queen’s properties, including those owned by The Crown and those owned privately by the Queen, are studied for performance over the past 12 months, there is almost a 50/50 split between those that have seen their value increase, and those that have seen it decline.
The Queen’s best-performing property is Bagshot Park, a sprawling Royal estate in Surrey Heath, has enjoyed the strongest growth in value since March 2020, with the average price for a home in its GU19 postcode rising 19% to £480,423.
This is followed by two more Royal residencies, Sandringham House and Anmer Hall, both of which are located in the PE35 postcode of King’s Lynn and West Norfolk area where house prices have enjoyed a 17% annual rise to currently sit at £343,018.