The prestige that comes with living near a London palace means properties come with a handsome premium. “An average apartment in Westminster will cost you £1,500-£1,600 per sq ft and you would expect to pay a 40 per cent premium – so upwards of £3,000 per sq ft – for the best apartments in close proximity to the royals,” comments Simon Tollit, director of the central London estate agency Tedworth Property.
But palaces are invariably set in beautiful parkland or gardens, so they provide pleasingly green views. “A view towards the rear of the palace is best. Not only are you getting green open spaces – always at a premium in London – but the knowledge that it’s the Royal Family’s private space,” advises Simon Tollit.