We've Bought Buckingham Palace
Here at The Property Buying Company, we are kicking off Platinum Jubilee festivities a little differently...
As the end of May draws near and the beginning of June looms, people across the country are dusting off their bunting and getting garden party-ready in preparation for the Queen's Platinum Jubilee.
Here at The Property Buying Company, we are celebrating things a little differently. To kick off the festivities, we are buying Buckingham Palace.
Well, not really. But instead, we are launching a competition for one lucky winner to win £700 to spend on your own palace if you can correctly guess the cash buy price. Hint… stamp duty alone would be £360 million. Even the recent Euromillions winner wouldn’t be able to afford that.. Ouch.
To enter the competition, all you need to do is follow us on Instagram and comment on what you think The Property Buying Company valuation is. It is worth noting that as a cash buyer, we do typically buy for under-market value.
Inside The Property
But first, let us tell you a little bit about what this central London pad has to offer for any would-be owners. The property boasts 240 bedrooms, a measly 78 bathrooms, 19 staterooms, and a 39-acre garden. If this still isn’t enough to sway you, amenities that come with the home include a mere 830,000 square foot swimming pool, an on-site post office, a doctor’s surgery, a jeweller’s workshop, and if all of that wasn’t enough, it also comes with gated security.
The Purchasing Process
After we received the initial enquiry the team of expert negotiators at The Property Buying Company made contact, taking in the details and condition of the Palace. The home boasts 240 bedrooms, 78 bathrooms, and 19 staterooms used for formal occasions. The team began looking into the location, grounds, and similar castles and palaces to get a price comparison as part of the valuation process. This was then passed to the in-house valuator.
Head of Valuation and Development, Nick, had this to say “I considered the key features, ranging from a swimming pool, on-site doctors surgery, post office, gated security, with local amenities within walking distance including Hyde Park and the West End, St James’ Park, and Victoria Mainline Station. I had to take into account the price per square foot in the SW1A postcode area, which currently stands at around £2,869.00 per sqft, alongside the stunning grounds that the palace is situated. We would then look to purchase this, in cash, covering all solicitors fees, completing in less than 28 days.”
From the point of having the offer accepted, the team of experts get to work, liaising with solicitors and working within a designated time frame. In this case, even a transaction of this scale would be completed in under 28 days.
Here at The Property Buying Company, we are a genuine cash buyer. We buy any house in any condition and location and are able to complete in a timescale of your choice, (as little as 7 days). Quick sales are our specialty. The Property Buying Company is owned and managed by property professionals with over 50 years combined experience in buying property throughout England & Wales.
We understand how stressful and daunting selling your home is, particularly if a quick sale is important to you. We pride ourselves on offering a professional, reliable service, through years of experience in the quick property sale industry. Taking the weight off your shoulders and leaving stress-free, TPBC will work with you and leave you safe in the knowledge that your property will complete in the near future.