REVEALED: Royals earning £1.4m a year from blue-blooded short lets
Average room price for royal room is more than £1,300 per week as extent of Windsors' short let and holiday cottage empire is revealed.
The Royal Family is making more than £1.4 million a year from a thriving short lets property business, new figures reveal.
Research suggests the King and the Prince of Wales could be raking in £118,775 per month from their holiday-let portfolios.
Even allowing for cancellations, the Monarchy is still estimated to be bringing in a net annual income of slightly over £1.4 million, according to holiday lettings experts, Pikl Insurance.
The average price of a room in a coveted royal residence is an estimated £1,335 per week, generating more than £5,340 in monthly income.
Royal holiday lets include lodges at Balmoral Castle, where the royal family spends the summer holidays, and the Captain’s House at the late Queen Mother’s childhood home, the 16th century Castle of Mey.
In Ayrshire, the historic 18th century Dumfries House adds £31,185.63 to the royal coffers with more than 25 rooms available to book on the estate.
Restormel rakes in £47,000 a month
Meanwhile, Cornwall’s historic 500-year-old Restormel Manor at Lostwithiel (main image) generates an impressive £47,082 per month for the Prince of Wales through the Duchy of Cornwall.
There are three different areas within the manor house available to book separately, or you can book the entire nine-bed manor house for just under £11,000 for a week next August. There are also two cottages and six barn conversions on the estate, with a two-bed barn conversion still available at just under £2,000 this August.
However, not all royal stays will cost you a king’s ransom. The lodge at the Dumfries House has bed-and-breakfast rooms from just £170 per night, while the three-bedroom Captain’s House at the Castle of Mey will cost you £1,300 in August 2025.
“These figures are truly impressive and demonstrate the significant earning potential of these royal residences,” said Cliff Ward, Pikl’s in-house expert on the holiday-lettings industry.
“While the royal estate is undoubtedly a unique asset, it’s important to note that these properties face similar challenges to any other holiday let, including seasonal fluctuations and cancellations. Nevertheless, the overall income generated is impressive and highlights the potential of this market.”