Live Next Door to Prince William and Kate Middleton for £20,000 per Week
The 4,100-square-foot apartment next to Kensington Palace is also just steps from Hyde Park and is near Freddie Mercury’s home
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Living next to British royals comes at a premium, and in this case, the price is £20,000 (US$26,527) per week.
The London apartment, which neighbours Kensington Palace, home to Prince William and Kate Middleton, Princess of Wales, hit the rental market on Tuesday.
Its exclusive Palace Green address also puts it near Kensington Gardens and Hyde Park.
Courtesy of Harrods Estates
“Palace Green is famous for its privacy and security, with some of the most prestigious homes in the city,” Sarah McIntyre, head of rentals at Harrods Estates, said in a statement. “The area combines luxurious amenities, lush green spaces, and a rich sense of history, making it one of the most sought-after addresses in Prime Central London.”
Located on the second floor—accessible via elevator—the apartment spans 4,126 square feet. It has four en-suite bedrooms and an additional room that could serve as either a fifth bedroom, a home office or a more informal living space, according to the listing with Harrods Estates. The spare room features a half-bath.
Interior details include parquet flooring, crown mouldings and a sleek modern kitchen. The home also has an air-cooling system—a rare amenity in the U.K.—and a spacious private terrace.
In addition to the plethora of green spaces the Kensington neighbourhood offers, the building has communal gardens for residents. It also has underground parking and 24-hour concierge services.
“The building was the first project in London to introduce hotel-style concierge services to apartment living when it was built in the 1990s,” McIntyre told Mansion Global.
Kensington has a history of notable residents, including Winston Churchill and Freddie Mercury , and it consistently tops the list for London’s priciest areas.
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Buyer demand, seller confidence and the First Home Guarantee Scheme are setting up a frantic spring, with activity likely to run through Christmas.
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The spring property market is shaping up as the most active in recent memory, according to property experts Two Red Shoes.
Mortgage brokers Rebecca Jarrett-Dalton and Brett Sutton point to a potent mix of pent-up buyer demand, robust seller confidence and the First Home Guarantee Scheme as catalysts for a sustained run.
“We’re seeing an unprecedented level of activity, with high auction numbers already a clear indicator of the market’s trajectory,” said Sutton. “Last week, Sydney saw its second-highest number of auctions for the year. This kind of volume, even before the new First Home Guarantee Scheme (FHGS) changes take effect, signals a powerful market run.”
Rebecca Jarrett-Dalton added a note of caution. “While inquiries are at an all-time high, the big question is whether we will have enough stock to meet this demand. The market is incredibly hot, and this could lead to a highly competitive environment for buyers, with many homes selling for hundreds of thousands above their reserve.”
“With listings not keeping pace with buyer demand, buyers are needing to compromise faster and bid harder.”
Two Red Shoes identifies several spring trends. The First Home Guarantee Scheme is expected to unlock a wave of first-time buyers by enabling eligible purchasers to enter with deposits as low as 5 per cent. The firm notes this supports entry and reduces rent leakage, but it is a demand-side fix that risks pushing prices higher around the relevant caps.
Buyer behaviour is shifting toward flexibility. With competition intense, purchasers are prioritising what they can afford over ideal suburb or land size. Two Red Shoes expects the common first-home target price to rise to between $1 and $1.2 million over the next six months.
Affordable corridors are drawing attention. The team highlights Hawkesbury, Claremont Meadows and growth areas such as Austral, with Glenbrook in the Lower Blue Mountains posting standout results. Preliminary Sydney auction clearance rates are holding above 70 per cent despite increased listings, underscoring the depth of demand.
The heat is not without friction. Reports of gazumping have risen, including instances where contract statements were withheld while agents continued to receive offers, reflecting the pressure on buyers in fast-moving campaigns.
Rates are steady, yet some banks are quietly trimming variable and fixed products. Many borrowers are maintaining higher repayments to accelerate principal reduction. “We’re also seeing a strong trend in rent-vesting, where owner-occupiers are investing in a property with the eventual goal of moving into it,” said Jarrett-Dalton.
“This is a smart strategy for safeguarding one’s future in this competitive market, where all signs point to an exceptionally busy and action-packed season.”
Two Red Shoes expects momentum to carry through the holiday period and into the new year, with competition remaining elevated while stock lags demand.
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