The British Royal Family is generating a hefty seven-figure income stream from holiday lets, an insurance company claims. 

Pikl Insurance says the family could be receiving some £118,775.85 per month, amounting to £1,425,310.20 annually, from the holiday let portfolio. 

Four of the main properties currently open to the public include Balmoral Castle, the Castle of Mey’s Captain House, Restormel Manor, Dumfries House.

Balmoral Castle, the summer retreat synonymous with the Royal Family, is estimated to bring in £36,798.30 per month, after accounting for anticipated cancellations. 

The Castle of Mey’s Captain House in the Scottish Highlands contributes £3,709.92 monthly, with the entire property available to book. 

In Ayrshire, Scotland, Dumfries House adds £31,185.63 twith over 25 rooms available to book within the estate. Meanwhile, Cornwall’s Restormel Manor generates £47,082 per month with four different areas within the manor house itself available for the public to book, alongside six different converted barns on the property.  

A Pikl spokesperson says: “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.”