Rishi Sunak’s real estate: the new Prime Minister’s property portfolio revealed

Rishi Sunak leaving his London home  (Zuma Press/PA Images)
Rishi Sunak leaving his London home (Zuma Press/PA Images)

Rishi Sunak replaced his former leadership rival, Liz Truss, as Prime Minister of the UK yesterday. As a result, it’s likely he’ll be moving back to the familiar surroundings of Downing Street.

Mr Sunak lived in a flat at Number 10 when he was chancellor, while Boris Johnson lived in the larger apartments next door at Number 11, a reversal of the traditional arrangement first made by Tony Blair.

Unlike his predecessor and former neighbour, Mr Sunak funded a refurbishment of the flat at Number 10 himself, so perhaps he will be inclined to move back in there with his family.

Wallpapergate, and Carrie Johnson’s penchant for Lulu Lytle’s £225-a-roll “gold” wallpaper, were among embarrassments to Mr Johnson during his time in office. Although even the Johnsons’ Downing Street flat makeover costs pale in comparison to the extraordinary spending power of Mr Sunak and his wife, whose joint fortune was valued at £730 million by the Sunday Times Rich List in May.

The MP for Richmond in Yorkshire, is worth an estimated £200 million. His personal wealth came under intense scrutiny recently after it emerged that his billionaire heiress wife Akshata Murty’s non-domiciled status meant she had not been required to pay UK taxes on her income derived from outside the UK.

Ms Murty has since said she will pay UK tax on all her worldwide income as she does not want her non-dom status to be a “distraction” for her husband.

The couple, who married in 2009, own a string of luxury properties worth an estimated £15 million, from a Pacific Ocean facing penthouse apartment in celebrity enclave Santa Monica, to a rambling Georgian manor house in North Yorkshire.

In London, they own two properties including a five-bedroom mews house in Kensington and pied-à-terre apartment in South Kensington’s Old Brompton Road.

Mr Sunak purchased his first property, the South Kensington pad in 2001 while working as an investment analyst for Goldman Sachs.

Rather than maximising his income by renting it out, the former chancellor keeps the flat for visiting family members to stay in.

The couple bought their primary London residence in 2010, a year after they married. They paid a reported £4.5 million for the five-bedroom mews house, which is now understood to be worth £7 million.

The mews house is where the family stayed after the controversy over Ms Murthy’s tax affairs hit the headlines in April. It boasts four bathrooms and two reception rooms spread across four storeys, as well as a private garden.

Near Mr Sunak’s Yorkshire constituency is the couple’s country pile. They bought the 12 acre £2m Grade II-listed Georgian Manor house for £1.5 million in 2010 before Mr Sunak became MP for Richmond (Yorks) in 2015.

The sprawling home, which dates back to the 19th century and was once a vicarage, is nestled near North Yorkshire’s picturesque village Kirby Sigston and is currently undergoing a £400,000 makeover, which includes adding a leisure centre with a 40ft by 16ft swimming pool and a gym with a mirrored wall and ballet barre, plus an outdoor tennis court.

The Sunaks also have the option of travelling to their Santa Monica bolthole, a £5.5million penthouse apartment on Ocean Avenue.

It was snapped up by Ms Murty in 2014 directly from the developer. The penthouse has panoramic views of Santa Monica’s double jointed pier and the Pacific Ocean and has a reputation as being the best fishing spot in Santa Monica.