Would you take on these famous properties and tenants?
We wanted to find out what it might be like to be a landlord for some of the most famous properties from across the world of TV, film and fiction. So would you rent-out the Red Keep, let Castle Dracula, or take on Tellytubby tenants?
In fact, we didn’t stop there. We decided to take an insurance-look at several famous properties, complete with their very famous tenants!
Our underwriters considered all the risks to come up with the quotes for properties including The Red Keep, Home Dome in Teletubbie-land, and Castle Dracula itself. So would you take on one of these buy-to-let investments from TV land?
The Red Keep
This vast, 247 bedroomed castle is situated in Kings Landing, an up-and-coming city teeming with life. Potential landlords might do well to invest in a survey to check for erosion – make sure you measure the distance to the cliffs carefully to ensure your insurance company can actually cover you.
Key exclusions include Malicious damage by Wildfire, and any direct or indirect liability arising from Walks of Shame. Optional add-ons include a Frost excess waiver.
Rent: £12m pa (£1m pcm)
Yield: Estimated 2.4%
It’s hard to keep track of exactly who the current tenants are, as there appears to be a rather high turn-over. (You may wish to research Key protection cover, as these change hands so often).
Local law-enforcement (also a high turn-over) have been called on several occasions, in an attempt to deter torture, murder, regicide and parricide. The property is regularly under attack or under seige, and it is strongly strongly recommended you read your insurance policy carefully to see if you’re covered for explosions, poisonings, dragon-fire, and sword damage. (Explore Excess protection, too).
On the other hand, if you can get the right tenants in and run The Red Keep as an HMO (House in Multiple Occupation), the profit is likely to be fantastic! And you could even bring peace to Westeros.
Postman Pat’s house
This delightful cottage is located on the edge of Greendale, just outside Pencaster, in the heart of the Yorkshire Moors.
Damage by pet is an optional add-on.
Rent: £6,000 pa (£500 pcm)
There are two bedrooms, a kitchen/dining room and a cosy living room with a gas fire, which has recently been serviced. Recent repairs have also been undertaken on the slate tile roof, which had suffered helicopter damage.
The tenants in residence are a professional working family, but it is suggested careful references are run as a matter of course. Local rumours indicate there have been some workplace problems and the main bread-winner is now on a performance improvement plan after a series of failings and mishaps at work. (You may wish to look into Rent guarantee insurance in case the family lose their income and fall in to rent arrears).
Please note the family own a cat, and there is some minor, pet-related damage to the carpets and curtains, which may need replacing.
Home Dome, Teletubbieland
This modern, underground property offers delightful views over a grassy golf course. Inside there is an open plan layout, cheerfully decorated in yellow, red, green and purple.
With increased excess for accidental and malicious damage by custard.
Rent: £18,000 pa (£1,500 pcm)
Yield: Estimated 3.7%
Currently an HMO (House in Multiple Occupation), the existing tenants are almost certainly students. They favour flamboyant accessories, live off toast, have a state-of-the-art entertainment system, and throw wild parties where everyone ends up covered in pink custard. (Why not look into Accidental and Malicious damage insurance?).
As with any underground house, there is an increased risk from damp, and your insurance company is going to want to see a structural engineer’s report to check the quality of the build. Repair work may require specialist contractors, and this might put up the price of your premium.
One careful and meticulous tenant who appears to have been in residence for a very, very long time. He tends to keep himself to himself, but always pays his rent on time, and in gold.
Cover Declined based on occupation of tenant and previous claims experience - those ‘red wine’ stains.
Rent: 30 Gold coins pcm
The curtains are nearly always drawn, which is usually a red flag for any landlord – because anything could be going on inside the property. However, on inspection, everything seems to be in order, apart from some minor stains on the carpets – possibly red wine? – but nothing that can’t be covered by Accidental damage insurance.
There are some minor issues with the immediate neighbours, who occasionally march on the property with pitch forks. On the advice of police, a CCTV surveillance system has been installed, and this seems to have deterred angry mobs.
The tenant informs us that there may be bats in the loft, but they don’t appear to be causing any damage, and are a protected species.
This mixed-use property in the sought after North Pole is both a business and home for at least part of the year to a number of professional working tenants - who all seem to favour red and green attire.
Annual Insurance: £2,500*
Excludes damage caused by Freezing of Pipes as well as Impact by Animals. Optional extras include Goods In Transit cover.
Rent: £21,000pa (£1,750pcm)
The business itself - a toy factory - is owned by Mr S. Claus and has its own insurance - but you will need extra insurance to cover the residential areas, which are currently run as lucrative Serviced Accommodation apartments.
At this time of year there is often heavy snowfall (and heavy reindeer) - and it is therefore recommended the roof is inspected carefully by an expert as part of your initial survey.
The property has several open fires, and these chimneys will need checking, and fire safety equipment and procedures will need updating in line with the latest legislation.
Please note: some of the external walls appear to be constructed from gingerbread, which might not meet local building regulations, and may need to be replaced.
Full address details are available on request.
Queen Elsa’s Castle
A beautifully constructed, spacious, 28-bedroomed castle across multiple levels, overlooking the bustling kingdom of Arendelle. Viewing is essential.
Annual Insurance: Price...*
*Same as last year - premiums have been Frozen.
Price: £1.2m (recommend winter sale only)
Rent: £30,000pa (£2,500pcm)
The tenants are an enormous snow monster prone to fits of rage and throwing people off mountains, and a local VIP with erratic ice-powers who uses the property as an occasional retreat. (Accidental and Malicious Damage cover are highly recommended).
There are some unusual construction materials which will need to be disclosed to your insurance company. The highly polished floors can also be slippery, and public liability insurance is a must.
There is no central heating, but the cold never bothered the current tenants anyway. (We suggest any incoming landlord let it go).
Please note that access is limited, via a narrow ice staircase.
A surprisingly beautiful, if bleak, 8,000 year-old property with marvellous views over the Wall, situated at the northern end of the Kingsroad in Westeros.
Annual Insurance: £20,000*
Excluding Malicious Damage and Riot cover. Increased excess for Frost damage.
Rent: £5,000,000pa (£416,667pcm)
Currently run as a House of Multiple Occupation (HMO), there has been some conflict (and the occasional sword injury) amongst the current residents. However, they have now had to unite against a greater enemy (though you may wish to install extra PAT-tested equipment in each room to reduce the time tenants have to spend in communal areas).
The tenants sometimes go over the Wall and don’t come back, so it might be worth looking into Rent Guarantee cover.
The property is also in some danger of attack from both Wildlings and White Walkers, but has state of the art security systems - including the aforementioned 700 foot wall, lots of gates and chains. Landlords may wish to consider a burglar alarm, and maybe some extra lighting - so tenants can actually see what they’re doing.
This compact, classically built little property is curiously spacious inside, and situated in the middle of the beautiful Antarctic wilderness.
Annual Insurance: £250*
Cover excludes Accidental Damage caused by Irons.
Rent: £9,500pa (£790pcm)
It is the long-term home to a lovely professional working family, who don’t say very much, but always pay the rent on time. (Occasionally in fish).
The younger members of the family are prone to innocent mishaps and shenanigans, and Accidental Damage cover is highly recommended.
Check your insurance policy allows this type of construction – and this is one of the few times your insurer would recommend the heating is NOT kept on during the winter months!
At Simple Landlords Insurance we specialise in non-fictional property, mostly because we like to keep things simple. Even if you don’t have to worry about dragons, helicopters or custard fights, getting the right insurance is key to protecting your property and your investment. Get the right cover for your properties - at the right price for you.
*Please note - these are fictional premiums for fictional properties!