What can you get for £1 million these days? We’ve scoured the Internet, checked out property prices, and blown the cobwebs off the calculator, to conjure up a top ten of possible purchases for the millionaire with money to burn.
1. Property (Expensive)
Location, location, location… It’s no surprise that London tops the list as the most expensive place to buy property in the UK. According to city estate agents Foxtons, more than 5,329 streets in the capital now have an average house price of £1 million.
So, what can you get in the big city for £1 million? Here are a few options: a 2 bedroom house in Kensington, one bedroom apartments in both South Kensington and Westminster, or a 4 bedroom house in Peckham (up and coming, according to the estate agents).
2. Property (Cheap)
Heading into the provinces that jackpot win is going to buy you a lot more bricks. Move to Durham, Burnley, or Sunderland and your £1 million could buy you up to 50 homes at £20,000 a pop. According to the Land Registry, houses are still changing hands at a reasonable price. Be warned: may be in need of renovation.
If you just want one house, you can be the lord of the manor, if you forsake London. In Cornwall, a 14-bedroom Georgian house is yours for one million. In Yorkshire, it’s a seven bedroom mansion with five reception rooms, a crunchy gravel drive, and your own fishing lake.
3. The Motoring Million
Unfortunately, £1 million doesn’t even get you close to the world’s most expensive new car: the Bugatti La Voiture Noire at $12.5 million.
The good news is: there are some very tasty second-hand motors available, including a 1955 Mercedes Benz 300SL Gullwing, a 1960 Ferrari 250 GT Series II, a 2015 Porsche 918 Spyder, and a hefty 1929 Bentley 4.5 litre. If you want a new car, $965,000 gets you a McLaren Senna. You can use the leftover cash to add the optional cup holder.
Speculate and (possibly) accumulate by investing your £1 million into Bitcoin. At the time of writing, 156.7 coins could be yours for a million pounds. Cryptocurrency is a digital currency that turns your cash into code. It fluctuates wildly and you could double/halve your money overnight. It’s a gamble. Be warned: lose your key and your money is gone. There is no comeback.
5. Taylor Swift
Why not give your pre-teen daughter a birthday party she won’t forget and book saccharine-sweet Shake It Off Star Taylor Swift. The former country and western star is a pop icon and costs less than Madonna ($5 million), Elton John ($3.4 million), Rihanna ($8 million), and the Rolling Stones ($8.1 million). She’s a bargain!
6. A Room with a View
Well, you worked hard to win that jackpot. It’s time to kick back and relax. Your £1 million will get you nearly two weeks at the Palms Casino resort in Las Vegas at a mere $100,000 a night. For that, you get the Empathy Suite. Designed by Damian Hirst, the room includes a cantilevered pool suspended in the air, two sharks suspended in formaldehyde, a 13-seat bar, a chauffeur, and credit worth $10K to enjoy in the casino. Alternatively, check into the same hotel for 21,666 days in one of the regular $60 rooms.
7. Food, Glorious Food
You might want to order room service from your suite. Why not send down for some Almas Caviar, taken from the albino beluga sturgeon and costing £25,000 a kilo. Grab some blinis. You can afford 40 kilos. Alternatively, binge on burgers. One million pounds gets you 371,747 Big Macs. That’s 188,847,583 worth of calories and 79,925 kilos of meat, bun, and special sauce. Enjoy.
8. A Drink?
You got the suite. You got the food. Now, all you need is something to wash it all down with. At a mere $310,700 a bottle is the 1945 Chateau Mouton-Rothschild. You can enjoy four bottles of what is considered to be the best vintage of the last century. Expect mint, dry green moss, vanilla and pine needles on the nose, as well as raspberries, dried sweet cherries and raspberry on the palate. All for just $8,631 a glass.
9. Get Some Staff
If you fancy having your very own Jeeves, a butler will cost you £57,500 a year. Add a housekeeper (£30,000) and a driver (£35,000) and you have a total annual wage bill of £122,500. You can be the lord of the manor just over eight years – with no pay rises.
10. Have a Holiday
For £1 million, why not hit the high seas on board the Seven Seas Explorer. The itinerary includes three cruises, first class flights, helicopter transfers, 41 ports, 11 countries, and lasts for 123 days; that’s £8,130 per day. There’s plenty more to this wallet-busting, mind-blowing, once-in-a-lifetime tour. Full details here.