Ed Sheeran’s impressive £57million property portfolio was paid for in cash, leaving the singer completely mortgage-free, according to new reports.
The chart-topping pop superstar has splashed £10million on the London property market over the years, growing his empire to 27 flats, houses, and mansions.
And the 29-year-old star, who is worth an estimated £200million, is said to have used his financial standing to his advantage as he snapped up the properties, by building his empire without relying on any bank loans
Shrewd investor: Ed Sheeran’s impressive £57million property portfolio was paid for in cash, leaving the singer completely mortgage-free, according to new reports
A source told The Sun: ‘He has a great portfolio of properties and he owns the lot free and clear. There was no need to borrow the cash from a lender because he already had it.
‘Some people have the cash tied up so need to raise a mortgage but Ed has piles of the cash in the bank so there was no point in letting a bank earn money by lending him the money. He just bought them outright.’
He’s also said to be making himself self-sufficient on his sprawling 16-acre Suffolk pile, by setting up a beehive on the edge of his estate, where he can make his own honey – in addition to growing vegetables, owning an orchard and raising livestock.
Suffolk pile: He’s also said to be making himself self-sufficient on his sprawling 16-acre Suffolk pile, by setting up a beehive on the edge of his estate
Big purchases: MailOnline previously reported that Sheeran bought several Notting Hill properties to prevent complaints about ‘loud music and parties’ (stock image)
Lap of luxury: The star lives in the lap of luxury with his wife Cherry Seaborn. Pictured in 2018
‘Ed’s placed a wooden beehive at the edge of his estate,’ another source close to the singer told The Sun. ‘He’s already got other produce growing and some animals so he’s clearly enjoying the idea of that lifestyle.’
MailOnline has contacted a representative for Ed Sheeran for comment.
Earlier this month the singer-songwriter was officially named as the UK’s richest musician under the age of 30.
The songwriter saw his wealth soar by another £40million, meaning his total wealth is £200million, according to the Sunday Times Rich List.
And the global pop star, who is married to his childhood sweetheart Cherry Seaborn, now boasts enough properties to fill a Monopoly board.
Flats: Sheeran has bought a pair of flats by the Battersea Dogs and Cats Home (stock image)
Streets: Properties on Reckitt Road form part of his £57million property empire (stock image)
Fortune: The pop star has also recently acquired two expensive flats down Floral Street in Covent Garden (stock image of Floral Street pictured above)
Five assets in the capital have been incorporated into Sheeran’s vast ‘Edopoly’ property empire, taking the number he owns in London up to 22.
His latest additions include two properties on Floral Street in Covent Garden, and a pair of flats by the Battersea Dogs and Cats Home down Palmer Road.
These four homes alone are thought to be among his most expensive, with conservative estimates putting them at a total value of £9million.
Sheeran also owns five apartments in Wiverton Tower in Whitechapel worth £3.9million and a mansion in Holland Park valued at nearly £20million.
Upscale: Queensdale Place in Holland Park is another brick in Sheeran’s empire (stock image)
Chiswick: The multi-millionaire 28-year-old has a property worth £2.4million in Chiswick (stock image of Queen Anne’s Gardens in Chiswick pictured above)
Impressive: Sheeran’s impressive ‘Edopoly’ property empire also includes three down Findon Road in Hammersmith (stock image of Findon Road pictured)
The Shape of You singer has another four properties in Holland Park worth £11million, and a trendy Portobello Road restaurant called Bertie Blossoms which will soon be converted into a pub.
MailOnline previously reported that Sheeran bought several Notting Hill properties to prevent complaints about ‘loud music and parties’.
Outside of London, the musician owns a vast £3.7million Suffolk country estate dubbed ‘Sheeranville’ by local villagers.
‘Edopoly’: The singer’s incredible £57million property empire
Ed Sheeran has accumulated an unbelievable 27 properties since 2012, both within and outside of London:. To date, his portfolio includes:
- ‘Sheeranville’ country estate (£3.7m)
- A Holland Park mansion (£19.8m)
- Two Covent Garden flats (£7.36m)
- Three in Battersea (£1.72m)
- Five apartments in Wiverton Tower in Whitechapel (£3.9m)
- Three properties down Findon Road in Hammersmith (£1.76m)
- Four other assets in Holland Park, Kensington (£11.25m)
- Three on Portobello Road (£2.64m)
- Two in Chiswick (£3.68m)
After moving into a Grade II-listed farmhouse in his hometown of Framlington in 2012, Sheeran bought another four homes.
He has had a pub, a swimming pool, and a treehouse built, and last November submitted proposals to have a ‘place of worship’ constructed.
The multimillionaire chart-topper is in lockdown with wife Cherry Seaborn, 27, at the mansion where he also grows fruit and vegetables.
It comes after Ed refused to furlough any of his ten staff at his Notting Hill pub – in sharp contrast to other celebrities who have been blasted for demanding state cash.
The star will be using his personal fortune to prop up his bar Bertie Blossoms in west London, said to be named after his wife Cherry.
The bar was forced to close in March because of the coronavirus shutdown, but it appears workers in its bar and kitchen are being paid by the singer to be at home.
A spokesman for Sheeran has confirmed that he will not ask the Treasury to pay up to 80 per cent of their salaries, up to a threshold of £2,500 per month.
The A Team hitmaker opened the doors to Bertie Blossoms in September 2019 with a snazzy launch which saw the likes of Peter Crouch and Abbey Clancy in attendance.
Co-owned with his manager Stuart Camp, the pub has been billed as a ‘bright green, low-lit bar set over two floors with extensive drinks list including house cocktails’.
Wow: The singer, 28, also acquired properties on Portland Road in Holland Park (stock image)
Trendy: Sheeran has another four properties in Holland Park worth £11million, and a trendy Portobello Road restaurant (pictured) called Bertie Blossoms, to be turned into a pub
Tower: The Suffolk-born singer-songwriter also has five apartments in Wiverton Tower in Whitechapel (stock image pictured), estimated to be worth around £3.9million
Sheeranville: Outside of London, the Shape of You singer owns a vast £3.7million Suffolk country estate dubbed ‘Sheeranville’ by local villagers, to which he moved in 2012