Ed Sheeran bought his entire £60 million property empire with cash – and has never had a mortgage – The Sun

SINGING sensation Ed Sheeran was once homeless but now he owns the keys to a £57million property empire – and doesn’t owe a penny to the banks.

He slept rough in front of Buckingham Palace and rode the tube to catch some shut-eye when he had nowhere else to go.

Now he’s got his own London mansion and a country estate to boot.

And Ed – worth an estimated £200 million – has paid cash for the lot because he didn’t want to take out a string of mortgages.

That includes the £20 million he paid for his house in London’s trendy Notting Hill, plus the two neighbouring properties for £4 million and £1.5 million for his restaurant Bertie Blossoms on Portobello Road.

Ed also splashed out £4 million for five houses to create his Sheeranville estate in his home town in rural Suffolk – slapping down £895,000 for the first in 2012.

In total, he owns 22 properties in London, plus his Suffolk pads.

An insider said: “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.”

Some of the homes were purchased through Maverick Properties, the company Ed set up in 2015 with manager Stuart Camp, and others the star bought in his own name.

Other places include properties at Covent Garden in central London and a pair of flats next to Battersea Dogs and Cats Home in south London.

Ed’s recent Divide tour turned over £600 million – not bad for a busker from Suffolk who was often homeless as he tried to make it big in London.

In his book A Visual Journey, Ed described how he bedded down close to Buckingham Palace and slept on the London Underground.

He wrote: “I didn’t have anywhere to live for much of 2008 and the whole of 2009 and 2010, but somehow I made it work. I knew where I could get a bed at a certain time of night and I knew who I could call at any time to get a floor to sleep on. Being sociable helped. Drinking helped.

“I spent a week catching up on sleep on Circle Line trains. I’d go out and play a gig, wait until 5am when the Underground opened, sleep on the Circle Line until 12, go to a session – and then repeat.

"It wasn’t that bad.

"It’s not like I was sleeping rough on the cold streets.”

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