The Queen may need to relocate from Buckingham Palace while refurbishment work carried out, according to royal sources.

The historic building is in need of an estimated £150m overhaul and palace officials are considering moving the monarch out while the work is done.

The Queen spends around a third of the year at her official residence, which has not been redecorated since 1952.

The building has old plumbing, ageing wiring and significant amounts of asbestos which need to be removed.

“One option is for the palace to be vacated. We’re getting experts to look at these scenarios and cost them for us,” the royal source told Sky News.

“The initial estimate for the refurbishment of Buckingham Palace looks like £150m. That depends on how you go about refurbishment, whether you do it in parts or the whole thing (at once).”