Rishi Sunak says the British people have “delivered a sobering verdict” as he conceded the Labour Party has won the general election.

He said he took “responsibility” for his party’s loss and had called Labour leader Keir Starmer to congratulate him on his victory.

At a victory rally in central London, Sir Keir said the country could now “get its future back” and told jubilant activists “we did it”, adding: “Change begins now.”

Mr Sunak will vacate No 10 after the Conservatives suffered a crushing defeat.

Rishi and his wife Akshata Murthy own a sizable property portfolio of their own with homes across the UK – they even have one in California. But where will he live now?

Rishi Sunak’s London home

Rishi Sunak could now live in his £6.6million mews mansion in Kensington, west London, with his wife and two daughters.

The pair share enormous wealth, with Rishi’s wife known to be the daughter of one of India’s most successful entrepreneurs, making her one of the wealthiest women in Britain.

Rishi and Akshata’s five-bedroom city abode is estimated to be worth £6.6million alone, contributing to just a fragment of the pair’s extreme wealth.

The Kensington mews home provides the family with an excess of space, offering four bathrooms and two reception rooms spread across four storeys – it even has access to a private garden.

In addition to their spacious central London home, Rishi Sunak also owns a first-floor flat in Old Brompton Road, Kensington, which is said to act as a holiday home for visiting relatives.

Rishi Sunak’s Yorkshire home

The family also own a remote country abode in the Yorkshire village of Kirby Sigston.

Set on a 12-acre plot of land near Northallerton, the Georgian mansion is thought to cost around £1.5million, boasting an ornamental lake and a recently built pool on the property.

Renovations to add a pool to the Conservative MP’s huge home were revealed as well as a large private pond and an idyllic wildlife area on the grounds.

Rishi’s application to add a stone building to host a new home leisure facility including a gym, showers and a huge 12-metre pool were also unveiled a few years ago.

The ex-Chancellor’s family property falls within his constituency, Richmond (York).

Having been the MP for the area since May 2015, it seems that the family show no signs of selling up their northern home.

Rishi Sunak’s California home

As well as their English country retreat, Rishi and his wife own a fourth property in Santa Monica, California.

The pair’s US apartment is thought to be an ode to the time the former PM and ex-Chancellor and his wife spent in America while studying at Stanford University.

While working towards his MBA as a Fulbright Scholar, Rishi met his future wife and the pair married in 2009 in Bangalore.

Initially, the newlyweds based themselves in California though they have since set up base in the UK where they expanded their property portfolio.

The Yorkshire home and Californian abode are said to be under Akshata’s name while Rishi officially owns the London properties.