HMY Osborne was a paddle steamer Royal Yacht of the Royal Navy of the United Kingdom. Designed by Edward James Reed, she was launched on 19 December 1870 at Pembroke Royal Dockyard and replaced the yacht of the same name formerly known as HMY Victoria and Albert. She measured 1,850 tons, and was used for cruises to foreign countries and later on the short run to Osborne House on the Isle of Wight.