King Charles has given up his farmhouse in Wales, which he purchased in 2007 for £1.2 million via the Duchy of Cornwall. The move is part of his efforts to downsize his property portfolio to cut costs. The monarch and his aides are now deciding what to do with the various homes owned or used by the King, including Clarence House, Sandringham, Highgrove, Buckingham Palace, and Windsor Castle. Discussions have begun about widening public access to the properties to make them financially viable. It is believed that Llwynywermod will be let out for holidays or on a long-term lease.
According to a report from WFMZ-TV News, King Charles has given up his home in Wales. The 74-year-old monarch has relinquished the Llwynywermod farmhouse in Carmarthenshire as he begins to downsize his property portfolio to cut costs.
Charles paid £1.2 million for the property via the Duchy of Cornwall in 2007 and used it as his base when he visited the nation as Prince of Wales. However, he will no longer be spending as much time in the country following his accession to the throne.
According to a report from the Daily Telegraph, royal s say that the King remains “passionate” about Wales but has given up the property because it is “unlikely” that he would be able to use it in the same manner as before.
The monarch and his aides are deciding what to do with the various homes owned or used by the King, including Clarence House, Sandringham, and Highgrove, as well as official residencies like Buckingham Palace and Windsor Castle.
A royal insider said it was “an issue that needs to be addressed” and that discussions have begun about widening public access to the properties to make them financially viable.
Buckingham Palace has confirmed that the King notified the Duchy of Cornwall – which has now been passed on to Prince William – that he would be giving up the lease that is due to expire later this summer. It is believed that Llwynywermod will be let out for holidays or on a long-term lease.
Charles had previously described the property as a “godsend” but felt he had bought it “40 years too late”. He told BBC Radio 4 in 2021: “I come whenever I can… I’ve always felt that it’s an important part of holding this particular title. (It) was a wonderful opportunity, at last, to have somewhere in Wales.”
Downsizing the property portfolio is a move that many people make as they get older, and it seems that even Kings are not immune to this trend. While it may be sad for Charles to give up his Welsh farmhouse, it is a practical decision that will help him to cut costs and streamline his life as he takes on more responsibilities as King. It will be interesting to see what happens to the other properties owned or used by the monarch, and whether they will also be subject to downsizing or made more financially viable through public access.