King Charles dumps £1.2million royal home as he continues scaling back monarchy
King Charles has given up his beloved £1.2million house in Wales in an effort to slash royal expenses
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King Charles has given up his beloved £1.2million house in Wales in an effort to slash royal expenses.
Llwynywermod was bought by the Duchy of Cornwall estate on behalf of the then Prince of Wales in 2007 after he spent 40 years searching for the right property.
The old farmhouse near Llandovery in Carmarthenshire was refurbished and used by the King as his base during his regular visits to Wales.
The luxurious home, which is surrounded by 192 acres of countryside, was passed to Prince William but Charles had been paying the rent on the home, according to The Telegraph.
Queen Camilla at the Llwynywermod farmhouse near Llandovery in Carmarthenshire
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Sources close to the Royal Family said the King remained "passionate" about Wales but it was “unlikely” he would be able to use it in the same way as before.
Buckingham Palace confirmed that the King gave notice to the Duchy earlier this year that he would be giving up the lease which is due to expire later in the summer.
A spokesperson for the Prince of Wales confirmed that he would not be inheriting the property and will instead stay in hotels whenever he visits Wales in order to help the local economy.
Other properties on the estate are available as holiday rentals when the King is not in residence.
It is now likely that Llwynywermod will be let out commercially, either for holidays or on a long-term lease.
The King and his aides will now shift their attention towards the management of the various residences owned or used by the King.
These estates include Highgrove, Birkhall, Clarence House, Sandringham and Balmoral, as well as official residences such as Buckingham Palace and Windsor Castle.
One insider claims there are already discussions underway about giving the paying public greater access to Balmoral and Buckingham Palace to help cover their costs.
Buckingham Palace confirmed that the King gave notice to the Duchy earlier this year that he would be giving up the lease
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In 2021 the King told BBC Radio 4 that he had bought Llwynywermod “rather 40 years too late, probably” because he had spent much of his life having to stay with friends or borrow other people’s homes when he was in Wales.
He said: “I come whenever I can…I’ve always felt that it’s an important part of holding this particular title.”
Finding the house, he said, was “a wonderful opportunity, at last, to have somewhere in Wales”.