Sarah Ferguson has parted with her Belgravia townhouse for £3.85million, around £400,000 less than she originally paid.
The Duchess of York, who lives at the £30million Royal Lodge in Windsor with her former husband Prince Andrew, originally bought the property in June 2022.
At the time, she paid £4.25million in cash, describing the purchase as an investment for her daughters, Princess Beatrice and Princess Eugenie.
Although she initially let the house to a tenant, Land Registry documents show that the same tenant has since bought the residence. The deal was finalised last August.
Sarah Ferguson takes £400,000 hit on London house she bought for Beatrice and Eugenie
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Her spokesman, James Henderson, explained: “[She] wasn’t looking to sell it.
“She was asked by the tenant to buy it, and it seemed like a good time to sell. It’s an investment property for her girls, and so the monies will be reinvested accordingly.”
The price represents a fall of about 10 per cent, in line with trends in London’s luxury property market.
Research from Coutts earlier this year highlighted that values in Knightsbridge and Belgravia are still “over 20 per cent below the height of the market in nominal terms”.
Belgravia is famous for its beautiful architecture and historic gardens | GETTYFergie had acquired the mews house from the Duke of Westminster’s Grosvenor Estate, one of the wealthiest landowners in Britain.
The sale comes as both the Duke and Duchess of York face renewed scrutiny over their links to Jeffrey Epstein.
In recent weeks, several charities — including the British Heart Foundation and Teenage Cancer Trust — have announced they will no longer work with the Duchess, 65, following reports that she had once called Epstein a “supreme friend” in a 2011 email.
Mr Henderson later explained that she had written the message because Epstein threatened to “destroy her” in what she described as a “Hannibal Lecter-style” phone call.
Princess Beatrice and Princess Eugenie are known to be very close
|INSTAGRAM / PRINCESS EUGENIE
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Sarah Ferguson has been dropped by several charities where she served as patron | GETTYMeanwhile, pressure has continued over the couple’s future at Royal Lodge.
The King has been reported to want them to move into Frogmore Cottage, previously the home of the Duke and Duchess of Sussex.
Last year, however, it emerged that they had secured the funds to remain at the Windsor estate.
Under the terms of Prince Andrew’s lease with the Crown Estate, he can stay in the 30-room, Grade II-listed property until 2078, provided it is properly maintained.