New Delhi: King Charles has left his residence in Wales. The 74-year-old king gave up the Llwynywermod farmhouse in Carmarthenshire as part of a cost-cutting effort to reduce his property portfolio. King Charles bought £1.2 million for the house through the Duchy of Cornwall in 2007 and used it as his headquarters when he visited the country as Prince of Wales, but he will no longer be spending as much time there now that he has ascended to the throne.
King Charles gives up his Wales home
As per Daily Telegraph newspaper, royal sources said, King Charles is still “passionate” about Wales but has given up the property since it is “unlikely” that he will be able to use it in the same way as before.
Clarence House, Sandringham, Highgrove, as well as government residences like Buckingham Palace and Windsor Castle, are just a few of the homes the monarch and his advisors are contemplating what to do with.
A source with the royal family stated that it was “an issue that needs to be addressed” and that plans have been made to build public houses to the properties in order to make them more profitable.
The King informed the Duchy of Cornwall, which has since been transferred to Prince William, that he would be terminating the lease, which is set to expire later this summer, according to Buckingham Palace.
Llwynywermod is anticipated to be rented out for special occasions or on a protracted basis.
King Charles once referred to the property as a “godsend,” although he believed he had acquired it “40 years too late.”