King Charles gives up £1,200,000 Welsh home to ‘downsize’
The King will give up his £1.2 million Welsh country home this summer in a bid to downsize.
Llwynywermod is located on the edge of the Brecon Beacons near Llandovery in Camarthenshire.
The house was bought by the Duchy of Cornwall estate on Charles’s behalf in 2007, after he reportedly spend 40 years searching for the right Welsh home.
The former coach house and farm buildings are set in 192 acres of rolling countryside.
The Duchy of Cornwall passed to Prince William when Charles ascended to the throne, and since then the king has been paying rent on Llwynywermod.
But Buckingham Palace has now confirmed that the king has given notice he will be giving up the lease – which is due to expire this summer.
Royal sources said the king remained ‘passionate’ about Wales, but decided to give up the property because it’s ‘unlikely’ he would be able to use it in the same way before.
The home now features royal history, as six of the English field maples which formed the avenue of trees at William and Kate’s wedding were planted at the front of the house.
Llwynywermod’s original owner, William Williams in the 13th or 14th century, was related to Anne Boleyn.
The old house and the disintegrating concrete and corrugated iron farm buildings, where there was also an abandoned slurry pit, were restored by Welsh craftsmen using traditional methods and local materials.
Charles also planted climbers including Albertine roses, jasmine and honeysuckle up the walls.
William has inherited a £23 million-a-year income from the Duchy of Cornwall.
As heir to the throne, he’s entitled to the annual surplus generated by its vast portfolio of land, buildings and financial investments.
He’s also taken charged of overseeing the estate’s management.
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