Andrew loses everything but Beatrice and Eugenie quietly hold on | Royal | News
While Andrew loses property after property, his daughters quietly hold some of London’s most coveted addresses; This is thanks to a deal their father reportedly made on their behalf before his world came crashing down around him.
Beatrice has an apartment in St James’s Palace. Eugenie owns three-bedroom Ivy Cottage, located in the grounds of Kensington Palace. Both serve as London bases for princesses who spend most of their time elsewhere.
The agreement is a private agreement between the York family and the King, with an undisclosed rent paid by the princesses reverting to the sovereign grant that funds the working royal family.
It appears that Andrew himself was the source of the deal. “The deal was made because their father wanted him to be involved in the royal palaces,” a source said.
What does the market say
Whatever the amount the princesses pay, it is certain to be well below what the open market would demand. While footing the bill, Andrew paid £1,600 a month for a four-bedroom flat in St James’s Palace, the Times reported; This was an amount that real estate professionals in the area viewed as a tiny fraction of its true value.
The numbers have increased since then. A two-bedroom flat near St James’s Palace was recently listed for £19,000 a month. Kensington houses of similar size range in value from £4,000 to £15,000 per month. It remains unclear whether Beatrice and Eugenie will now cover these expenses themselves or benefit from another arrangement.
The difference between his daughters’ situation and his own situation is now huge. The King’s attendance in 2022 cost Andrew his office at Buckingham Palace. The deepening scandal around her ties to Jeffrey Epstein cost Epxress her lease on the Royal Lodge, the massive Crown Estate property she called home for two decades at a peppercorn rent, until she finally reported her forced dismissal in October.
The Crown Estate confirmed earlier this month that it had also given up the lease on East Lodge, a property near the former Sunninghill Park property that housed its employees.
He is currently holed up at Wood Farm on the Sandringham estate, waiting for work to be finished on his next home, Marsh Farm, a much more modest property in the floodplain.
lives of princesses
Beatrice, 37, spends most of her time at the £3 million Oxfordshire home she shares with husband Edoardo Mapelli Mozzi, their four-year-old daughter Sienna, one-year-old Athena and Edoardo’s nine-year-old son Wolfie from a previous relationship.
Eugenie, 35, lives in Portugal with her husband Jack Brooksbank and their sons August, 5, and Ernest, 2.
Regardless, Andrew remains eighth in line to the throne; This issue of succession results in all four of her grandchildren succeeding both the Duke of Edinburgh and the Princess Crown, although none of them hold titles or hold any royal duties.
