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Edward and Sophie ‘raked in £130,000 sub-letting stables on £30,000,000 estate’
The Duke and Duchess of Edinburgh earn £130,000 annually from renting out Bagshot Park stables despite paying only nominal estate rent, raising taxpayer benefit concerns.
- Prince Edward, Duke of Edinburgh, and Sophie, Duchess of Edinburgh, are subletting a converted stable on the Bagshot Park estate, reportedly earning £130,000 a year.
- The converted stables are being marketed as office space for £10,834 a month and sit 400 yards from the manor, taken off the market around December.
- A royal source told Metro that 'The property in question is not rented to any tenant and it is not on the market'; so-called peppercorn rents reflect standard practice for long-leasehold residential properties after investment.
- The PAC began questioning royal home financing in December, and Norman Baker called the arrangements 'outrageous', warning taxpayers are losing out as receipts should go to the Crown Estate and Treasury.
- Bagshot Park, a �30 million estate, sets a precedent as Prince Andrew paid nominal rent while living there, illustrating high-value Crown Estate grounds.
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In Surrey, the residence of Prince Edward and Duchess Sophie could generate substantial additional income. Between symbolic rents and potential sub-rents, their real estate assets revive the debate on the use of Crown property.
Edward and Sophie 'raking in up to £130k a year sub-letting part of £30m estate'
The Duke and Duchess of Edinburgh, Prince Edward and his wife Sophie, live at Bagshot Park in Surrey, a Crown Estate property, where the converted stables are said to have been sub-let
·London, United Kingdom
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Coverage Details
Total News Sources6
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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