Prince Edward could make around £10,000 per month in profit from a sublet at his Surrey home, according to a new report.
According to The Sun, which was also reported in The Telegraph, King Charles‘ brother, 62, has been subletting the use of a stable block on the Bagshot Park estate where he lives with his wife, Sophie, The Duchess of Edinburgh, and their two children, Lady Louise Windsor, 22, and James, Earl of Wessex, 18.
According to the report, the stables have been rented out as office space. The converted stable block sits 400 metres from the main house where the royals reside and was recently advertised as office space for £10,834 a month (£130,008 a year).
The workspace on offer forms part of a Grade II listed office building that boasts “modern finishes, fibre connectivity [and is] set within the landscaped grounds of Bagshot Park”, as per the rental brochure. It also reportedly features meeting rooms, a kitchen, tea points, toilets and showers, plus a garden and 30 parking spaces.
A royal source has confirmed to HELLO!: “The property in question is not rented to any tenant and it is not on the market.”
© Getty ImagesThough it is unclear when the renovation of the stable block took place, it is known that the couple’s daughter, Lady Louise, is a keen equestrian. However, she moved to Scotland in 2022 when she enrolled at the University of St Andrews to study English Literature.
It is assumed that the renovations took place in the late 1990s alongside the main house renovations, as it was previously rented out to a Canadian pharmaceutical company, as per The Guardian.
Edward and Sophie pay peppercorn rent on their Bagshot Park home, meaning they do not own it and simply pay The Crown Estate (overseen by King Charles) a token payment, which is less than market rate.
Inside Bagshot Park
The renovated office block isn’t the only impressive feature at the Edinburghs’ Surrey home. The property, which is set over 51 acres of land, features an airy conservatory and a private lake.
© Getty ImagesIn terms of its Tudor design, it has long divided royal fans. Nicholas Pevsner, an architectural historian, called the property “bad, purposeless, ugly” in 1962, but it has since undergone a glow-up.
© GettyThe most recent one was masterminded by Prince Edward in 1998, ahead of moving in with his wife. The renovations cost £2.98 million, and £1.38 million of the total was covered by Prince Edward.
Edward is not the only royal with converted stables at his home as renovations have begun at Marsh Farm, where Andrew Mountbatten-Windsor is set to move, to bring the stables back to life.
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