Prince Andrew may soon move to Frogmore Cottage or elsewhere. But for now, despite the pressure on him to leave the Royal Lodge, where he lives with his ex-wife, Sarah Ferguson, he seems to be clinging to this abode. As indicated Hello ! Magazine this Tuesday, November 12, he was chased out of the thirty-room property estimated at 30 million pounds sterling (or 36 million euros), because he is accused of not having paid the 500,000 pounds (or 601,000 euros) maintenance costs. “Constant maintenance is essential to preserve the value of the property, particularly in a historic property where delayed repairs can escalate into more expensive restoration projects”explained real estate expert Terry Fisher to the American media.
From now on, this property of King Charles III would be “in ruins”. Of the “urgent repairs” estimated at 250,000 pounds (or 300,000 euros) are necessary. The list compiled by the magazine's lifestyle specialist Georgia Brown includes: “brick repointing, waterproofing treatments, painting and even structural reinforcement in case of widespread water damage…” “The Royal Lodge appears to be showing visible signs of aging including peeling paint, mold on the bricks exterior and probably underlying humidity or poor insulation”detailed Terry Fisher in the columns of the magazine Hello !. “These issues indicate that maintenance has been deferred and could lead to more serious structural damage if not addressed quickly”added the real estate specialist.
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Charles III's brother Prince Andrew allegedly breached Royal Lodge lease
Prince Andrew has lived at the Royal Lodge for more than twenty years, but he did not respect the lease he signed in 2003 according to the Times. According to the document that the former friend of the very controversial Jeffrey Epstein signed, he had to “repair, renew, maintain, clean and, if necessary, rebuild” the house. “The impact on value would not only come from the immediate appearance, but also from any repairs needed to bring the property up to standard – issues such as damp, mold and cracks are more than cosmetic and can indicate more extensive and potentially costly repairs”explained real estate expert Terry Fisher. Sooner or later, Prince Andrew will pay his way.
Article written in collaboration with 6Medias
Photo credits: Dana Press / Bestimage
