King Charles 'gives up his £1.2m Welsh bolthole': Monarch looks to downsize ... trends now
King Charles has given up his home in Wales as he begins to downsize his property portfolio.
His Majesty purchased Llwynywermod in 2007 by the Duchy of Cornwall, paying £1.2million for the luxury farmhouse near Llandovery in Carmarthenshire.
Sources claimed it is 'unlikely' the King will use the farmhouse as much as he did when he was the Prince of Wales.
He previously used it as his base during regular trips to the nation, but passed it onto his eldest son Prince William after acceding the throne.
Now the Coronation has passed the King and his aides are considering what to do with the many homes owned or used by Charles, which include Birkhall, Highgrove, Clarence House, Balmoral and Sandringham.
King Charles (pictured with Queen Camilla) purchased Llwynywermod in 2007 by the Duchy of Cornwall, paying £1.2million for the luxury farmhouse (pictured)
The secluded and fully sustainable three-bedroom property has been Charles and Camilla's country retreat for years
Charles has given up the home in Wales as he begins to downsize his property portfolio
According to The Telegraph, one royal source said it was 'an issue that needs to be addressed' - with discussions underway about increasing public access to some of Charles's properties to help with funding.
Since the Duchy of Cornwall was given to Prince William, the King has paid rent on Llwynywermod, which exists on a whopping 192-acre estate.
The lease is due to expire later in the summer, with Buckingham Palace confirming the King gave notice to the Duchy earlier this year.
Meanwhile, other properties on the estate are available as holiday rentals when the King is not in residence.
A spokesman for the Prince of Wales reportedly said the royal has no plans
