"Sarah Ferguson lost 400,000 on the sale of her Belgravia townhouse despite claiming it was a good time to do so. The Duchess of York, 65, sold the property in August for 3.85 million, Land Registry paperwork reveals. That is around 10 per cent less than what she paid for it three years ago, according to The Times newspaper. Camilla Dell, founder of boutique agency Black Brick, said the duchess was lucky that she's sold it for as much as she did."
"The market is not good, Ms Dell said. The market in prime central London is down 4.7 per cent this year and 24 per cent since the peak of the market in 2014. A spokesman for the duchess said: She was asked by the tenant to buy it and it seemed like a good time to sell. It's an investment property for her girls, and so the monies will be reinvested accordingly."
"Sarah purchased the house for 4.25 million in 2022 from Sebastian Macdonald-Hall, the son of property magnate Caspar MacDonald-Hall. Sources close to Buckingham Palace had speculated that funds from the dwelling could be used to help the duchess and her ex-husband Prince Andrew from staying at Royal Lodge in Windsor. The King has suggested that Sarah and Andrew might downsize to Frogmore Cottage, the former home of Harry and Meghan"
Sarah Ferguson sold a Belgravia townhouse in August for 3.85 million, about 10% below the 4.25 million purchase price in 2022, resulting in a roughly 400,000 loss. Commentary noted prime central London values are down 4.7% this year and 24% since 2014, and an agent said the duchess was lucky to achieve that price. A spokesman said a tenant asked to buy, it seemed a good time to sell, and proceeds will be reinvested as the property was an investment for her daughters. Sources speculated funds could aid housing at Royal Lodge, with the King suggesting downsizing to Frogmore Cottage. The duchess was stripped of several patronages after controversies surrounding her association with Jeffrey Epstein.
Read at www.standard.co.uk
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