King Charles' made a smart investment in 2007, but since becoming a monarch, Prince William inherited the estate and is now charging his father for the home. Charles purchased the Welsh holiday quarters when he was the Prince of Wales, but once William transitioned into the role, he has now taken control of the Llwynywermod property.
Since buying the cottage, Charles spent a few weeks at the three-bedroom residence, but William is committed to charging him a fee. "The King was quite miffed but that was the deal," an anonymous source told an outlet. "It means he can continue to stay there but he will pay rent to the Duchy and the rest of the time it will be rented out."
In Charles' time as the Prince of Wales, he became an integral part of defining the position and expanding its value. During the time he was managing the duchies, Charles expanded the financial portfolio, launched the successful organic food brand Duchy Originals and developed a strong relationship with the Wales region.
"This period where he is Prince of Wales will teach him a lot in this respect about what he can do for positive change without ruining the intrinsic mystique of the monarchy that is a core reason why people are drawn to them," Maclaran added.
Sources spoke to The Mail on Sunday.