Former Prince Andrew made money subletting cottages on his rent-free estate, report shows

LONDON — The former Prince Andrew made money by subletting three cottages on the estate where he lived rent-free for two decades, according to a report on the royal family’s properties released Friday by the U.K. public spending watchdog

LONDON — The former Prince Andrew made money by subletting three cottages on the estate where he lived rent-free for two decades, according to a report on the royal family’s properties released Friday by the U.K. public spending watchdog.

Subscribe to read this story ad-free

Get unlimited access to ad-free articles and exclusive content.

It also disclosed that his daughters, Princess Beatrice and Princess Eugenie, live in rent-controlled palace properties paid for by their uncle, King Charles III.

The National Audit Office report said Andrew Mountbatten-Windsor received income from renting out the cottages on the Royal Lodge estate, his home near Windsor Castle for more than 20 years. A lease for Royal Lodge signed in 2003 shows he paid only a nominal fee known as a “peppercorn rent” for the property, which included a 30-room mansion and eight cottages, three of which he was allowed to sublet.