Prince Charles has enhanced his status as a rural property magnate by purchasing two farmhouses adjoining his Highgrove country estate in Tetbury.
LONDON: Prince Charles has enhanced his status as a rural property magnate by purchasing two farmhouses adjoining his Highgrove country estate in Tetbury, 150 kms from here, for over two million pounds.
The purchases of the two farmhouses — Close Farm for £1.4 million and Barley Court for £825,000 — east of his classical Georgian home in Tetbury have been disclosed on land registry documents, the Daily Mail reported on Sunday.
While Close Farm consists of a 70-year-old three bedroom detached house and 42 acres, Barley Court has three reception rooms, outbuildings and a walled garden.
“Land from Close Farm has previously been purchased and incorporated into Home Farm, so when the chance arose to buy the remainder it was logical to do so,” the daily quoted a spokesperson for Prince Charles as saying.
Home Farm is the 900-acre organic enterprise Prince Charles runs as part of the Highgrove House which has been his private residence since 1980.
According to the unnamed spokesperson, Barley Court adjoins the Highgrove estate and so it was “a natural addition to the property portfolio”. “There are development plans, but they have not been finalised.”
However, the Treasury has to approve both the purchases under a ruling made in 1938.
Prince Charles already owns a total of 126,000 acres of land in 22 counties across the United Kingdom, including roughly half of the land on Dartmoor in Devon. It makes an annual profit of 1.3 million pounds.
A spokeswoman for Prince Charles said: “Land from Close Farm has previously been purchased and incorporated into Home Farm, so when the chance arose to buy the remainder it was logical to do so.”
She added: “There are development plans, but they have not been finalised yet. “Barley Court adjoins the Highgrove estate, so it was a natural addition to the property portfolio.”
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