Princess Beatrice and Princess Eugenie are reportedly furious after King Charles stripped their father of his remaining titles and evicted him from Royal Lodge in October 2025, effectively eliminating a multimillion-dollar inheritance they expected from the property.
The sisters, aged 36 and 35, had long assumed the 30-room property would remain under their father’s 75-year lease agreement secured in 2003. That lease, long viewed as the foundation of the York family’s residential and financial security, is now being unwound as part of the King’s broader effort to streamline the monarchy.
Andrew secured a 75-year lease on Royal Lodge in 2003, a deal valued at about £30 million. The leasehold could only be assigned to his widow or his two daughters, Princess Beatrice and Princess Eugenie, or a trust established solely for their benefit.
King Charles initiated the formal process to remove Andrew’s titles on October 30, 2025, following renewed scrutiny over his past association with Jeffrey Epstein. The palace said formal notice has been served to surrender the lease and Andrew will move to alternative private accommodation.
Property expert Elliot Castle of We Buy Any Home stated that any possibility of inheriting Royal Lodge has now been ruled out “entirely.” “This would only have been possible while the lease remained in place. Once that lease is surrendered or terminated, there is nothing to pass on. From a property standpoint, that closes the door entirely. Royal Lodge would revert fully to the Crown Estate, with no residual claim for Andrew or his daughters.”
Royal Lodge is not merely a residence but a major long-term leasehold asset. Terminating the lease early strips away its remaining financial worth, which reports suggest could represent a loss of around £500,000 in sunk costs and lost investment.
Andrew paid a £1 million premium to the Crown Estate for the lease and undertook refurbishments at his own expense, estimated at £7.5 million at September 2002 prices. He reportedly invested millions more in refurbishments over the years, assuming these sunk costs would one day translate into a valuable bequest for his children.
Andrew’s ex-wife Sarah Ferguson, who has lived with him for the past 20 years at Royal Lodge, will also move out. They wed in 1986 and divorced a decade later. She reverted to her maiden name when Andrew relinquished his titles.
Andrew is expected to leave Royal Lodge within weeks, likely before his 66th birthday on February 19. He will move to a property on the Sandringham estate, about 100 miles north of London, which will be privately funded by King Charles.
Sources indicated the princesses feel they are paying the price for decisions they did not make, watching a valuable asset disappear due to a scandal they had no hand in creating. For decades, the princesses viewed Royal Lodge not just as a childhood home, but as a multi-generational asset that promised an easy retirement.
Both princesses will retain their royal titles despite their father’s disgrace. Princess Eugenie, her husband Jack Brooksbank, and their two children live at Ivy Cottage on the Kensington Palace grounds and own a home in Portugal. Princess Beatrice, her husband Edoardo Mapelli Mozzi, and their two children are settled in a home in the Cotswolds.
“Royal Lodge offered security, status, and a long lease that justified significant personal investment,” Castle said. “Losing that arrangement early inevitably results in sunk costs that can’t be recovered.”
The lease agreement provided that Andrew could not benefit financially from any increase in the property’s value, as the freehold belongs to the Crown Estate. If the lease was terminated, the property would revert to the Crown Estate.
Their daughters, Princess Beatrice and Princess Eugenie, attended Christmas celebrations at Sandringham without their parents, who were excluded from this year’s celebrations. The move signifies a broader demotion for the York branch of the family.
Andrew will relocate to a property on the private Sandringham estate in Norfolk, a move privately funded by the King. While he would be entitled to £488,000 for an early surrender of his 75-year lease, a Crown Estate report found the property was so dilapidated that he will likely not receive any compensation.
The loss represents the end of assumptions about family stability and security that shaped their expectations for decades. They are now carving out lives entirely independent of the Crown’s property portfolio, even as they remain privately angry at how their father’s downfall has affected their futures.