page_title: Bagshot Park
section_title: Lease to Prince Edward, Earl of Wessex
hierarchical_section_title: Bagshot Park / Lease to Prince Edward, Earl of Wessex
caption_attribution_description: English: Bagshot Park
context_page_description: Bagshot Park is a royal residence located near Bagshot, a village 11 miles south of Windsor and approximately 11 miles north west of Guildford. It is on Bagshot Heath, a fifty square-mile tract of formerly open land in Surrey and Berkshire. Bagshot Park occupies 21 hectares within the designated area of Windsor Great Park.
  The Mansion house was listed, Grade II, as a building of special architectural or historic interest in 1976. Built with red brick and stone dressings in Tudor gothic style, with side and rear extensions in late 19th and early 20th centuries. The landscaped grounds are also Grade II listed on the Register of Historic Parks and Gardens.
context_section_description: In March 1998, the Mansion House at Bagshot Park, including a block of stables and Sunningdale Lodge, was leased by the Crown Estate to Prince Edward for 50 years. The Mansion House was renovated as a residence for the prince. The renovation was partly funded by the Crown Estate and partly funded by Prince Edward. The renovation was originally estimated to cost £2.18m, with £1.6m from the Crown Estate and the remainder being paid by the prince. The National Audit Office (NAO) report on the transaction states that the final cost of renovations was £2.98m; the Crown Estate paid £1.6m and the estimated excess of £1.38m was paid by Prince Edward. 
  The prince rented it from the Crown Estate initially for £5,000 a year then after renovation rising to £90,000 a year subject to 15-year rent reviews linked to RPI. According to the NAO report, the property leased by the prince does not include commercial farmland or woodland. The lease agreement permits subletting of the stable block.
  Prince Edward has since extended the lease to 150 years for £5m.
caption: Bagshot Park in 2008.
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