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Did Fergie’s romance novel sales help fund her spacious £7 MILLION home? Questions remain over how Duchess of York can afford Mayfair property she ‘bought for her daughters as it is revealed she will rent it out’
- Duchess of York may have bought £7million home with money from book sales
- Fergie, 62, is said to have bought Mayfair house from the Duke of Westminster
- It has been bought for her two daughters as an investment and will be rented out
The Duchess of York purchased a luxury home worth up to £7million in the heart of Mayfair, leaving some wondering if her book sales helped finance the deal.
The pricey purchase raised questions over how Sarah Ferguson, who has spoken of her debts and bankruptcy fears, could afford to splash out let alone on an investment for her daughters.
Her 2021 romance novel ‘Her Heart for a Compass’, about about an aristocratic redhead, may have been the key to her success.
Sources close to the 62-year-old say her financial status improved after she launched a writing career that secured various book deals.
While The Telegraph revealed the spacious townhouse was bought from the Duke of Westminster as an investment for her children Beatrice and Eugenie and will be rented out.
The duchess is now converting the property of two flats, which boast a bijou terrace, bar, two reception rooms and a parking garage, into one home.
It has been revealed that the Duchess of York Sarah Ferguson purchased a £7million mayfair townhouse as an investment for her daughters Princess Beatrice (left) and Princess Eugenie (right)
The large open plan kitchen features a black marble island and worktops with a sky light and large windows to ensure maximum light
The property’s large living room features a neutral decor and horizontal skylight to open up the space. The walls feature panelled mirrors alongside built-in cupboard space
Sarah Ferguson’s Her Heart For A Compass reached the Sunday Times Bestseller list
In 2010 she told US television she was ‘continually on the verge of financial bankruptcy’ and had ‘little understanding’ of money.
She also admitted to having ‘little understanding’ of money and there were reports she had run up as much as £4.2million in debt during her marriage to Andrew.
But now she has written one successful Mills and Boon novel, has another on the way, and has signed a 22-book deal.
Her first bodice-ripper crept onto the bestseller charts last year — despite some branding it a ‘slog’ with no sex.
Critics called the book ‘boring’ but it initially sold 1,000 copies a week when it was released.
The second floor compromises of a principal bedroom suite with a walk-in wardrobe, a second bedroom suite as well as a private roof terrace
Pictured: The property offers a stunning reception room with a cast-iron fireplace, large window and two floor to ceiling bookcases
People on the street said the Duchess had been spotted viewing the house in the late spring — and seen running into a waiting vehicle. They admitted they were happy to have yet another famous neighbour — as long as her ex-husband stays away.
The building was once two flats now converted back to a house and formed part of the giant Grosvenor Estates portfolio, but has now been transferred to the Duchess, who spends most of her time living with her ex-husband at his grace-and-favour home — the Royal Lodge in Windsor.
The Yorks have been involved in several property controversies. Their former marital home, Sunninghill in Ascot, Berkshire, was sold by Prince Andrew for £3million more than the asking price of £12million in 2007 to a Kazakh oligarch.
The duke is also trying to sell his £18million ski chalet in Verbier, Switzerland. Bought in 2014, it was also described as a nest egg for the children. But the sale has been stalled by a couple who claim he also owes them a business debt of £1.6million.