The Mail on Sunday’s assistant editor, Kate Mansey, said: “I think we’re going to see a different monarch when we see Charles take over.
“I spoke to a friend of the Prince of Wales who said that he very much does plan to move into Buckingham Palace when he ascends the throne but on a much less grand scale.
“So we’ve got all those apartments and their availability, it will be more a ‘flat above the shop’ scenario as it was described to me by somebody in a position to know.”
Her comments come amid recent reports that Prince Charles plans to open Buckingham Palace to the public, and maintain Clarence House as his primary residence.
Buckingham Palace is undergoing a £369million renovation
Currently, the staterooms at Buckingham Palace are open to the general public between April and September, with a limited number of tickets available each day.
Whilst the Palace houses the Queen’s official offices, the monarch has spent an increasing amount of time in recent years at her home in Windsor Castle.
Kate Mansey continued: “Well I think definitely, the Prince of Wales has an eye on whether the monarchy is good value for the public and it’s something he’s really conscious about.
“We’re in the middle of a 10-year huge renovation project at Buckingham Palace, it’s costing the nation £396million and anybody who’s ever had any home renovation is saying ‘we always go over budget’.
“It’s a huge expense and he’s very conscious of that and I think that will be a really important thing of his reign is that he’ll be looking at, is does the monarchy offer the public good value?”
The 775-room palace is being fitted with a new roof, new floorboards, a centralised heating system and improved electricity and wifi.
No other member of the Royal Family currently resides at the Palace, with Prince Charles and Camilla at Clarence House and Prince William and Kate residing at Kensington Palace.
Since the 1990s, it has been known that Prince Charles hopes to modernise the monarchy when he ascends the throne, by reducing the number of working royals and the number of family members dependent on the Sovereign Grant.
It has also been reported that other royal residencies, such as Balmoral in Scotland, could be made open to the public.
The Royal Family are known for spending the summer months at Balmoral, whilst they usually convene at Sandringham in Norfolk for the Christmas holidays.
Other royal residences include St James’s Palace, Holyroodhouse Palace and Bagshot Park.
Source: EXPRESS CO UK