The couple and their three children are to be moving into eight-bedroom Forest Lodge in Windsor

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Princess Kate and Prince William will be moving home “later this year” alongside their three children, a spokesperson at Kensington Palace confirmed to PEOPLE

The Wales family will be relocating to eight-bedroom Forest Lodge in Windsor, UK newspaper, The Sun reported on Aug. 16

The move comes three years after they move to Adelaide Cottage — they also have a country home, Anmer Hall, in Norfolk and a London base, Kensington Palace

The Wales family is on the move after finding their ideal family home.

On Saturday, Aug. 16, a royal source revealed that Princess Kate and Prince William will soon be leaving their Adelaide Cottage home alongside their three children — Prince George, Princess Charlotte and Prince Louis — in favor of another property in Windsor, UK newspaper The Sun reported.

They will allegedly be relocating to eight-bedroom Forest Lodge, which is not far from their current four-bedroom residence, Adelaide Cottage, per the outlet.

“The Wales family will move house later this year,” a spokesperson at Kensington Palace confirmed to PEOPLE.

John Stillwell - PA Images/PA Images via Getty Grade II-listed Forest Lodge, in Windsor in 2001

John Stillwell – PA Images/PA Images via Getty

Grade II-listed Forest Lodge, in Windsor in 2001

Forest Lodge is currently undergoing some minor renovations ahead of the family’s move, which the Prince and Princess of Wales are paying for themselves, according to The Sun. Prince William, 43, receives around $30 million a year from the Duchy of Cornwall Estate.

The Wales family will likely remain in their new home even when William becomes King.

The relocation comes after they moved to Adelaide Cottage on the Windsor royal estate three years ago. In that time, the three children started at co-ed prep school Lambrook, in nearby Ascot.

The family has also had to overcome their toughest challenges. Princess Kate, 43, has undergone grueling chemotherapy for cancer — which ended last summer — while King Charles was also diagnosed with an undisclosed cancer. He is still receiving treatment.

Soon after they settled in Adelaide Cottage, the family also mourned the loss of Queen Elizabeth in September 2022.

Jonathan Brady - Pool/Getty Princess George, Princess Kate, Prince Louis, Prince William and Princess Charlotte

Jonathan Brady – Pool/Getty

Princess George, Princess Kate, Prince Louis, Prince William and Princess Charlotte

The Wales family also has a country home, Anmer Hall, in Norfolk and a London base, Kensington Palace.