The Prince and Princess of Wales are set to move into a new home in Windsor. William and Catherine will move to the eight-bedroom Forest Lodge in Windsor Great Park, with their children George, Charlotte and Louis.

The Prince and Princess of Wales and their three children are reportedly set to move from Adelaide Cottage to another Grade II listed gem in Windsor Great Park

Prince William and family are moving to Forest Lodge on the Windsor estate, prompting uncertainty about the future of Buckingham Palace.

Forest Lodge was last renovated in 2001 at a cost of £1.5 million ($A3.1 million) and went on the rental market for £15,000 ($A31,000) a month. At the time, the eight-bedroom property was valued at £5.5 million ($A11.4 million) but according to house price indices, the home would be worth about £16 million ($A32 million) if sold on the open market.

Multiple outlets, including the Times of London, report that the Prince and Princess of Wales will soon live at Forest Lodge in Windsor. The news comes after weeks of rumors about a relocation from their current home of Adelaide Cottage. Previous articles suggested that Fort Belvedere, the former home of the Duke of Windsor, was on the table.

Britain's Prince and Princess of Wales, William and Kate, are set to relocate to their new home, Forest Lodge, on the Windsor Castle estate. This move, a personal investment by the royal couple, marks a fresh start and a permanent residence for their family after recent challenges.