"It's a less private spot than their previous home—from what I know about the location," one neighbor explained.

Even though it's considerably larger than Adelaide Cottage, Forest Lodge is likely to be much more homely than Buckingham Palace. "In many ways, it feels more like a conference center or a showcase than a palace that serves as a family home," a source told the outlet while discussing Queen Elizabeth's former home.

The Prince and Princess of Wales are said to be carrying out renovations on a historic Windsor property known as Forest Lodge.