The Prince and Princess of Wales are looking forward to a “fresh start” as they  move into a new home in Windsor.

William and Kate are shifting to eight-bedroom Forest Lodge in Windsor Great Park, with their children George, Charlotte and Louis.

They are moving house later in 2025, Kensington Palace said.

According to The Sun, the royal couple are paying for the property and renovations themselves, avoiding any extra cost to the taxpayer.

The paper reported that work has already started on minor renovation at the property.

In 2001, Forest Lodge underwent Stg1.5 million ($3 million) restoration works and was put on the rental market for Stg15,000 a month.

Images inside the home taken at the time showed the property boasted original stonework, elaborate plaster cornices and ceiling decoration, and a half-barrel vaulted hallway ceiling.

The couple will renovate and move into Forest Lodge. Photo: Historic England

The Waleses’ move will be a short one from their present main home at Adelaide Cottage in Windsor, and the children attend nearby Lambrook School.

They also have homes at Anmer Hall in Norfolk and Apartment 1A in Kensington Palace in London.

As heir to the throne, William inherited the Duchy of Cornwall estate, a portfolio of land, property and investments valued at more than Stg1 billion, when his father became King.

According to The Sun, Forest Lodge would be worth about Stg16 million on the open market.

The freehold is owned by the King.

-AAP