Samir Hussein/WireImage; English Heritage/Heritage Images/Getty 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 Sunreported 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 thatPrincess KateandPrince Williamwill soon be leaving their Adelaide Cottage home alongside their three children —Prince George,Princess CharlotteandPrince Louis— in favor of another property in Windsor, UK newspaperThe Sunreported. 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 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 toThe Sun. Prince William, 43, receives around$30 million a yearfrom 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 gruelingchemotherapy for cancer— which ended last summer — whileKing Charleswas also diagnosed with an undisclosed cancer. He is still receiving treatment. Soon after they settled in Adelaide Cottage, the family also mourned the loss ofQueen Elizabethin September 2022. Jonathan Brady - Pool/Getty Can't get enough of PEOPLE's Royals coverage?Sign up for our free Royals newsletterto get the latest updates on Kate Middleton, Meghan Markle and more! The Wales family also has a country home,Anmer Hall, in Norfolk and a London base,Kensington Palace. https://people-app.onelink.me/HNIa/kz7l4cuf Ahead of their move toAdelaide Cottage, it was revealed that their Norfolk home "is their happy place." "The reality is they are quite confined in what they can do in London," a friend toldThe Sunday Timesin 2022. "The kids can't go into the park and kick a football with friends. Their plan is to be there for the next 10 to 15 years and then move to Anmer, which is so special to them." Read the original article onPeople