The Daily Mail broke the news that the Duke and Duchess of Sussex are set to terminate their lease on their country home in the Cotswolds this spring.
According to an unnamed source, Harry and Meghan are planning to move out of their Cotswolds home due to the high costs associated with the upkeep of the property while managing the renovations of Frogmore Cottage, which is set to become their home and base later this spring.
However, another unnamed source said the reason for the early termination is because of security issues.
Harry and Meghan signed a two-year lease on the property at a cost of £2.5 million. The cottage is four bedrooms with a detached two-bedroom cottage for visitors and is located near Soho Farmhouse, a private retreat that the couple visit frequently.
The Sun reported in an exclusive earlier this month that Harry and Meghan viewed their Cotswold property as “more of a home than Harry’s Nottingham Cottage bachelor pad,” and that famous friends including Serena Williams, George and Amal Clooney, and Priyanka Chopra and Nick Jonas have visited.
Meghan’s mother Doria has also stayed at the Cotswold house, which has no close neighbours and is sprawled out amongst the hills of Oxfordshire.
A friend spoke to The Sun about the property, saying, “It’s a fabulous place with stunning views and extraordinarily private. It’s set in a small bowl of beautiful countryside so is not overlooked in any way.”
The friend continued, “Meghan adores the area. She and Harry love walking the dogs there, and they can entertain their friends in complete solitude.”
Harry and Meghan are currently working on renovations to Frogmore Cottage, which is estimated to cost around £3 million, according to some sources. The couple will pay for furnishing and fixtures, but taxpayers will float the rest of the costs.
Kensington Palace declined to comment to the Daily Mail.