Prince Harry and Meghan Markle will live in the 2-bedroom cottage that Prince William and Kate Middleton once shared

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• The newly engaged Prince Harry and Meghan Markle will live in Nottingham Cottage.
• It is one of the smallest homes in Kensington Palace.
• Harry has lived in Nottingham Cottage for the last four years. Before that, it was occupied by Prince William and Kate Middleton.

Following their engagement, Prince Harry and Meghan Markle will live in Nottingham Cottage, one of the smallest homes in Kensington Palace, according to The Telegraph.

The residence features a kitchen, bathroom, living room, and two bedrooms, and it has been Prince Harry's home for the last four years. Before that, it was the first home shared by Prince William and Kate Middleton after their marriage.

While not as luxurious as some of the other royal residences, it is more modest and private, featuring a rooftop garden and long hallways that are ideal for children.

The home has been owned by the royal family since 1689, when King William III and Queen Mary II purchased it for £20,000. Christopher Wren, who designed St. Paul's Cathedral, remodeled the home, and since then it has been occupied by George I, George II, Princess Margaret, and Princess Diana.

Once Harry and Meghan are married in Spring 2018, they may follow William and Kate's example and move into a larger residence.