Prince William, Kate Middleton Inherit Secret Farm Estate Worth $1.3 Million Following Queen's Death

Prince William and Kate Middleton have inherited a home in rural Wales after being receiving new titles following the death of Queen Elizabeth II last month.

The couple, who has been named the new Prince and Princess of Wales and Duke and Duchess of Cornwall, now owns a so-called "secret" tranquil farmhouse on Llwynywermod Estate on the outskirts of Myddfai, Wales, where King Charles III and Camilla, Queen Consort used to spend a lot of their time together, Wales Online reported.

After the death of the longest-reigning British monarch on Sept. 8, Prince William, 40, inherited several titles from his father, including the Prince of Wales, Duke of Cornwall, Earl of Chester and Duke Rothesay.

As the Duke of Cornwall, Prince William owns the Duchy of Cornwall, a private estate established in 1337 by Edward III to "provide independence to his son and heir," Prince Edward.

Kensington Palace confirmed that everything that forms part of the Duchy Estate belongs to the Duchy of Cornwall, and that includes Llwynywermod Estate.

The estate was bought in 2007 by the Duchy of Cornwall, then owned by Charles, for a reported cost of £1.2 million ($1.34 million), according to Wales Online.

The estate is made up of three cottages, a Grade-II listed barn and a main house, and it is surrounded by 192 acres of Welsh countryside.

Charles and Camilla reportedly often stayed at Llwynywermod, most notably around St. David's Day every March, when the then-Prince of Wales would have a packed schedule of duties around Wales.

While Prince William and Middleton, 40, own about three homes across England, it is only now that they have acquired a property in Wales.

However, the royal couple did spend three years living in Anglesey in North Wales when the prince was assigned to the area as a search and rescue helicopter pilot for the Royal Air Force (RAF) from 2010 to 2013.

Within this period, Prince William and Middleton got engaged in 2010, tied the knot in 2011 and welcomed their first child Prince George in 2013.

Prince William and Middleton have a fondness for Wales and have promised to visit the country regularly, including a trip to Cardiff before the Christmas season.

The couple, who spent time in Anglesey and Swansea last week, is said to be eager to "use the platform they have to take the dynamic nation of Wales to the global stage," according to the outlet.

Recently, Prince William and Middleton moved to Adelaide Cottage on the Windsor Estate in England, where they now live with their three children, 9-year-old Prince George, 7-year-old Princess Charlotte and 4-year-old Prince Louis. The kids started at their new school, Lambrook, at the beginning of the school year.