Following eight years at the best-known residential address in the U.S., President Barack Obama and his family will reportedly be heading to a more modest home in an upscale Washington, D.C., neighbourhood.

The Obama family will be leasing an 8,200-square-foot home in D.C.'s Kalorama neighbourhood after they leave the White House in January.

According to real estate firm Washington Fine Properties, the nine bedroom, eight-and-a-half bathroom home was originally built in the 1920s and underwent a "meticulous renovation" in 2011.

Obama-front

(Washington Fine Properties)

Obama-livingroom

(Washington Fine Properties)

Obama-kitchen

(Washington Fine Properties)

The property features an in-law suite, an oversized terrace and formal gardens and a gated courtyard with room for up to 10 vehicles. 

The property was last listed for $5,995,000 and sold in 2014.

The home is reportedly owned by former White House press secretary Joe Lockhart and his wife Giovanna Gray Lockhart.

Obama-bathroom

(Washington Fine Properties)

Obama-backyard

(Washington Fine Properties)

Obama has said upon returning to private life that he plans on staying in Washington for a few more years while his youngest daughter Sasha finishes high school.

His oldest daughter Malia will be graduating high school in June and will be taking a year off before attending Harvard University in 2017.