Ozzy and Sharon Osbourne have spent $10 million on a new home.

Ozzy and Sharon Osbourne

Ozzy and Sharon Osbourne

The 66-year-old rocker and his spouse were previously renting in and around the Los Angeles area ever since they sold their former residence to Jessica Simpson in 2011 for a reported $11 million.

According to TMZ.com, they have now settled on a new English-style estate in Beverly Hills that spans across 5,680 sq. ft and comes with five en-suite bedrooms, a two-storey guest house and its own garage.

The purchase is technically a downsizing for the Osbourne family as the mansion they sold to Jessica boasted six bedrooms, 10 bathrooms, was 11,000-square-foot and was located on a hill in the middle of a two-and-a-quarter acre property, in the popular celebrity enclave of Hidden Hills.

It had the best mountain and city views, a gym, a library, a pool and a maid's quarters.

Ozzy and wife Sharon - who are worth a reputed $67 million - divide their time between their Buckinghamshire mansion in the English countryside and the US and are no strangers to the property market.

In March this year, they put two unfinished houses in Hollywood Hills West up for sale priced at $1.999 million each,

And in April 2011, the millionaire couple put a Malibu beach house on the market for $10 million.