Unique 950k Pound Grade II Listed Pencoed Castle For Sale In Gwent, Wales

Historic Overview of Pencoed Castle

Step back in time with this unique castle for sale in Gwent, Wales. The Grade II Listed Pencoed castle is priced at £950k for the Freehold Grade II Listed Castle, complete with farmhouse, bungalow, outbuildings, dovecote, and land with planning. The Pencoed Castle was originally built in the Thirteenth Century and is first noted in the Wentwood survey of 1270 as being occupied by Sir Richard de la More.

Development Potential and Features

Some of the key features of Pencoed Castle include planning permission to restore the castle, convert the outbuildings to offices, and develop 12 new dwellings. Possible potential for the property to redevelop parts of the site, subject to consents. The former farmhouse comprises three residential flats and a separate two-bedroom detached bungalow. The bungalow and two of the flats are subject to an assured shorthold tenancy. The castle and one of the flats within the farmhouse are vacant. The property includes approximately 9.39 Hectares (23.21 acres) of land which is subject to a farm business tenancy for a term expiring 30th November 2020. The total site area approximately 26.23 Hectares (64.8 Acres).

Location and Accessibility

The castle is located close to extensive shops, bars, and restaurants which are located nearby in Newport, and Newport Rail Station is situated 8 miles to the west. The castle property has easy access to the M4 Motorway. The total current rent reserved is £16,075 p.a. (equivalent) with castle and one flat vacant.

Local Attractions and Cultural Significance

Gwent is located in southeast Wales close to Newport where you will find plenty of activities to enjoy from a day out at Tredegar House, wildlife spotting on the 18th-century canal, to an afternoon perusing the National Roman Legion Museum. The city of Newport has a cathedral, museum and art gallery, and traditional covered market. There's also lots of interesting public art, including a statue that commemorates Newport's Supertramp' poet, WH Davies, the man who wrote the immortal lines, ‘What is this life if, full of care, we have no time to stand and stare.' There is also the Riverfront Theatre and Arts Centre, Newport.

Entertainment and Cultural Events in Newport

For entertainment, there's the Newport Centre's pool, sports facilities, and 2,000-capacity music venue. The Riverfront's 500-seat theatre presents a mix of comedy, opera, music, dance, and drama, with a pleasant cafe-bar with an outdoor terrace that spills onto the banks of the River Usk. Newport is strongly associated with Chartism, the 19th-century working-class movement for political reform, and more recently has left a couple of marks on popular culture to include the absurdist rap collective Goldie Lookin' Chain sprang from Newport's anarchic subculture, while Kurt Cobain proposed to Courtney Love in the legendary TJ's rock venue.

Exploring Tredegar House

Tredegar House is probably the best 17th century Charles II mansion in Britain and a pleasant place to spend a day, exploring the red-brick house, its gardens, and parkland. The house was built by the powerful Morgan family, local landowners, and later Lords of Tredegar, although their most famous son is Sir Henry Morgan (1635-1688), the original pirate of the Caribbean, after whom Captain Morgan Rum is named.