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Penyard House, Grosmont, NP7

Wales

£890,000
Listed on 29/04/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3196 sqft

Description

Nestled in a desirable historic village, this former rectory dating back to the 17th century presents a unique opportunity for renovation and investment. With five bedrooms and four reception areas, the property offers ample space for family living or potential reconfiguration to create additional accommodation. The home features a farmhouse kitchen with original elements, including a Rayburn cooking range and an integrated larder. The layout includes charming spaces like a snug with a wood-burning stove and a formal dining room that provides beautiful garden views through its large window. The drawing room is particularly noteworthy, featuring high ceilings and an inglenook fireplace, while the garden room brings in natural light from multiple sides. Set on approximately one-third of an acre, the grounds include mature gardens and potential for enhancement. A key highlight is the detached stone barn, which has planning permission granted for conversion into a two-bedroom annexe—ideal for guest accommodation or as an income-generating rental unit. Additionally, there is a spacious garage/workshop that could serve various purposes depending on your needs. The property's elevated position allows for stunning views of the surrounding countryside, providing an idyllic backdrop for outdoor entertaining or gardening enthusiasts. The existing layout maintains many original features such as exposed beams and fireplaces, offering character while leaving room for modern updates. Located close to St Nicholas Church and within commuting distance to Abergavenny, Hereford, and Monmouth, this residence benefits from proximity to local amenities and schools. This rare combination of historical charm, expansive living space, and significant renovation potential makes it an attractive proposition for investors or families looking to create their dream home in a tranquil setting.

Investment Analysis

(NP7 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£278/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£278
Avg Yield
3.6%

Renovation Potential

Est. Renovation Cost
£89,000 - £222,500
10-25% of property value
Target Value
£1,049,055
10% above area average per sq ft
Potential ROI
-5.7%
After renovation
Monthly Sales
21
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (NP7)

Area prices are falling by +3.6% over the last 12 months
3 year growth: 3.6%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on NP7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Penyard House, Grosmont, NP7
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