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Wonastow Mill, Mitchel Troy, Monmouth

Wales

£895,000

Listed on 27/05/2026

Property details

Bedrooms
4
Type
Character Property
Area
5843 sqft

Description

An intriguing opportunity to acquire a historic former water mill, dating back to the 16th century, nestled within approximately 3.37 acres of beautiful grounds in the scenic River Trothy valley near Monmouth. This property offers a wealth of character and potential, featuring four levels of spacious accommodation that can be tailored to modern living while retaining its unique historical charm. The interior boasts elegant reception areas, a fitted kitchen equipped with an electric AGA, and an inviting wine cellar with a sauna for relaxation. The estate is further enhanced by multiple outbuildings including three stables and a detached workshop that currently serves as a training facility but holds planning permission for conversion into a three-bay garage—a perfect project for those looking to increase value through development. The addition of solar panels provides an income stream, alongside the private well servicing the gardens. While this property captures the essence of countryside living with privacy and rural appeal, it also presents significant refurbishment possibilities to maximize its potential as either a luxurious residence or an investment opportunity. Just two miles from Monmouth with convenient access to major road links, this property represents a harmonious blend of seclusion and accessibility.

Investment analysis

(NP25 area)

Below Market Value

This property is priced -51.0% below area average per sq ft

-51.0%
Potential saving
This Property
£153/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£284
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£2,007,889
10% above area average per sq ft
Potential ROI
+101.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NP25)

Area prices are rising by +9.2% over the last 12 months
3 year growth: +2.3%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on NP25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Wonastow Mill, Mitchel Troy, Monmouth
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,381
Based on a loan of £671,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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