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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

This historic former water mill from the 16th Century, positioned on approximately 3.37 acres within the scenic River Trothy valley, presents a unique opportunity for renovation and investment. With its rich character spread across four floors, the property retains numerous original features that could be restored or enhanced to create a distinctive family home. Current amenities include spacious reception areas and a fitted kitchen featuring an electric AGA, as well as five potential sleeping areas including a versatile loft space ideal for use as an occasional bedroom or home office. The extensive outbuildings, which include three stables, a tack room, and a large workshop with planning permission for conversion into a three-bay garage, provide significant potential for various uses, whether for personal hobbies or business ventures. The property also benefits from unique features such as fishing rights on the River Trothy and solar panels offering additional income through a Feed-In Tariff scheme. Situated close to Monmouth and conveniently linked by road via the nearby A40, this setting offers both tranquillity and accessibility. While offering ample space and charm today, enhancements can elevate it further into a distinguished country residence with an outstanding lifestyle.

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
£313/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Target Value
£2,008,531
10% above area average per sq ft
Potential ROI
+92.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NP25)

Area prices are rising by +6.6% over the last 12 months
3 year growth: +3.4%
5 year growth: +8.3%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,193
Based on a loan of £671,250 over 30 years at 3.97% 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.

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