21 bedroom detached for sale

£3,500,000 Guide Price

21

Bedrooms

7

Bathrooms

Floorplan

Over almost twenty years the current owners have spared no expense in the renovation and restoration of one of the finest homes in Wales. This process of rejuvenation has also extended to the surrounding buildings which have been individually purchased and brought back from the brink of dereliction to reform this grand and impressive estate. Once owned by the Queens cousin, this stunning mansion and its surrounding buildings have been restored to a condition that is truly fit for royalty.

Designed by the renowned architect Edward Haycock, the mansion was constructed around 1854 on the site of an older 18th century residence. The mansion was extended and redecorated around 1905 with intricate stencilling, painting, and cornice work which contributed to the building being classified as a Grade II' listed property. Much of the redecoration and remodelling undertaken at this stage was carried out by Morant of London and included touches like the alabaster fireplaces, hand painted friezes, and ornate plaster work. When the current owners began the restoration of the property they went to great pains to preserve these features and match them with equally high quality craftsmanship. New cabinetry was added throughout the property and used designs from the famous Clive Christian Furniture Company. This also included a highly bespoke kitchen which is a truly stunning addition to the mansion.

In addition to the main fourteen bedroom mansion, the sale includes a wide range of additional buildings that surround the main property. Contained within the main mansion itself is a three bedroom, two reception room, self-contained wing. To the rear of the mansion the construction of a gym and indoor swimming pool is a fantastic addition to the building.

Positioned behind the mansion an L shaped stone building contains two self-contained cottages, a large triple bay coach house with an upper level, and another two storey unconverted cottage. The scope to bring these buildings back into residential use is huge, with the current owner carefully ensuring that the buildings have been reroofed to secure and weatherproof them in the meantime.

Next to this L shaped building is another two bedroom detached cottage to the side of the main house. Recently added to the estate is another large part converted detached house which will be able to provide four/five bedrooms over two levels. Beside this structure is another very large unconverted barn and cowshed which has recently been purchased by the owners. The estate also owns two driveways which lead to the properties, with access over a third to the north side of the mansion.The estate is positioned on the northern bank of the sweeping River Teifi which works its way down from the Cambrian Mountains and joins the sea at the nearby town of Cardigan. This thriving market town provides a huge range of amenities and services just ten minutes drive from the estate.

Combining a history that is as rich and intriguing as the opportunities it offers for any buyer, this estate would make the perfect location for an events or hospitality business or an unparalleled private residence.

This historic estate perfectly reflects the grandeur and opulence of its original design in the painstaking renovation carried out by the current owners. Penylan Mansion represents the pinnacle of the housing market in the region and is a truly stunning proposition for a buyer

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 3046450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 87500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 421450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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