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£495,000
Bedrooms
A very rare opportunity to buy a substantial part of an historic Grade 2 Listed Manor House set in around 5 acres of superb grounds (part of which will be communal gardens for the four properties onsite) overlooking the beautiful River Teifi on one of its loveliest stretches. Conditional Listed Building Consent (Ref ; 22/0964/LB) has been achieved in May 23 (see details attached) to subdivide the House into four units. One of the four units is being retained by the vendors, another has now been sold with two others currently available. This listing is to be called Castle House and is the larger of the two available (see the other listing for the smaller property for 295,000 called Hammett House).
Castle House has 8 bedrooms with 6 en-suite bathrooms and is on three floors which includes a 2 bed self contained flat on the top floor. The first and second floors are in good condition whilst the ground floor will need some remedial works to accommodate the various alterations as required by the subdivision and the Listed Building Consent. This property will have its own gardens as well as right of access to the extensive landscaped communal gardens surrounding the House. A Management Company has been set up called Castell Malgwyn Management Company to handle the affairs of the four properties involved.
Enjoy owning and living in part of an historic Country House situated a short drive to the coast and located in a beautiful setting.
Ground Floor
Castle House
As can be seen from the pictures on Castle House the majority of the ground floor and none of the first floor need work at all, however the second floor could use a refresh to bring it back up to current standards. Parts of the ground floor would need work done to make a nicer main entrance for Castle House and to install a kitchen and to do various other alterations as required by the planning consents.
As well as private gardens (marked in green on the attached map) the new owners of Castle House would also enjoy full use of the large communal Manor House gardens. In addition to the Listed Building Consent the standard Planning Consents have also recently been obtained in circa June 2023.
History of the House
The present house was constructed c.1795 for Sir Benjamin Hammet, a wealthy entrepreneur from Taunton, Somerset, who bought the estate in 1791. It is built in three storeys of local Cilgerran stone with a hipped slate roof, a five-bay frontage and a two-storey wing. It replaced a previous house and was originally named Castle Malgwyn.
Hammet, who founded and co-owned the bank of Esdaile, Hammet & Co. was elected MP for his home town of Taunton in 1782.
After Hammet's death in 1802 the estate passed to his son, John. On John's early death in 1811 the house contents were sold. When Sir Benjamin's wife Lady Louisa died in 1824 the estate was sold to Abel Anthony Gower of Glandovan, who let the property. On Gower's death in 1837 his nephew, Abel Lewes Gower, inherited and moved in, investing a large amount of money on improving the property. When he also died young in 1849 his widow remained in residence until her own death in 1886, when it passed to Abel Lewes's brother, Robert Frederick Gower, who had also inherited Glandovan from their father. Castell Malgwyn passed down in the Gower family until it was sold in 1948, and became a hotel in 1962.
The house was renamed Hammet House in 2012 in recognition of the original owner.
Further extensive history of the house over several hundred years can be found here at
http://www.glen-johnson.co.uk/castellmalgwyn-mansion-hammett-house/
Listed Building Conditions
There are various Listed Building Conditions that apply to this property - please ask for details when arranging a viewing.
General Information
Viewings: Strictly by appointment via the agents, Houses For Sale in Wales or our sister company, The Smallholding Centre.
Tenure: Each of the four units will own a share in the management company that will own the freehold.
Services: Castle House will have its own mains electric supply, mains water and a communally shared private drainage arrangement.
Council Tax Band: Tbc, Ceredigion County Council
Directions
From Newcastle Emlyn, proceed on the A484 to Llechryd. Take the left turn over the river bridge and the entrance to Castell Malgwyn is immediately on the right-hand side. Proceed down the drive and past the entrance to the courtyard cottages on the right. Proceed and then take the next right hand fork which goes down beside Castell Malgwyn and continue down to the parking area for Castle House & Hammet House.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £2,140.71
Total Interest: £275,655.95
Overall Total: £770,655.95
Amortization For Monthly Payment: £2,140.71 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £15,694.26 | £9,994.27 | £485,005.73 |
| 2026 | £15,369.71 | £10,318.82 | £474,686.91 |
| 2027 | £15,034.63 | £10,653.91 | £464,033.01 |
| 2028 | £14,688.66 | £10,999.88 | £453,033.13 |
| 2029 | £14,331.45 | £11,357.08 | £441,676.05 |
| 2030 | £13,962.65 | £11,725.89 | £429,950.16 |
| 2031 | £13,581.87 | £12,106.67 | £417,843.50 |
| 2032 | £13,188.72 | £12,499.81 | £405,343.69 |
| 2033 | £12,782.81 | £12,905.73 | £392,437.96 |
| 2034 | £12,363.71 | £13,324.82 | £379,113.14 |
| 2035 | £11,931.01 | £13,757.52 | £365,355.62 |
| 2036 | £11,484.25 | £14,204.28 | £351,151.34 |
| 2037 | £11,022.99 | £14,665.54 | £336,485.79 |
| 2038 | £10,546.75 | £15,141.78 | £321,344.01 |
| 2039 | £10,055.04 | £15,633.49 | £305,710.52 |
| 2040 | £9,547.37 | £16,141.17 | £289,569.35 |
| 2041 | £9,023.20 | £16,665.33 | £272,904.02 |
| 2042 | £8,482.02 | £17,206.51 | £255,697.51 |
| 2043 | £7,923.27 | £17,765.27 | £237,932.25 |
| 2044 | £7,346.37 | £18,342.17 | £219,590.08 |
| 2045 | £6,750.73 | £18,937.80 | £200,652.28 |
| 2046 | £6,135.75 | £19,552.78 | £181,099.50 |
| 2047 | £5,500.81 | £20,187.73 | £160,911.78 |
| 2048 | £4,845.24 | £20,843.29 | £140,068.49 |
| 2049 | £4,168.38 | £21,520.15 | £118,548.34 |
| 2050 | £3,469.55 | £22,218.98 | £96,329.36 |
| 2051 | £2,748.02 | £22,940.51 | £73,388.84 |
| 2052 | £2,003.06 | £23,685.47 | £49,703.37 |
| 2053 | £1,233.91 | £24,454.62 | £25,248.75 |
| 2054 | £439.78 | £25,248.75 | £0.00 |
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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Sat May 31 2025
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Sat May 31 2025
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