This historic 33-bedroom manor that sits on a six-acre property in Monmouthshire is up for grabs for just $250,000. But there's a catch, though.

Troy House in Mitchel Troy, Monmouthshire, according to a report, is now available for auction. This 17th-century four-story house, which is also a Grade II listed property, features a chapel, a theater, cloisters, a sacristy, two tennis courts, and outbuildings and garaging. It has 29 bedrooms and four dormitories, a two-story hostel block, a staff flat, a principal's flat, and a caretaker's flat.

The 44,000-square-foot Troy House has been put up for auction at a recommended price between $244,000 and $305,000. However, despite its great location and impressive exterior, Troy House has been in a state of disrepair for years and was actually listed as a building at risk.

Photos of its interior reveal that interested buyers will need to consider the extent of renovation works that would need to be undertaken to restore the place or upgrade it.

The caretaker's flat still looks habitable, though, along with its two-bedroom apartment. Still, the rest of the neoclassical house is clearly in bad condition: ripped flooring, broken windows, collapsed ceilings.

As the listing stated, the property requires extensive work to refurbish and modernize it. However, it offers a possible potential for redevelopment and alternative uses.

Despite its dilapidated condition, Troy House has received a good number of inquiries in just over a week since it has been on the market. Some possible uses for the property included boutique hotel and spa, luxury apartment, and private residence.

The Historic Troy House

Troy House is a three-story rectangular building made of coarse stone. It features a circular forecourt in from the main entrance, with steps that lead up to the piano nobile's front door. The original medieval manor was said to have been rebuilt by Sir William Herbert during the late 15th century.

Between 1682 and 1699, the Troy House grounds were expanded, and the facade was rebuilt as a wedding present by Henry Somerset,1st duke of Beaufort of Badminton, Gloucestershire to his son, Charles Somerset.

In 1899, the whole Troy estate was auctioned off with following Henry Somerset's death. The Troy House, however, was not sold.

The Sisters of Good Shepherd took possession of Troy House in 1901 and converted it into a convent in 1904 and then into a girls' school in 1935. The school eventually moved out in the 1980s, and the building further deteriorated since then.

In 2019, a plan to develop the house into flats with two new buildings and another one at the gatehouse was approved by the Monmouthshire County Council. The Welsh Government later overturned the decision after the site was found to be located within a flood zone.

The Troy House is listed as a Grade II building while its walled garden and the gatehouse and the gates have their own separate Grade II listings.

The online auction day for Troy House is scheduled for May 28, 2020. Listing agents expect bidding would be competitive come auction day. Check out a preview video here.