AFTER years of neglect, a historic former hotel could now be redeveloped for luxury homes after selling at auction.

The Rock and Fountain Hotel, near Abergavenny, has been sold for more than its guide price of £100,000 and could now be redeveloped.

The once thriving but now dilapidated hotel, off the A465 Heads of the Valleys Road at Clydach North, was sold by Paul Fosh Auctions.

The property had a guide price of £100,000 plus and planning permission for a four bedroom house to be built on the site and the former hotel being converted to four bedroom and five bedroom semi-detached houses with garages.

Matthew Jordan, of Newport-based Paul Fosh Auctions, said: "There was a lot of interest in the Rock and Fountain ahead of the auction and in the end the property sold prior to auction for well in excess of the guide price of £100,000 plus.

"The local buyer was keen to buy the property and to get cracking with redeveloping the site.

"The former hotel is in a really beautiful part of Monmouthshire, close to the border of the Brecon Beacon National Park and just a few miles from the centre of Abergavenny.”