Cut-price Downton: Historic 21-bedroom mansion goes on sale for same price as a London flat after price is slashed to £650,000 18th century mansion had asking price cut from £1.1million Cilwendeg House, in North Pembrokeshire, Wales, is set in six acres of land Property was used as a home for the elderly but could easily be converted back into a private dwelling By Luke Salkeld In some postcodes £650,000 would be just enough for a modest family home. But in other areas you get a lot more for your money. Proving once again that location is everything in property, that same sum could also buy this 21-bedroom country mansion. The 18th century home in six acres of land has had almost half-a-million knocked off its asking price. Cilwendeg House is located in rolling Welsh countryside a few miles from where Prince Charles has a country retreat, and as well as the huge number of bedrooms, comprises four large reception rooms, two matching conservatories, offices and servants" quarters. Cut price mansion: Cilwendeg House, in North Pembrokeshire, which is on the market for just £650,000 - the same price as a one-bedroom flat in London Luxury: The interior of the Welsh mansion which is on sale for just £650,000 - the price of a one-bedroom London flat According to the estate agent's blurb, it has "splendid Doric and Ionic columns, ornate window surrounds, quoins and a host of other architectural features which create a magnificent impression." The property near the farming village of Boncath in Pembrokeshire, was built in the 1780s by the son of a wealthy lawyer who wanted a grand country pile. It was bought by Pembrokeshire Council in 1952 and used as a retirement home until it closed in 2010. Estate agent Anthony Clay said: "You try to find a property like Cilwendeg House anywhere else for this price and, quite frankly, you'll fail. Rolling countryside: Cilwendeg House is set in six acres of land. It was used as a residential home for the elderly until three years ago No interest: The historic home has been on the market for £1.1million but didn't attract a buyer at that price Repair job: The historic property has been used as a home for the elderly since the 1950s but could be converted back into a private dwelling Rundown: The kitchen in the 21-bedroom mansion which will need some refurbishment to be returned to its former glory Indoor garden: Cilwendeg House, in North Pembrokeshire, Wales, which has been dubbed a cut-price Downton Abbey It is a really, really good price for the right person. He added: "It may not have sold due to worries over a possible mansion tax, which may or may not come into force in the future. But at this price someone is going to get a real bargain. Last month it emerged an end-of-terrace former squat in London sold for £80million in one of Britain's biggest-ever property deals. The house, opposite Regent's Park, is spread over 21,500 sq ft and was once the home of the New Zealand High Commissioner. Cilwendeg House is located in North Pembrokeshire, Wales Luxury fittings: The property didn't attract a buyer when it was put up for sale at £1.1million a year ago Contrast: A one-bedroom flat is also on the market for £650,000 in this block in Marylebone, central London - the same price as a 21-bedroom mansion in Wales London flat: This property is on the market for £650,000 - the same price as Cilwendeg House, in North Pembrokeshire, Wales It boasts a mixture of classic and contemporary features from marble and limestone-lined halls to iPad-controlled lighting. There is also a sports complex which includes a gym and swimming pool and the high-tech gates have an automatic number plate recognition system. Also last month sellers of another London residence had to slash the asking price by £35million. Edwardian mansion Heath Hall, which has been on the market since 2011, had an original price tag in the region of £100million, and boasts a library, cinema, gym and wine cellar as well as 14 bedrooms. The price was dropped to a "more realistic" £65million.