A historic walled Caerleon property linked to King Arthur, which had been for sale for £2.25m, has been bought by the Celtic Manor Resort and will be marketed as an exclusive executive retreat.

Guests will have the chance to get stay in the shadow of an Iron Age mound associated with King Arthur, at the five-bedroom property in the heart of historic Caerleon.

The property had been on the market for two-and-a-half years before being acquired by Celtic Manor.

The five star golf and leisure resort is owned by Welsh telecoms billionaire Sir Terry Matthews.

A spokesman for the Celtic Manor Resort said: "The Celtic Manor Resort can confirm its acquisition of The Mynde in Caerleon. The resort is currently considering the best possible use of the property as part of the Celtic Manor Collection, with long-term plans including its potential use as a small executive retreat."

Mark Roberts, MD of Town and Country Collection, part of Roberts & Co estate agents in Newport, marketed and sold the property as joint marketing agents with Savills.

Mark would not reveal the price the property sold for, but did say that The Mynde had been being marketed for offers around £1.5m.

Mark said: “The Mynde is a truly magnificent property in the heart of the ancient town of Caerleon. It’s unique. The fact that there was a strong rumour that King Arthur is buried in the Mynde only added to the romance and allure of the property.

“I’ve personally shown perhaps 12 people around this stunning property since we’ve been instructed, some of whom wanted to keep it as a private property for use as their new home.

“Not many people have had the privilege or venturing beyond the property’s stone walls however with its new usage that may well change. It’s an imaginative re-use for this fabulous house and its amazing grounds which includes a spiral walk which takes you up to the top of the Mynde.”

The exclusive venue is set in 3.5 acres of secluded walled gardens in the heart of Roman town Caerleon just outside Newport.

The property, in Castle Lane, Caerleon, was built by Victorian industrialist John Jenkins, is surrounded by walls constructed to repulse Chartists in the year of the Newport Rising.

A plaque on the wall of the property saying that in 1839 men in South Wales joined the Chartist Uprising and that the then owner of the property built the wall to keep marauding demonstrators out.

The property, which has seven reception rooms, five bedrooms, four bathrooms, a triple garages, swimming pool, summer house and extensive gardens, was transformed in the 1930s to include an Art Deco-style stained glass window, several fireplaces and ornamental plasterwork.

It had been owned by South Wales businessman Terry Greenhaf and his family for 36 years.

Mr Greenhaf said: "It's a magical place. It is said Arthur has been there, there are records, documents saying that he visited the place and has been there but most is it is the stuff of legend."

According to the Celtic Manor, the property, is a 'luxurious private retreat'.

The Mynde is the latest aquisition of the Celtic Manor Resort, which also owns the Coldra Court hotel in Langstone and the Newbridge on Usk restaurant with rooms at Tredunnock. The resort also offers a number of lodges within its grounds along with the main resort hotel and The Manor House.