Barnstaple in the 16th and 17th centuries greatly benefited the town. The wealthy merchants that this trade created built impressive town houses, some of which survive behind more recent frontages—they include No. 62 Boutport Street, said to have one of the best plaster ceilings in Devon. The merchants also built several almshouses including Penrose's, and ensured their legacy by dedicating elaborate monuments to their families inside the church. By the 18th century, Barnstaple had ceased to be a woollen manufacturing town, which was replaced by Irish wool and yarn, for which it was the main landing place; the raw materials were
Barnstaple had rebelled against King William II. William re-granted the barony to Juhel de Totnes, formerly feudal baron of Totnes. In about 1107, Juhel, who had already founded Totnes Priory, founded Barnstaple Priory, of the Cluniac order, dedicated to St Mary Magdalene. After Juhel's son died without children, the barony was split into two, passing through the de Braose and Tracy families, before being reunited under Henry de Tracy. It then passed through several other families, before ending up in the ownership of Margaret Beaufort (died 1509), mother of king Henry VII. See Feudal barony of Barnstaple for full details. In