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
Feudal barony of Barnstaple John Chichester (died 1569) of Raleigh, in the parish of Pilton just over the River Yeo from Barnstaple, and several leases were granted by him to townspersons of orchards gardens and houses within the walls of the castle. In 1566 Sir John Chichester assigned to the Mayor, Corporation and Burgesses of Barnstaple all his rights and interests in the Manor of Barnstaple. He remained however as lord of the manor of "Castle Court" and as part of the agreement under which he relinquished some of his rights, the Corporation was obliged to provide for him two annual "fish dinners". Later