 The abbey is an Elizabethan manor house, extensively modified, originally built on the site of an Augustinian priory, Launde Priory.The original priory was founded before 1125 (in 1119 according to a modern inscription in the reception hall) by Richard Basset and his wife Matilda (née Ridel).Its revenues at the dissolution of the monasteries were £510-16-1d and payments £117-12-10d (annual value almost £400).