Situated by The Gower Heritage Centre, Parkmill, Parkwood is an Ancient Ash Woodland of international importance. The woodland has thus gained status as a 'Site of Special Scientific Interest' and a 'Special Area of Conservation'.

Parkwood nestles majestic and mature oak, ash and conifer trees in its valley following the River Ilston. The ash trees grow particularly well on the limestone of Gower.

The woodland is also home to a variety of wildlife, including birds such as buzzards, woodpecker and nuthatch with pheasants during the summer months. Two species of bat have been reported at Parkwood - the Lesser and Greater Horseshoe Bat. Bats roost in crevices in trees, rocks and the nearby Cat Hole Cave; hunting for insects over the grassland in the valley and amongst the trees of the wood. Bats hibernate in the winter and it is crucial to their survival that they are not disturbed.

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