Should you buy a listed property? Weighing up the charm and challenges
Dreaming of owning a home brimming with history, original features, and unique character? For many, the allure of a listed property is irresistible. Read on for our guide on buying a listed property.
Before you fall for those sash windows and ornate fireplaces, it’s wise to understand exactly what buying a listed home entails. Here’s our friendly guide to help you decide if a listed property is right for you.
What defines a listed home?
A listed building is one that’s been recognised as being of special architectural or historic interest and is legally protected. The National Heritage List for England maintains the official record, and listing can cover everything from grand manor houses to humble cottages, bridges, and even garden walls. Most listed buildings are at least 30 years old, and the older the building, the more likely it is to be listed.
Grades of listing
There are three grades of listed buildings in England:
- Grade I: Buildings of exceptional interest (only about 2.5% of listed buildings).
- Grade II*:* Particularly important buildings of more than special interest.
- Grade II: Buildings of special interest, making up the majority of listings.
The grade affects what you can and cannot do to the property, with stricter controls on higher grades.
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Pros of living in a listed or period home
- Unique character: Listed homes often retain original features-think exposed beams, decorative plasterwork, and historic fireplaces-that give them a charm modern homes can’t match.
- Prestige and pride: You become a custodian of history, preserving a piece of the nation’s heritage for future generations.
- Prime locations: Many listed properties are found in desirable, established areas with a rich sense of community.
- Potential for appreciation: With their rarity and desirability, well-maintained listed homes can hold or increase their value over time.
- Spacious layouts: Period homes often offer generous room sizes, high ceilings, and larger gardens.
Considerations when living in a listed home
- Restrictions on alterations: Any changes-inside or out-usually require Listed Building Consent from your local authority. This includes extensions, window replacements, and sometimes even minor updates like satellite dishes. The process can be time-consuming and restrictive.
- Maintenance and repair costs: Older buildings often need more upkeep. Repairs may require specialist materials and skilled tradespeople, which can be costly.
- Energy efficiency: Period homes are rarely as well-insulated as modern builds, so expect higher heating bills unless you invest in sensitive upgrades.
- Insurance: Specialist insurance is usually required and can be pricier than standard policies.
- Potential legal issues: If previous owners made unauthorised changes, you could be liable for putting things right, so always check the property’s history and permissions before you buy.
Other practical tips
- Survey thoroughly: Look for signs of structural movement, damp, or unauthorised alterations. A surveyor with experience in listed buildings is essential.
- Do your research: Check the property’s listing details carefully and consult with your solicitor and surveyor to ensure everything is in order.
- Be prepared for responsibility: Owning a listed home is a commitment to preservation. If you’re not passionate about maintaining history, a modern property may suit you better.
Final Thoughts
Buying a listed property is as much a lifestyle choice as it is a financial investment. If you’re drawn to the unique charm and are ready for the responsibilities, living in a listed home can be incredibly rewarding. But it’s not for everyone-so weigh up the pros and cons, do your homework, and seek expert advice before making your decision.
If you would like to speak to one of the team at By Design about your listed home, please do get in contact with us today to see how we can help.
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