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How much does listed status add to value

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  • editha
    started a topic How much does listed status add to value

    How much does listed status add to value

    I'm interested in purchasing a property in the West Midlands which is listed. It is a small Victorian lodge of architectural interest. It is unique in the area, which otherwise consists of bog-standard pre-war redbrick dwellings. It has one other unique feature, which is a very large garden of a quarter acre. It is on the market for £250,000. In comparison, a two bed bungalow in the same area, with only slightly less internal space, but less need for updating, and a good sized garden, is on the market for £176,000.

    This listed building strikes me as overvalued. Does anyone have a view on how much should be added to the value of a property for listed status?

  • Trades MASTER
    replied
    Re: How much does listed status add to value

    there is no extra value to a listed status no matter where the property is.

    Leave a comment:


  • IFA
    replied
    Re: How much does listed status add to value

    I would be interested in knowing what the agent's explanation would be if you asked them why they believe that a listed building is more valuable.

    I suspect that their answer would be nothing more than a load of meaningless waffle.

    Leave a comment:


  • New Homes Expert
    replied
    Re: How much does listed status add to value

    They will say ANYTHING to justify a higher market price!

    Leave a comment:


  • editha
    replied
    Re: How much does listed status add to value

    Actually, I've already owned a listed building. I had no problems, so I'm not put off by the listed status. That was in London, and I'd agree that listing there, where there are so many listed buildings, probably does not add value. However, the house I'm interested in now, in the West Midlands, is one of very few listed buildings in the area, and the estate agent appears to believe that the listing adds value.

    Leave a comment:


  • Dan S
    replied
    Re: How much does listed status add to value

    Hi Editha

    New Homes Expert and Trades Master are absolutely right. Stay clear!

    Leave a comment:


  • Trades MASTER
    replied
    Re: How much does listed status add to value

    I agree there is no real value to it being listed only the psycological effect it has on some people they see it as being superior to other house's, and yes you can be limited to what you can do with some you will have english heritage on your back every tine you want do make any changes.

    Leave a comment:


  • New Homes Expert
    replied
    Re: How much does listed status add to value

    Listed status does not necessarily add value. Except that listed homes are often in desirable locations - a different matter.

    It comes with extra burdens and restrictions that unlisted homes dont have.
    So the listed "charm" comes at a price!

    I would not buy a listed property - ever!

    Leave a comment:

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