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?
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?
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