How to buy a grade II listed building

By Andy Duarte Insurance Advisor

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Are you considering buying a grade II listed building? We know it can be an exciting yet daunting prospect – which is exactly why we created this expert guide. It will give you all the guidance you need whilst helping you to navigate the research and process of buying a period property.

With this valuable knowledge you’ll be sure to have a much smoother property purchasing experience.

1. Research your listed property buying options

Before committing to any listed property, it’s important to do some research into what options are available in your area. Look at different types of buildings, such as terraced houses or converted warehouses and compare prices, so you have a good idea of the budget you’ll need for each type of property.

You should also consider factors such as location and accessibility when making your decision – these will all affect your property value over time. Additionally, if there are any restrictions on development due to its period listing status, be aware this could also impact whether it’s suitable for your needs or not.

2. Understanding the period property listing status

It’s essential you understand exactly what being ‘grade II listed’ means before purchasing a building with this designation. You’ll want to ensure you avoid any unexpected costs later down the line because of certain “hidden” facts you didn’t know about.

These extra costs can place additional strain on your finances as well as impacting timelines for any potential renovations/refurbishments etc.

Generally speaking, grade II listings mean that certain features must remain intact (such as original windows), while other changes may require permission from local authorities prior to implementation (in the form of listed building consent) – understanding these rules ahead of time will save headaches further down the road.

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3. Get professional listed property advice

When investing in something as significant as property, it pays to get professional advice from experts who know their field. Whether it’s advice on the property build and architecture style or insuring listed properties, the experts can provide invaluable insight.

With their knowledge you can avoid any potential pitfalls associated with particular buildings, or areas which would otherwise go unnoticed by the non-expert. By leveraging expertise, you’re less likely to end up paying more than necessary for repairs/renovations required after you purchase.

4. Hire a specialist period property surveyor and solicitor

Once you’ve found the perfect grade II listed building to buy, it’s important you hire professionals who specialise in surveying historic properties and solicitors experienced in handling legal issues related to these property types. Having someone knowledgeable look over everything thoroughly before signing paperwork ensures no nasty surprises after contracts become binding.

Also, obtaining independent reports regarding structural integrity etc., will give you more peace of mind because you’ll be much clearer on the longevity of your investment.

If you’ve found what you’ve read helpful, we wish you every success on your journey to buying a grade II listed building.

Abode Insurance are listed buildings insurance specialists – call us today on 01622 476433 for any questions regarding insurance cover for your listed property.

Live with character. Insure with confidence.

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Abode is a trading name of Howden UK Brokers Limited, which is authorised and regulated by the Financial Conduct Authority No. 307663. Registered in England and Wales under company registration number 02831010. Registered Office: One Creechurch Place, London, EC3A 5AF. Calls may be monitored and recorded for quality assurance purposes.