Listed homes are usually worth around 50% more than unlisted ones, but there are often extra hidden costs and damages that buyers should be cautious of.
Sharing his insight into the nooks and crannies of the property market, Black Brick Buying Agent Tom Kain advises in The Times this week that buyers looking at listed properties should always be wary of undisclosed building consent regulations before buying anything.
“It is a case of buyer beware when understanding how they have been updated,” he said. To avoid an unexpected bill, Kain recommends asking a surveyor to compare the building with the listing description and commissioning a heritage consultant report that outlines whether enforcement is likely and gives an idea of the costs involved.
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