Five things to consider when buying an older or listed property in 2025
Space, build quality, adding value, works, character and restrictions — five things to weigh before buying an older or listed home.
When it comes to investing in property, there is no right or wrong — it comes down to the property type, your financial situation and what suits your circumstances. If you're looking to purchase an older home or a graded or listed property in 2025, here are five key things to consider.
1. Property size, land and build quality
With a much older property, you often get a lot more space — larger rooms, bigger gardens, even a sizeable amount of land. Older properties are typically known for better build quality, however depending on age there may be damage, movement and wear. Because of this, it's recommended to use a Level 3 RICS building survey to take a thorough look at the property and its condition.
2. Adding value
With new builds becoming more common, older properties are increasingly desirable and often come at a premium — but the potential to add value is a huge benefit. Their generous size and land make the potential to improve, extend and renovate a big opportunity. Before such a project, it's important to consider expert support.
3. Requirement of works
Some buyers are up for a challenge in terms of ongoing repairs, maintenance or rebuilds; for others, untouched convenience is ideal. A RICS survey and HomeBuyer report will tell you everything you need to know — from fine cracks to damp, mould, structural defects and movement — giving you the confidence to decide whether the requirement of work is right for you and your budget.
4. Character and charm
One thing you are guaranteed with an older, listed or graded property is character and charm in abundance — from rustic exteriors to stained glass windows, original fireplaces and brickwork. This continues to add value to a property, too.
5. Restrictions
More relevant to graded and listed properties: building and planning restrictions are something to consider. Whether the land has restrictions, the property is in a conservation area, or features need permission to alter, this can make things a lengthier process.
Older properties — do or don't?
If you're looking for a longer-term investment, aren't afraid of a bigger project and want to prioritise character, charm and space, an older property could be for you. Enlist the help of a trusted RICS surveyor to ensure you're aware of everything before completing your purchase.