Historic homes
The Great
British love
affair
In Britain, we are proud of properties that possess
historical and architectural interest. Such gems hold
‘value’ in a wide range of respects, and in terms of the
market can increase the premium on properties nearby
any of us celebrate those classified as Grade II* listed – ‘particularly
M
buildings that possess important buildings of more than special
unusual architectural merit, interest’ and with tighter controls over
but not many people know modifications permitted to their fabric and
that this status adds value appearance. The very highest classification,
not only to the specific Grade I, is described as being ‘of exceptional
property but to others nearby, too. Research by interest’. Only just over one per cent of listed
Savills shows that locations that contain large properties are Grade I listed and they are strictly
numbers of listed buildings have average house protected against insensitive modernisation.
prices that are at least 30 per cent higher than Almost half of them are Church of England
other localities, and the more listed buildings parish churches.
there are, the larger the premium becomes.
“In those few locations with more than one Protecting our heritage
listed building for every five houses, that typical All buildings constructed before 1700, which
premium approaches 40 per cent,” says Lucian survive in original or near-original condition, are
Cook of Savills Residential Research. automatically listed, as are most built between
There are some 500,000 listed buildings in the 1700 and 1840. After that date the criteria for
UK, well over 90 per cent of which are Grade II listing becomes tighter with time – for example,
listed , described as ‘of special interest, post-1945 buildings have to be exceptionally
warranting every effort to preserve them’, in the important in order to be listed.
words of conservation body English Heritage. Savills’ research shows that the boost in value
They are often found in conservation areas in that comes with listing applies not only to the
villages, country towns and ‘old centres’ of cities. specific building but also to the neighbourhoods
Some four per cent of listed buildings are in which ‘clusters’ of listed properties exist. In
12 savills ultimate property collection
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