#27 Why invest in Grade II listed properties?

Is it Worth Investing in a Listed Property?

Investing in listed properties offers a unique buy-to-let opportunity, allowing investors to own a piece of history and serve as custodians of culturally significant buildings. These properties, with their historical charm and character, attract many investors. However, the additional rules and regulations associated with listed buildings can be daunting for some.

These regulations aim to protect and conserve the building, rather than completely restrict any modifications. With the proper effort and time, refurbishing a dilapidated listed building can yield significant rewards for investors.

What Are Listed Buildings?

Listed buildings are properties of special historical and cultural importance, protected to limit alterations and preserve their heritage for future generations. There are three categories of listed buildings:

- Grade I: Buildings of exceptional interest.

- **Grade II*:** Buildings of more than special interest.

- Grade II: Buildings of special interest.

Most listed buildings are historic, but some modern structures have also been designated. Almost any structure, including churches, bridges, castles, and telephone boxes, can be listed.

When a building receives listed status, alterations cannot be made without special permission from the local planning authority. Even when alterations are permitted, owners must adhere to specific rules, such as using particular materials or techniques.

Although renovating a listed building may take longer and involve extra paperwork and costs, it is entirely possible. This potential is why many buy-to-let properties for sale are listed buildings that have been renovated into modern, luxurious apartments.

The Mill, Osmaston

Why the Mill?

The Mill is a characterful selection of apartments. A Old Mill converted into modern, new homes, located in a prime position of Derby. An imposing, iconic 1890's Victorian Mill consisting of 70, one and two-bedroom apartments. The Mill at Osmaston offers owners all the heritage and individualistic design features of a traditional building, with all of the convenience and connectivity of a modern fitted property. To be converted in 2024 into executive 1 and 2 beds with a target rental yields of 7%.

Derby is home to the global headquarters of Rolls Royce, Toyota, Bombardier, and the UK's largest cluster of rail companies. Derby is the city of choice for businesses wanting to thrive. With the Rolls Royce HQ just a 6 minute drive.

Population - This rising population is highlighting the potential of Derby property going forward as well. JLL suggests that Derby could see property values increase by 17.5% by 2026.

Infrastructure - It lies at the heart of the UK's road and rail network which offers direct daily services to London St.

Pancras. Only 26 minutes to Nottingham on the train. The area also has one of the lowest employment rates in the UK of 2.6%.

Employment - Global headquarters of Rolls Royce, Toyota, Bombardier. With a average salary highest in the UK outside of London due to the highly skilled work force.

Meaning quality, professional tenants.

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