Period properties with unique architectural details and old-world charm have become increasingly popular rental options in recent years. From converted barns to Victorian terraced houses, more landlords are taking advantage of the demand for historically significant homes. Renting out period properties, whether as short-term lets or longer tenancies, can be highly profitable if managed properly.
However, these older homes require careful maintenance and a thorough understanding of their vulnerabilities compared to modern constructions. Before listing a period property for rent, landlords need to educate themselves on important differences compared to contemporary homes. Here are a few key considerations for landlords seeking to rent out historic homes while maintaining their unique character.
Navigating Heritage: Period Homes vs Listed Properties
In the realm of historic and architecturally significant properties in the UK, the terms “period home” and “listed property” are often used interchangeably, but each carries distinct implications for owners and tenants. Understanding the differences between these two classifications is crucial when engaging with the rich tapestry of Britain’s architectural history.
What is a Period Home?
A period home refers broadly to a property that was constructed during a specific historical period, typically before the First World War. These homes showcase the architectural styles prevalent during their respective eras, such as Tudor, Georgian, Victorian or Edwardian.
While period homes often possess unique and charming features indicative of their historical context, such as historic windows, fireplaces, coving and cornicing, and other irreplaceable architectural details that require preservation they don’t necessarily come with specific legal protections or restrictions.
Owners of period homes have greater flexibility when it comes to making modifications, renovations or alterations to the property. This freedom allows for modernisation and customisation without the stringent regulations that listed properties might encounter. However, maintaining the property’s historical integrity is often a priority for owners and enthusiasts who appreciate the charm and character associated with these homes.
What is a Listed Property?
A listed property goes a step further in terms of historical significance and legal protection. In the UK, properties deemed of special architectural or historic interest can be “listed” by Historic England (in England), Historic Environment Scotland (in Scotland), Cadw (in Wales), or the Northern Ireland Environment Agency (in Northern Ireland). Listings are categorised into three grades:
- Grade I: Buildings of exceptional interest.
- Grade II:* Particularly important buildings of more than special interest.
- Grade II: Buildings of national importance and special interest.
Being listed imposes legal restrictions on what owners can and cannot do with the property. Any alterations, renovations and restorations that may affect the building’s character require listed building consent. This stringent oversight aims to safeguard the historical and architectural significance of the property for future generations. It pays to always work with experienced professionals for restorations to ensure they’re carried out with the greatest of care and attention.
What are the Key Differences?
- Legal Protections: While both period homes and listed properties may boast historical features, listed properties have legal protections in place, making alterations subject to official consent.
- Flexibility: Owners of period homes have more flexibility in making changes to their properties, whereas listed property owners must navigate a more regulated environment.
- Recognition: A period home is recognised for its architectural style from a particular era, while a listed property is officially acknowledged for its historical or architectural importance.
A Guide to Architectural Eras
Renting out period homes can be a unique and rewarding venture, as these properties often boast distinctive features that attract tenants seeking a blend of history and charm. Period properties in the UK showcase various architectural styles that have evolved over the centuries. Let’s explore some common periods and their defining characteristics:
Tudor: 1485 – 1603
Tudor properties exude a cosy and historical charm, characterised by distinctive wooden beams, white plasterwork and thatched roofs. Originating at the end of the mediaeval period, Tudor homes often feature a mix of new innovations and traditional elements.
Georgian: 1714 – 1830
During the Georgian period, architectural styles showcased proportionally-sized rooms with tall windows. Notable features include the spacious layout, with the first and second storeys typically occupied by the owner’s family, while staff lived on the higher levels.
Victorian: 1837 – 1901
Under Queen Victoria’s rule, the Victorian era witnessed a housing boom, resulting in the construction of recognisable properties with bay windows, large porches and turrets. Victorian homes remain popular due to their well-built features and practical layouts. The industrial revolution influenced construction, leading to the prevalence of terraced housing.
Edwardian: 1901 to 1910
The relatively short Edwardian period coincided with a housing boom, resulting in the construction of houses that line modern streets today. Architects sought to break away from the darker designs of the previous century, introducing multi-paned sash windows, large patio doors and high ceilings to enhance natural light. Edwardian houses combine traditional elements with a modern touch, offering well-designed and airy spaces.
Understanding the distinct features of each period property is crucial when renting them out. This knowledge not only helps in marketing the properties effectively but also ensures that tenants appreciate and preserve the unique historical elements that come with living in a period home.
Differences Between Modern and Period Homes
There are several key distinctions between period and contemporary properties that landlords need to be aware of.
Period buildings will typically have solid wall construction of stone, brick or timber framing compared to the contemporary cavity wall or framed construction used today. Solid wall construction can often affect insulation, damp prevention and renovation methods, so landlords need to be aware that renovations to combat these issues may be necessary.
The layout of a period home will also vary from modern homes. Period homes often have unique floor plans with smaller, choppier room layouts reflecting life in earlier eras. Modern homes lean to more open floor plans with larger, more uniform room layouts.
Dimensions and Utilities:
Period home ceiling heights are lower, whilst hallways and doorways are narrower, which can be less appealing. Older plumbing, electrical, heating and other systems will likely need upgrading to meet current standards too, as tenants will require up-to-date heating systems and hot water on demand.
Traditional materials like lime plaster, stone, slate and cast iron were frequently used in older construction and require particular care. Modern replacements don’t always work well, so landlords will likely need to take this into account when making repairs or updating the property ready for tenants moving in.
While historic planning regulations apply to listed buildings and conservation areas, period designs may not meet current building regulations. It’s worth investing in the advice and expertise of professionals who specialise in period properties to make the right decisions when carrying out updates.
Being aware of these differences allows landlords to better evaluate maintenance needs, make appropriate improvements, and protect the heritage of their period property investment.
Maintaining and Protecting a Period Property as a Rental
Owning and renting out a period property comes with its own set of responsibilities, especially when it comes to preserving the unique charm and historical features. Here are a few essential tips to ensure the longevity and appeal of your period property rental.
Provide tenants with information on the historical significance of the property and guidelines on its care, as certain elements of the property maintenance will be their responsibility. Educating tenants about the unique features and the importance of their preservation fosters a sense of pride and responsibility among occupants. You should also encourage them to report any issues promptly and to treat the property with care to ensure its preservation for future generations.
When it comes to filling vacancy periods, carry out careful tenant checks to ensure those living in the property are respectful of the differences between an older home and a modern rental, as this will go a long way to protecting your property from damage and neglect.
Regular Inspections and Maintenance
Conduct regular inspections to identify any potential issues before they become more difficult to fix. Period homes often feature unique materials and construction methods that may require specialised attention, so addressing problems promptly can prevent them from escalating into costly repairs.
Preserve Original Features
Part of the charm of renting out a period home is the character it offers compared to a modern build. For this reason, it’s essential to retain and protect the original features that make the property special. Whether it’s intricate woodwork, stained glass windows or ornate fireplaces, preserving these elements adds value to the property and enhances its historical appeal.
Install Sensitive Upgrades
When making upgrades or renovations, choose materials and designs that complement the period style you’re working with. Ensure any modern additions seamlessly integrate with the existing architecture, maintaining the property’s authenticity while still providing tenants with a comfortable living space that aligns with modern conveniences.
Tenants seeking period homes to let will no doubt be understanding that an older home won’t meet the same standards as a new build, but they’ll still need the property to be up to code and compliant with regulations for their own health and safety.
Choose Historically Appropriate Colours
Be mindful of the colour palette you choose when repainting. Research historically accurate colours for the era of your property and use them to maintain the authenticity of the home while still giving it a fresh update. This simple step can significantly enhance its overall aesthetic.
Obtain the Right Insurance Coverage
Landlords should pay close attention to their insurance coverage regardless of the property’s age, but especially when a period property is involved. Ensure your insurance policy adequately covers the unique aspects of a period property. In the event of unforeseen events, having specialised coverage can make the difference in restoring the property to its original state.
Enlist Professional Restoration Services
When major restoration work is needed or you need to carry out repairs, enlist the services of professionals experienced in working with period properties. The DIY approach may work in some cases, but preserving the history and character of an older build requires expert guidance. Their expertise ensures that renovations are conducted with respect for the property’s historical integrity, with the right materials and techniques.
By incorporating these tips into your property management approach, you not only protect the unique features that make your period property special but also create a sustainable and desirable rental that stands the test of time.
Listing a Period Property for Rent
When preparing to list a period property as a rental, landlords should thoroughly research the local market to determine competitive pricing and highlight the home’s unique historic features as a marketing advantage.
Make sure that your listing discloses any known maintenance issues, necessary updates or unusual layouts and features so tenants know what to expect. It’s also important to carefully photograph architectural details like cornices, bannisters, fireplaces or stained glass to attract tenants who will appreciate heritage charms and quirks of older buildings. Prepare an information manual for prospective tenants explaining proper care and maintenance of older building materials and systems, and outlining what falls under their responsibility and what you’ll take care of as the owner.
With the proper prep work and marketing, landlords can find qualified renters willing to pay premium pricing for the experience of living in a preserved historic home. Emphasising historic provenance while setting appropriate expectations can make listing a period property a commercially smooth and successful process.
Profit, Preservation and Success
Renting out period properties offers landlords the opportunity to profit from the growing demand for historic homes with unique vintage appeal. However, managing these older properties requires diligent maintenance, repair and restoration to protect their heritage while making them safe, functional rentals.
By understanding key differences from modern construction, working with specialised preservation professionals and educating tenants on proper care, period homes can be successfully adapted as rental investments. With extra research, caution and preventative maintenance, landlords can preserve these one-of-a-kind properties to rent for years to come.