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Depends whether it's structurally sound and what you'd want to do with it, if anything.
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We bought a grade II listed house with bits dating back to 15th century. Bad condition, hence affordable. Not sure yet if it was an awful mistake, but we are now spending almost as much as the purchase price on sorting out its problems (rotting timber frame, collapsing mud walls etc) and having a complete nightmare with an idiot conservation officer at the council. I’d say avoid it if you can.
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Depends on your plans and whether you wish to do any form of renovations/extension/building works. It also depends on the reasons for the listing (can be found on Historic England) and your Local Authority's aversion to proposed changes (look up simial applications to listed buildings in your area).
Generally speaking, it will be a thunderous PITA and you will bemoan it for the full duration of any proposed changes. It is likely that you will spend considerably more, and end up with considerably less than you originally wanted as well.
Having worked on numerous grade II and grade II* listed buildings, I do not think I would ever entertain buying one.
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Brommers
Ludd
EstelleGetty
@6pt
Thread-relevant chat time: people who’ve bought listed properties (Grade II only, no * or I trickiness), talk to me. Is it a huge mistake?