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Depends how much you want to modify it, as basically you have to get sign off on anything you modify structurally as far as I understand. (My friends owned 2/3 of a former terrace of grade 2 listed cottages, then bought the final one and knocked them through into one - they had to leave a staircase in, even though it was blanked off at top and bottom).
andyp
Has anyone ever bought a listed property? A nice place has come up, but is grade 2 listed and before I get too far into looking into it thought I'd check to see if it's something best to avoid.