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The "unauthorised" mural was added to the Grade II listed property without listed building consent, so could not be included in its listed status.
Most of Britain's remaining listed property companies are likely to follow suit.
It is a grade-two listed property built in the Queen Anne style in 1878.
The financial implications of the tax change are significant to anyone who owns a listed property.
They also acknowledge that owners are given little financial incentive to maintain listed property.
The listed property sits in the West Hill conservation area of Wandsworth, home to a slew of period properties.
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Photograph: Sarah Lee Savills, which sold the Grade II-listed property 9 bedroom town house, described it as: "An incredible opportunity to modernise a wonderful Grade II listed detached Italianate Villa on the most desirable southern leg of the street.
In the meantime, owner Natalie Haywood has branched out at the media arts centre, FACT, and at Oh Me Oh My, a weekday cafe in a grand, Grade II-listed property opposite Liverpool's totemic Liver Building.
Tŷ Newydd is a 16th-century, Grade II-listed property and home of former prime minister David Lloyd George – who commissioned the architect of Portmeirion, Clough Williams-Ellis, to make alterations to it.
Activist funds such as Laxey, Carrousel and QVT Financial have been trying to force a number of Aim-listed property funds to sell assets and return proceeds to shareholders.
There are 20 tutors linked to the school, whose studio is a Grade II-listed property on the edge of Porthmeor Beach, and the extensive list of courses – for both new and experienced artists – covers oil, mixed media, water-based, drawing and printmaking.
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