EPC rating and sold prices in B14 (Birmingham)
In postcode district B14 (Birmingham), homes rated EPC C or better sold for 3% less per square metre than D–G homes (median £2,500 vs £2,583, 5,802 sales). Like for like — same size, type, build period and year — the difference is +0.2% (95% range −1.7% to +2.1%): the EPC band itself is not reflected in sale prices here. 2 of 4 sectors with enough sales show a difference distinguishable from zero. Data: HM Land Registry to 30 September 2026, EPC register.
From the raw gap to like-for-like
The homes are not alike: C+ homes here have a median floor area of 80 m² against 83 m² for D–G; the most common build period is 1950–1966 for C+ and 1930–1949 for D–G; 35% of C+ and 47% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | −3% | — |
| Whole price, nothing held equal | −12.3% | −14.8% to −9.7% |
| Same floor area | −5.1% | −7.3% to −2.9% |
| + same property type | −1.9% | −4.0% to +0.3% |
| + same build period | +5.6% | +3.2% to +7.9% |
| + same year of sale | +0.2% | −1.7% to +2.1% |
The first row compares median prices per m²; the second compares whole prices; each later row adds one more thing that must be equal, ending with the like-for-like premium (regression of log price; build period from the certificate, 12 bands). The raw gap per m² and the whole-price gap differ because C+ and D–G homes differ in size.
Postcode sectors in B14
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| B14 4 | 1,817 | 0% | +0.1% | −3.5% to +3.7% |
| B14 5 | 1,187 | −9% | +5.6% ▲ | +1.8% to +9.5% |
| B14 6 | 1,461 | −7% | +1.2% | −2.3% to +4.8% |
| B14 7 | 1,337 | +6% | +5.0% ▲ | +1.9% to +8.1% |
▲ green: premium distinguishable from zero; ▼ red: discount; plain: no measurable difference. Small areas have fewer sales, so their 95% ranges are wider.
Sold prices by EPC band in B14
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 1 | too few |
| B | 168 | £2,461 |
| C | 1,113 | £2,514 |
| D | 3,213 | £2,640 |
| E | 1,090 | £2,475 |
| F | 165 | £2,326 |
| G | 52 | £2,117 |
A median is shown when a band has at least 10 sales.
How this is calculated
- Every standard sale (HM Land Registry Price Paid, category A) since January 2015 is matched to the latest energy certificate of the same address (postcode + house number or name + flat) lodged from 10 years before to 3 months after the sale; sales with no certificate or an ambiguous match are left out. Across England and Wales 92% of sales match.
- Price per m² uses the certificate's total floor area (15–1,000 m²).
- Like-for-like premium: regression of the log of price on “C or better”, log floor area, property type, the certificate's build period and the year of sale. The 95% range shows how precise the estimate is; when it includes zero, the data cannot tell the premium apart from none.
Caveats
- The band is the one on the certificate before the sale; certificates are a median 0.8 years old at the sale, but a quarter are over 4 years old and some homes were improved since.
- Condition, garden, parking, views and the exact position within the sector are not known; a premium could hide in them, or they could hide one.
- Individual sales and addresses are not shown.