EPC rating and sold prices in B23 (Birmingham)
In postcode district B23 (Birmingham), homes rated EPC C or better sold for 11% more per square metre than D–G homes (median £2,144 vs £1,930, 5,351 sales). Like for like — same size, type, build period and year — the difference is −0.6% (95% range −2.7% to +1.4%): the EPC band itself is not reflected in sale prices here. 0 of 3 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 75 m² against 81 m² for D–G; the most common build period is 2012 onwards for C+ and 1930–1949 for D–G; 38% of C+ and 41% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +11% | — |
| Whole price, nothing held equal | +1.6% | −0.9% to +4.3% |
| Same floor area | +8.1% | +6.0% to +10.2% |
| + same property type | +11.4% | +9.5% to +13.3% |
| + same build period | +3.6% | +1.0% to +6.1% |
| + same year of sale | −0.6% | −2.7% to +1.4% |
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 B23
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| B23 5 | 2,044 | +8% | +0.7% | −1.8% to +3.2% |
| B23 6 | 1,482 | +5% | +2.1% | −1.9% to +6.3% |
| B23 7 | 1,825 | 0% | −3.4% | −7.0% to +0.4% |
▲ 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 B23
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 1 | too few |
| B | 425 | £2,295 |
| C | 1,032 | £2,065 |
| D | 2,545 | £2,018 |
| E | 1,082 | £1,789 |
| F | 197 | £1,692 |
| G | 69 | £1,625 |
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.