EPC rating and sold prices in CR4 (Merton)
In postcode district CR4 (Merton), homes rated EPC C or better sold for 6% more per square metre than D–G homes (median £5,227 vs £4,911, 5,281 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 3.6% more (95% range +2.3% to +5.0%). 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 67 m² against 81 m² for D–G; the most common build period is 2012 onwards for C+ and 1930–1949 for D–G; 5% of C+ and 12% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +6% | — |
| Whole price, nothing held equal | −7.1% | −8.9% to −5.2% |
| Same floor area | +1.6% | +0.2% to +3.0% |
| + same property type | +6.8% | +5.5% to +8.2% |
| + same build period | +6.6% | +5.1% to +8.1% |
| + same year of sale | +3.6% | +2.3% to +5.0% |
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 CR4
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| CR4 1 | 1,430 | +3% | +3.1% ▲ | +0.9% to +5.4% |
| CR4 2 | 1,260 | +13% | +5.2% ▲ | +2.4% to +8.1% |
| CR4 3 | 1,405 | +5% | +1.0% | −1.3% to +3.5% |
| CR4 4 | 1,186 | +8% | +0.3% | −2.2% to +2.9% |
▲ 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 CR4
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 11 | £7,240 |
| B | 438 | £5,245 |
| C | 1,616 | £5,223 |
| D | 2,422 | £5,000 |
| E | 664 | £4,661 |
| F | 100 | £4,600 |
| G | 30 | £4,809 |
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.