EPC rating and sold prices in GL51 (Cheltenham)
In postcode district GL51 (Cheltenham), homes rated EPC C or better sold for 1% more per square metre than D–G homes (median £3,210 vs £3,171, 8,838 sales). Like for like — same size, type, build period and year — the difference is +0.6% (95% range −0.5% to +1.8%): the EPC band itself is not reflected in sale prices here. 1 of 7 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 78 m² against 83 m² for D–G; the most common build period is 2012 onwards for C+ and 1950–1966 for D–G; 45% of C+ and 66% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +1% | — |
| Whole price, nothing held equal | −4.0% | −5.9% to −2.1% |
| Same floor area | +1.1% | −0.2% to +2.3% |
| + same property type | +6.1% | +4.9% to +7.4% |
| + same build period | +4.4% | +3.1% to +5.8% |
| + same year of sale | +0.6% | −0.5% to +1.8% |
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 GL51
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| GL51 0 | 1,778 | 0% | −0.2% | −2.0% to +1.7% |
| GL51 3 | 1,917 | 0% | −0.1% | −1.8% to +1.6% |
| GL51 4 | 341 | +8% | +3.2% | −2.4% to +9.1% |
| GL51 6 | 1,581 | +8% | −0.4% | −3.1% to +2.4% |
| GL51 7 | 896 | −3% | +3.0% | −0.7% to +6.7% |
| GL51 8 | 1,425 | +10% | +0.3% | −2.6% to +3.2% |
| GL51 9 | 900 | +6% | +2.8% ▲ | +0.1% to +5.7% |
▲ 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 GL51
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 31 | £4,348 |
| B | 878 | £3,233 |
| C | 3,032 | £3,195 |
| D | 3,759 | £3,232 |
| E | 938 | £2,988 |
| F | 169 | £2,809 |
| G | 31 | £2,768 |
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.