EPC rating and sold prices in GU15 (Surrey Heath)
In postcode district GU15 (Surrey Heath), homes rated EPC C or better sold for 4% less per square metre than D–G homes (median £4,044 vs £4,213, 5,465 sales). Like for like — same size, type, build period and year — the difference is −0.5% (95% range −1.6% to +0.6%): the EPC band itself is not reflected in sale prices here. 1 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 82 m² against 100 m² for D–G; the most common build period is 2012 onwards for C+ and 1967–1975 for D–G; 43% of C+ and 71% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | −4% | — |
| Whole price, nothing held equal | −15.4% | −17.9% to −12.9% |
| Same floor area | −5.3% | −6.5% to −4.2% |
| + same property type | +2.5% | +1.4% to +3.6% |
| + same build period | +1.6% | +0.4% to +2.7% |
| + same year of sale | −0.5% | −1.6% to +0.6% |
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 GU15
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| GU15 1 | 1,627 | −3% | −1.7% | −3.3% to +0.1% |
| GU15 2 | 1,590 | −5% | +0.7% | −1.5% to +2.8% |
| GU15 3 | 1,583 | −3% | +2.8% ▲ | +0.5% to +5.2% |
| GU15 4 | 665 | 0% | −2.5% | −5.5% to +0.6% |
▲ 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 GU15
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 7 | too few |
| B | 533 | £3,946 |
| C | 1,962 | £4,079 |
| D | 2,273 | £4,242 |
| E | 599 | £4,136 |
| F | 77 | £3,871 |
| G | 14 | £3,807 |
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.