EPC rating and sold prices in HR4 (Herefordshire)
In postcode district HR4 (Herefordshire), homes rated EPC C or better sold for 13% more per square metre than D–G homes (median £2,872 vs £2,549, 5,573 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 2.6% more (95% range +1.4% to +3.9%). 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 85 m² against 89 m² for D–G; the most common build period is 2012 onwards for C+ and before 1900 for D–G; 64% of C+ and 64% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +13% | — |
| Whole price, nothing held equal | +7.0% | +4.5% to +9.5% |
| Same floor area | +11.1% | +9.6% to +12.6% |
| + same property type | +11.2% | +9.9% to +12.5% |
| + same build period | +7.0% | +5.4% to +8.5% |
| + same year of sale | +2.6% | +1.4% to +3.9% |
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 HR4
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| HR4 0 | 2,127 | +12% | +0.9% | −1.1% to +2.8% |
| HR4 7 | 827 | +12% | +0.8% | −3.0% to +4.8% |
| HR4 8 | 873 | +4% | −0.9% | −4.5% to +2.8% |
| HR4 9 | 1,746 | +20% | +6.7% ▲ | +4.6% to +8.7% |
▲ 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 HR4
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 61 | £3,590 |
| B | 746 | £3,044 |
| C | 1,443 | £2,750 |
| D | 2,218 | £2,619 |
| E | 829 | £2,413 |
| F | 219 | £2,351 |
| G | 57 | £2,473 |
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.