EPC rating and sold prices in M25 (Bury)
In postcode district M25 (Bury), homes rated EPC C or better sold for 16% more per square metre than D–G homes (median £2,948 vs £2,537, 4,930 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 3.7% more (95% range +1.9% to +5.4%). 2 of 5 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 90 m² for D–G; the most common build period is 2012 onwards for C+ and 1930–1949 for D–G; 55% of C+ and 67% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +16% | — |
| Whole price, nothing held equal | +5.9% | +2.9% to +8.9% |
| Same floor area | +12.6% | +10.5% to +14.7% |
| + same property type | +16.2% | +14.1% to +18.3% |
| + same build period | +10.9% | +8.6% to +13.4% |
| + same year of sale | +3.7% | +1.9% to +5.4% |
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 M25
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| M25 0 | 918 | +11% | +4.1% | −0.3% to +8.7% |
| M25 1 | 1,534 | +15% | +4.0% ▲ | +1.3% to +6.7% |
| M25 2 | 417 | +17% | +2.0% | −2.3% to +6.5% |
| M25 3 | 766 | +8% | +3.0% | −1.5% to +7.7% |
| M25 9 | 1,295 | +24% | +3.4% ▲ | +0.1% to +6.8% |
▲ 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 M25
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 1 | too few |
| B | 478 | £3,223 |
| C | 1,065 | £2,793 |
| D | 2,477 | £2,621 |
| E | 763 | £2,358 |
| F | 123 | £2,204 |
| G | 23 | £2,258 |
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.