EPC rating and sold prices in M26 (Bury)
In postcode district M26 (Bury), homes rated EPC C or better sold for 20% more per square metre than D–G homes (median £2,188 vs £1,829, 5,471 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 1.8% more (95% range +0.5% to +3.3%). 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 80 m² against 79 m² for D–G; the most common build period is 2012 onwards for C+ and 1900–1929 for D–G; 61% of C+ and 52% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +20% | — |
| Whole price, nothing held equal | +24.5% | +21.5% to +27.5% |
| Same floor area | +22.5% | +20.2% to +24.9% |
| + same property type | +16.2% | +14.4% to +18.1% |
| + same build period | +10.5% | +8.4% to +12.5% |
| + same year of sale | +1.8% | +0.5% to +3.3% |
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 M26
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| M26 1 | 1,729 | +14% | +0.5% | −2.0% to +3.1% |
| M26 2 | 1,051 | +30% | +3.5% ▲ | +0.2% to +6.9% |
| M26 3 | 1,205 | +7% | +2.3% | −0.1% to +4.8% |
| M26 4 | 1,486 | +33% | +3.8% ▲ | +1.1% to +6.6% |
▲ 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 M26
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 4 | too few |
| B | 706 | £2,343 |
| C | 1,894 | £2,131 |
| D | 2,282 | £1,897 |
| E | 498 | £1,631 |
| F | 62 | £1,535 |
| G | 25 | £1,159 |
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.