EPC rating and sold prices in M34 (Tameside)
In postcode district M34 (Tameside), homes rated EPC C or better sold for 16% more per square metre than D–G homes (median £2,500 vs £2,163, 7,692 sales). Like for like — same size, type, build period and year — the difference is −0.1% (95% range −1.3% to +1.1%): the EPC band itself is not reflected in sale prices here. 1 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 77 m² against 78 m² for D–G; the most common build period is 2012 onwards for C+ and 1930–1949 for D–G; 58% of C+ and 62% 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 | +13.9% | +11.8% to +16.0% |
| Same floor area | +13.4% | +11.7% to +15.1% |
| + same property type | +15.1% | +13.6% to +16.7% |
| + same build period | +7.3% | +5.5% to +9.1% |
| + same year of sale | −0.1% | −1.3% to +1.1% |
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 M34
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| M34 2 | 1,793 | +7% | +2.1% ▲ | 0.0% to +4.3% |
| M34 3 | 1,672 | +23% | −0.2% | −2.5% to +2.2% |
| M34 5 | 2,402 | +22% | +0.1% | −2.2% to +2.4% |
| M34 6 | 746 | +7% | +0.9% | −2.6% to +4.5% |
| M34 7 | 1,079 | +4% | −2.6% | −5.3% to +0.3% |
▲ 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 M34
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 17 | £3,118 |
| B | 908 | £2,667 |
| C | 1,891 | £2,377 |
| D | 3,793 | £2,231 |
| E | 915 | £2,000 |
| F | 137 | £1,852 |
| G | 31 | £1,700 |
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.