EPC rating and sold prices in SM7 (Reigate and Banstead)
In postcode district SM7 (Reigate and Banstead), homes rated EPC C or better sold for 4% less per square metre than D–G homes (median £5,074 vs £5,290, 3,000 sales). Like for like — same size, type, build period and year — the difference is −0.4% (95% range −2.0% to +1.2%): the EPC band itself is not reflected in sale prices here. 0 of 3 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 86 m² against 108 m² for D–G; both groups are most often built in 1930–1949; 44% of C+ and 78% 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 | −14.3% | −17.3% to −11.2% |
| Same floor area | −4.7% | −6.4% to −3.0% |
| + same property type | +4.3% | +2.7% to +5.9% |
| + same build period | +2.4% | +0.6% to +4.3% |
| + same year of sale | −0.4% | −2.0% to +1.2% |
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 SM7
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| SM7 1 | 1,064 | −3% | +2.2% | −0.7% to +5.1% |
| SM7 2 | 1,239 | −2% | −0.9% | −3.4% to +1.6% |
| SM7 3 | 697 | −7% | −2.3% | −5.4% to +1.0% |
▲ 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 SM7
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 2 | too few |
| B | 224 | £5,260 |
| C | 764 | £5,059 |
| D | 1,409 | £5,302 |
| E | 519 | £5,273 |
| F | 73 | £5,238 |
| G | 9 | too few |
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.