EPC rating and sold prices in SO21 (Winchester)
In postcode district SO21 (Winchester), homes rated EPC C or better sold for 4% less per square metre than D–G homes (median £4,177 vs £4,350, 2,651 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 2.8% less (95% range −5.2% to −0.3%). 1 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 107 m² against 116 m² for D–G; the most common build period is 2012 onwards for C+ and 1950–1966 for D–G; 71% of C+ and 75% 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 | −11.1% | −15.0% to −7.1% |
| Same floor area | −5.5% | −7.4% to −3.7% |
| + same property type | −4.1% | −5.8% to −2.4% |
| + same build period | −0.3% | −2.9% to +2.4% |
| + same year of sale | −2.8% | −5.2% to −0.3% |
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 SO21
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| SO21 1 | 1,104 | −8% | −6.8% ▼ | −11.1% to −2.4% |
| SO21 2 | 681 | −2% | −0.9% | −4.9% to +3.3% |
| SO21 3 | 866 | −2% | −2.6% | −5.6% to +0.4% |
▲ 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 SO21
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 15 | £4,474 |
| B | 343 | £4,184 |
| C | 735 | £4,167 |
| D | 1,035 | £4,333 |
| E | 380 | £4,312 |
| F | 112 | £4,628 |
| G | 31 | £4,463 |
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.