EPC rating and sold prices in SO32 (Winchester)
In postcode district SO32 (Winchester), homes rated EPC C or better sold for 1% more per square metre than D–G homes (median £4,000 vs £3,964, 4,918 sales). Like for like — same size, type, build period and year — homes rated C or better sold for 3.8% less (95% range −5.5% to −2.1%). 1 of 2 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 106 m² against 110 m² for D–G; the most common build period is 2012 onwards for C+ and before 1900 for D–G; 82% of C+ and 77% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +1% | — |
| Whole price, nothing held equal | −7.4% | −10.1% to −4.6% |
| Same floor area | −0.7% | −2.1% to +0.8% |
| + same property type | −2.6% | −3.9% to −1.2% |
| + same build period | −1.1% | −3.0% to +0.8% |
| + same year of sale | −3.8% | −5.5% to −2.1% |
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 SO32
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| SO32 1 | 1,568 | +12% | −0.8% | −3.3% to +1.7% |
| SO32 2 | 2,980 | −1% | −3.2% ▼ | −5.4% to −0.9% |
| SO32 3 | 370 | −1% | too few | — |
▲ 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 SO32
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 150 | £4,051 |
| B | 2,056 | £4,023 |
| C | 1,023 | £3,861 |
| D | 1,124 | £3,939 |
| E | 384 | £4,034 |
| F | 153 | £3,873 |
| G | 28 | £4,404 |
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.