EPC rating and sold prices in SW1V (Westminster)
In postcode district SW1V (Westminster), homes rated EPC C or better sold for 4% less per square metre than D–G homes (median £11,389 vs £11,912, 1,511 sales). Like for like — same size, type, build period and year — the difference is +0.6% (95% range −1.8% to +3.1%): 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 62 m² against 72 m² for D–G; both groups are most often built before 1900; 0% of C+ and 0% 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 | −18.8% | −23.3% to −14.1% |
| Same floor area | −5.1% | −7.7% to −2.3% |
| + same property type | −3.5% | −6.2% to −0.6% |
| + same build period | −0.1% | −2.5% to +2.4% |
| + same year of sale | +0.6% | −1.8% to +3.1% |
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 SW1V
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| SW1V 1 | 155 | −8% | too few | — |
| SW1V 2 | 478 | −8% | −0.9% | −5.3% to +3.7% |
| SW1V 3 | 375 | −5% | −0.2% | −4.2% to +3.8% |
| SW1V 4 | 503 | +1% | −0.7% | −5.1% to +4.0% |
▲ 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 SW1V
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 1 | too few |
| B | 44 | £11,351 |
| C | 626 | £11,392 |
| D | 651 | £11,765 |
| E | 156 | £12,011 |
| F | 26 | £12,982 |
| G | 7 | 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.