EPC rating and sold prices in W2 (Westminster)
In postcode district W2 (Westminster), homes rated EPC C or better sold for 1% less per square metre than D–G homes (median £13,122 vs £13,222, 4,132 sales). Like for like — same size, type, build period and year — the difference is −1.7% (95% range −3.9% to +0.5%): 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 72 m² against 76 m² for D–G; the most common build period is 2012 onwards for C+ and before 1900 for D–G; 0% of C+ and 3% 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 | −7.7% | −12.0% to −3.1% |
| Same floor area | +1.4% | −0.8% to +3.6% |
| + same property type | +3.9% | +1.7% to +6.1% |
| + same build period | −1.6% | −3.7% to +0.6% |
| + same year of sale | −1.7% | −3.9% to +0.5% |
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 W2
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| W2 1 | 616 | +36% | too few | — |
| W2 2 | 843 | −8% | −0.1% | −5.2% to +5.4% |
| W2 3 | 587 | −2% | −2.6% | −7.4% to +2.3% |
| W2 4 | 772 | 0% | +0.2% | −4.8% to +5.3% |
| W2 5 | 698 | −8% | −1.1% | −5.9% to +3.9% |
| W2 6 | 616 | −6% | −4.8% ▼ | −8.8% to −0.7% |
▲ 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 W2
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| B | 574 | £15,807 |
| C | 1,556 | £12,193 |
| D | 1,405 | £13,000 |
| E | 502 | £13,806 |
| F | 79 | £13,750 |
| G | 16 | £11,961 |
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.