EPC rating and sold prices in WR14 (Malvern Hills)
In postcode district WR14 (Malvern Hills), homes rated EPC C or better sold for 7% more per square metre than D–G homes (median £3,000 vs £2,809, 6,268 sales). Like for like — same size, type, build period and year — the difference is −0.6% (95% range −2.1% to +0.8%): the EPC band itself is not reflected in sale prices here. 1 of 4 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 91 m² for D–G; the most common build period is 2012 onwards for C+ and before 1900 for D–G; 57% of C+ and 76% of D–G sales are detached or semi-detached houses.
| Comparing C+ with D–G homes… | Difference | 95% range |
|---|---|---|
| Raw gap per m² (medians) | +7% | — |
| Whole price, nothing held equal | −2.9% | −5.2% to −0.5% |
| Same floor area | +4.1% | +2.5% to +5.6% |
| + same property type | +7.8% | +6.3% to +9.2% |
| + same build period | +4.5% | +2.7% to +6.3% |
| + same year of sale | −0.6% | −2.1% to +0.8% |
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 WR14
| Sector | Sales | Raw gap | Like-for-like | 95% range |
|---|---|---|---|---|
| WR14 1 | 2,384 | +1% | −2.6% ▼ | −4.7% to −0.4% |
| WR14 2 | 1,453 | +8% | +2.4% | −0.1% to +5.0% |
| WR14 3 | 1,311 | +17% | −2.4% | −6.4% to +1.8% |
| WR14 4 | 1,120 | +7% | +1.1% | −2.3% to +4.6% |
▲ 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 WR14
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| A | 143 | £3,592 |
| B | 803 | £3,109 |
| C | 1,534 | £2,872 |
| D | 2,607 | £2,877 |
| E | 961 | £2,716 |
| F | 187 | £2,500 |
| G | 33 | £2,257 |
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.