Does a C-or-better EPC sell for more in SO23 8 (Winchester)?
No measurable EPC premium here. In postcode sector SO23 8 (Winchester), comparing like with like — same floor area, property type, build period and year of sale — the difference is −2.3% (95% range −6.8% to +2.4%): the EPC band itself is not reflected in sale prices here. The raw gap is bigger: C+ homes sold for 4% less per square metre than D–G homes (median £5,103 vs £5,319, 539 sales 2015–2026), mostly because they are different homes. Across England and Wales the like-for-like figure is +1.2%. Data: HM Land Registry Price Paid to 30 September 2026 matched to the EPC register.
From the raw gap to like-for-like
The homes are not alike: C+ homes here have a median floor area of 76 m² against 84 m² for D–G; the most common build period is 1996–2002 for C+ and before 1900 for D–G; 3% of C+ and 5% 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 | −11.3% | −19.1% to −2.7% |
| Same floor area | −4.5% | −9.0% to +0.2% |
| + same property type | +0.7% | −3.7% to +5.3% |
| + same build period | −1.7% | −6.2% to +3.0% |
| + same year of sale | −2.3% | −6.8% to +2.4% |
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.
Sold prices by EPC band in SO23 8
| EPC band (last certificate before sale) | Sales | Median £ per m² |
|---|---|---|
| B | 51 | £4,820 |
| C | 189 | £5,306 |
| D | 230 | £5,334 |
| E | 60 | £5,183 |
| F | 7 | too few |
| G | 2 | too few |
A median is shown when a band has at least 10 sales.
C or better vs D–G, by property type
| Type | C+ sales | C+ £/m² | D–G sales | D–G £/m² |
|---|---|---|---|---|
| Detached | 5 | — | 6 | — |
| Semi-detached | 3 | — | 9 | — |
| Terraced | 71 | £5,814 | 151 | £5,595 |
| Flat / maisonette | 161 | £4,783 | 133 | £4,957 |
Compared with the wider area
| Area | Sales | Like-for-like | 95% range |
|---|---|---|---|
| Sector SO23 8 | 539 | −2.3% | −6.8% to +2.4% |
| District SO23 | 3,623 | −4.4% | −6.1% to −2.5% |
| England and Wales | 1,000,000 (sample) | +1.2% | +0.9% to +1.5% |
Average gas use in SO23 8 (2024): meters vs certificates
A rough comparison: the certificate figure is an upper-bound estimate (primary energy including lighting, converted with one factor), so treat the share as an order of magnitude.
| Postcodes with published gas data (5+ meters) | 67 (1,319 meters) |
|---|---|
| Median gas use per meter (median of postcodes) | 8,121 kWh |
| Gas-heated homes with an EPC | 1,120 |
| Energy implied by their certificates (median) | 11,441 kWh |
| Metered gas as a share of the certificate figure (median of 61 postcodes) | 62% (middle half 52%–69%) |
Certificates by band imply: B 6,094 kWh (64 homes) · C 9,119 kWh (643 homes) · D 18,360 kWh (352 homes) · E 29,593 kWh (57 homes). Across England and Wales, real use is much closer to the certificate for A–C homes than for D–G homes, so the saving an upgrade promises is usually smaller than the certificate suggests.
Certificate energy = primary energy per m² × floor area ÷ 1.13, for homes whose latest certificate shows mains gas heating; it also covers lighting and other uses, so it is an upper bound for gas. DESNZ gas is weather-corrected and covers all meters in the postcode, with or without a certificate.
Can the local grid take heat pumps in SO23 8?
SSEN does not publish spare capacity for street substations, so this is the answer for the wider district fed by the Gordon Road primary substation (33/11 kV), not for your street. Its winter demand headroom for 2027 is 6.4 MVA (lowest of SSEN's scenarios) — room for about 3,740 heat pumps at 1.7 kW each, or 65% of the 5,775 gas-heated homes with an energy certificate in its supply area.
| Primary substation | Share of the sector's gas homes | Headroom 2027 | Gas homes in its area | Room for heat pumps | Headroom 2030 / 2035 (Holistic Transition) |
|---|---|---|---|---|---|
| Gordon Road | 93% | 6.4 MVA | 5,775 | ≈ 3,740 (65%) | 5.6 / 2.4 MVA |
| St Cross | 7% | −6.3 MVA | 6,032 | none | −7.2 / −11.9 MVA |
Across the sector, about 670 of 1,119 gas-heated homes (60%) could switch within the primary substations' 2027 headroom.
Caveat: a primary substation feeds a whole town or several villages. Your street's own substation can be full while the primary has room, and the other way round. Headroom: SSEN Network Scenario Headroom Report 2026, winter demand headroom after contracted connections (MVA ≈ MW). Homes: postcodes whose centre lies inside SSEN's published supply area (19 October 2026). A full primary substation means reinforcement (usually a delay), not a refusal. All areas and the method.
539 of 623 house and flat sales in the sector since 2015 (87%) were matched to a certificate.
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.