Rightmove says sellers who have upgraded their Energy Performance Certificate rating to a C - from a D, E or F - get up to 16 per cent more on their sale price.
The study analysed over 200,000 homes listed on Rightmove that had sold twice, with an improved EPC rating the second time; the aim of the survey is to understand the impact of energy efficiency improvements on the final sold price of a home.
Those who had upgraded their rating from an F to a C are adding an average of 16 per cent to the price achieved for their home.
Moving from an E to a C is securing sellers an extra eight per cent on average, and moving from a D to a C is resulting in an average of four per cent extra.
Based on the current national average asking price of property, £344,445, this could mean...
- an additional £55,111 for someone moving from an F to a C rating;
- or £27,556 for someone moving from an E to a C rating;
- or an extra £13,778 for someone moving from a D to a C rating.
This comes as the government releases its Heat and Buildings Strategy, designed to set out how to lower the carbon emissions of homes and commercial buildings.
Rightmove claims that its data suggests buyers are willing to pay a premium to secure a home more ready for the future.
In the last five years, more than one in five homes in Britain has upgraded from a D rating or below, to a C rating or above.
The South East topped the regional list at 26 per cent, followed by Wales (24 per cent) and the East of England (23 per cent).
Tim Bannister, Rightmove’s director of property data, says: “Ahead of Cop26, many people will be more conscious of their personal impact on the planet, and will be looking for ways to be greener, including in their home.
“Although some of the bigger improvements to make homes more energy efficient can be costly, in its latest strategy, the government has outlined ways it wants to support green choices.
“Our study suggests the longer-term value upgrading the rating of your home’s Energy Performance Certificate can have when it comes to the time to sell.
“While this naturally needs to be balanced with the investment needed to improve it, we expect that the energy efficiency of a home will increasingly be a priority for buyers in the next few years, and these initial numbers suggest people are willing to pay an extra premium for a home better designed for the future.”
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Not convinced....... would be interesting to know the actual data v properties also sold twice in same time scale and their re sale price as properties that we have sold twice in the same period (albeit of course a much smaller sample) have gone up in price no less than those with better EPC ratings. The only exception would possibly be those properties required to have a higher EPC rating where they are more likely to be purchased by an investor buyer, but most of the increase in price has been general market conditions rather than a change in EPC ratings.... and the figures quoted by rightmove are not being reflected in our sales)
Any house that has moved up EPC means it must have had work done on it - so it's likely that the house has been refurbished and therefore would attract a premium
I completely agree with N W
When Estate Agents go out to advise vendors what they could potentially market their property at, and what they are likely to achieve they have no EPC at this point. Therefore a figure is created via local evidence and marketing not the energy rating.
What an absolute load or rubbish. No buyer should even look at an EPC. It means nothing. Most things aren't checked (can't get access) for example a loft that is fully insulated but boarded is assumed to not have any as 'not having access' Plus, and this is the killer, the boiler is NOT checked! the rating is based on the make and model. NOT whether it Is working! The add in that all DG is classed as the same if it is post 2002, doesn't matter if it have failed, blown, triple. An absolute complete waste of time
Utter complete tosh from Rightmove. They are sycophants to the political green agenda, it's nauseating!
Most have already been stated above, it's clearly refurbishment or time responsible for price increases and most definitely NOT EPC rating. If Estateagenttoday had any journalists with any experience in the industry they would counter balance such ridiculous claims. Reporting rubbish without a counter balance isn't responsible, just misleading.
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