September 25, 2023

Improve Our Home

Sellers of properties with improved EPC rankings see ‘inexperienced value premium’

2 min read

Saving cash on vitality payments continues to be the largest purpose for individuals to make inexperienced enhancements to their properties. Our analysis present that 78% of home-owners say lowering vitality payments would inspire them to make adjustments. And the upper a house’s Vitality Efficiency Certificates (EPC) ranking is, the decrease the property’s vitality payments are prone to be.

An improved EPC ranking may also add worth when it comes time to promote. Once we requested home-owners in the event that they suppose it’s price paying extra for an energy-efficient dwelling, solely 6% disagreed*.

And our evaluation of 300,000 properties which have offered twice within the final 15 years – and have had a brand new EPC certificates issued – reveals there’s a further ‘inexperienced premium’, on high of the native home value progress over time.

A house enhancing from an EPC ranking of D to C, might see a rise in worth of three%, or £11,157. Whereas transferring from an F to a C ranking might improve the property’s worth by a median of a further 15%, or nearly £56,000, when wanting on the present nationwide common asking value.

Improved EPC ranking Common improve in worth
From D to C +3%, or £11,157
From E to C +7%, or £26,033
From F to C +15%, or £55,786

Supply: Rightmove Greener Houses Report 2023.
Evaluation of the change in worth of 300,000 properties that offered twice over the previous 15 years and had two completely different EPC rankings over that point.

Green premium by EPC rating

The inexperienced promoting factors of a house

Increasingly more property brokers are highlighting inexperienced options and higher EPC rankings of properties as key promoting factors of their property listings on Rightmove.

The variety of property listings that point out electrical automotive charging factors is up by 40% on final yr, and up by a staggering 592% since 2019.

And the variety of listings that spotlight an EPC ranking of A-C within the property description has risen by 24% when in comparison with this time final yr, and up by 59% on 2019.

Our property knowledgeable Tim Bannister says: “In an more and more value delicate market, highlighting the important thing advantages of a greener dwelling will assist properties to face out from their neighbours. Property brokers are actually more likely to be highlighting the virtues of sensible expertise and photo voltaic panels, than sun-trap conservatories which can be too sizzling in the summertime and too chilly within the winter.

“There’ll come a time, not within the too distant future, when extra consumers are queuing up for properties with electrical charging factors and good insulation, as a substitute of in search of out Victorian open-fireplaces,” he provides.

READ MORE: What’s an Vitality Efficiency Certificates (EPC) and how will you test your house’s ranking?

Check out our Rightmove Greener Houses Report 2023

*Rightmove Spring Survey, performed between eleventh April and twenty seventh April 2023, amongst 5,943 respondents.

The header picture of this text is offered courtesy of Beautiful House, Wherstead

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