Can your EPC rating affect your home’s value?
- greenerhomesldn
- Jul 12, 2024
- 2 min read
Updated: Sep 5
With every sale and letting of domestic properties requiring an EPC does your home’s EPC rating have any bearing on it’s market value?
Research over the last few years show that a higher EPC grading can indeed increase the potential market value on both the sales and rental markets.
With the ongoing pressures on the cost of living, especially on energy bills, coupled with the climate crisis, more people than ever are seeing the advantages of a good EPC grading and the benefits that it brings.
The national average EPC rating in the UK is only D. So if your home can achieve a rating C,B or A it can make a significant to your potential rental income or sale price.
So can your EPC rating affect your home’s value? Research by Rightmove UK in their Greener Homes Report 2023 highlights how much the EPC rating can add to its value. Going from a poor F rating to an above average EPC rating of C could see an average £56,000 increase in value on a similar home in the same area. Moving from just D to C can also have a significant impact of potential value.
So if you are thinking of marketing your property on the rental or sales market knowing your EPC rating first could help you achieve a better valuation. If you don’t achieve a good EPC rating your report will recommend how to improve your rating before you go to market. It could even open access to government grants for energy saving improvements.
Want to know more or find out what your home’s EPC rating is book an EPC survey with Greener Homes London today!