Energy-efficient homes require only a small price premium, according to new research from Nationwide.
The lender found that owner-occupied homes with an Energy Performance Certificate (EPC) rating of A or B sold for 1.6% more than similar properties with a D rating. Based on average house prices in England, this equates to around £4,500.
There was a marginal change in value between C, D and E rated homes. Properties rated F or G were worth 1.4% less than comparable D-rated homes.
The results will surprise many homeowners.
Nationwide found that 78% believe buyers would pay extra for an energy efficient property.
More than three-quarters of respondents (77%) said they believe EPC prices will be a deciding factor when choosing a home in the future.
Among younger buyers aged 25 to 34, nearly half (49%) said they thought energy efficiency would be “very important.”
Research published by E.On Next last month found that nine in 10 home hunters (93%) want the home of their dreams Green energy modifications Such as solar panels and electric vehicle charging.
“It is interesting to note, however, that energy efficiency continues to have a much greater impact on buy-to-let purchases, with A or B rated properties attracting a premium of 12.2%,” said Andrew Harvey, Nationwide’s chief economist.
Figures indicate that demand for green homes is on the rise. But this has not yet translated into a significant price premium in the owner-occupier market.
