Your EPC (Energy Performance Certificate) rating is a score given to your property according to how energy efficient it is.
And with energy efficiency becoming ever more important as we creep towards the 2050 net zero deadline, the EPC rating of a property is becoming a desirable feature for buyers that has a direct impact on its value.
Upgrading might be worth it
According to a Rightmove study, which analysed 200,000 properties which had been sold twice (the second time with an updated EPC rating), people who upgrade their property from an EPC rating of D, E or F could gain up to 16% on average when they sell their home. This means that someone moving from an F to a C rating could net an additional £55,111 based on the current national average asking price of property!
Some regions are leading the way
Over the past five years, 22% of British homes have been upgraded from a D rating or below to a C rating or above. However, some regions are doing better than average, with the South East (26%) in first place, followed by Wales (24%) and the East of England (23%).
It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.