As the housing market continues to evolve, homeowners are looking for ways to increase the value of their property. A recent study conducted by Rightmove has found that upgrading homes to an Energy Performance Certificate (EPC) C could result in a £56,000 increase in property value.
The study looked at the impact of energy efficiency on property values in England and Wales. It found that homes with an EPC C rating, which is the second highest rating, were worth an average of £56,000 more than those with an EPC D rating, the lowest rating.
The study also found that homes with an EPC A rating, the highest rating, were worth an average of £90,000 more than those with an EPC D rating. This suggests that upgrading to an EPC A rating could result in a much larger increase in property value.
The study also looked at the impact of energy efficiency on rental yields. It found that homes with an EPC C rating had a rental yield of 6.5%, compared to 5.7% for those with an EPC D rating. This suggests that upgrading to an EPC C rating could also result in higher rental yields.
The findings of this study suggest that upgrading homes to an EPC C rating could be a great way for homeowners to increase the value of their property. Not only could it result in a £56,000 increase in property value, but it could also result in higher rental yields.
However, it is important to note that upgrading a home to an EPC C rating can be expensive and time consuming. Homeowners should carefully consider the costs and benefits before deciding whether or not to upgrade their home.
Overall, the findings of this study suggest that upgrading homes to an EPC C rating could be a great way for homeowners to increase the value of their property. Not only could it result in a £56,000 increase in property value, but it could also result in higher rental yields.