Energy efficiency upgrades could boost average home value by 14 per cent
The average home in England could see its value increase by £16,000 – or 14 per cent – through energy efficiency improvements new research by the Department of Energy and Climate Change (DECC) suggests, writes Greenwise Business.
The study, which investigated the effect of Energy Performance Certificates (EPCs) on house prices, shows that energy saving measures are likely to have the biggest impact on house prices in the North East of England.
Here, on average, a property’s value could increase by as much as 38 per cent if it’s EPC improved from a band G (not energy efficient) to an A or B (very energy efficient), according to the findings. In the North West, the value could increase by as much as 27 per cent.
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