Open Property Group: Only 41% of homes in England meet recommended energy rating

LONDON, March 22, 2023 /PRNewswire/ -- New 2023 research from Open Property Group found that just 41% of homes in England meet the recommended Energy Performance Certificate (EPC) rating of 'C' or above. This is only a 1% increase from the previous year.

In 2022, only 40% of homes in England met the standard, despite the UK government wanting to reduce the country's carbon footprint by significantly improving the energy efficiency of all homes.

The EPC scale is ranked from A-G and is used to measure the efficiency of a property based on the level of its emissions, its potential heat or energy loss and its likely fuel costs.

Currently, 63% of properties in the City of London meet the EPC rating of 'C' or above – the exact same percentage as 12 month's ago. This is closely following by Salford, which has 59% of properties meeting the recommended energy rating, a 1% increase on the previous year.

For the second year running, Birmingham was ranked last, where only 33% of homes meet the target energy rating. Bath and Brighton both fell below the national average, with just 38% of their homes scoring an EPC rating of 'C' or above.

In terms of regions across England, London saw 46% of its properties meeting the EPC band of 'C' or above. Yorkshire and The Humber was the lowest scoring region on the list, where only 36% of its properties meet the recommended EPC standards of 'C'.

What does this also mean for UK landlords? The Government have proposed a bill where all rental properties would need to meet a compulsory energy performance certificate rating of band "C" on new tenancies by December 2025.

Open Property Group Managing Director, Jason Harris-Cohen said: 

"There has been a lot of noise around 'greening up' the UK's property stock, and despite multiple campaigns and press coverage, homeowners are woefully behind the Government's target. The pressure is really building for landlords especially, as we are less than 2 years away from the new EPC deadline. As things stand, a huge chunk of buy-to-let properties will be illegal to let from the end of 2025, unless the properties receive energy efficiency upgrades to achieve a minimum EPC rating of C.

A measly 1% increase in 'C' rated homes reflects the troubles landlords face. While changing light bulbs and adding an extra layer on insulation to the loft will no doubt help, the major alterations that really improve an EPC are expensive. Double glazing, solar panels and heat pumps tick the boxes but they are expensive items to purchase, cause major disruption to install – perhaps even requiring the tenant to temporarily vacate – and there is no proven return on investment for newer technology. There's also the added complication of a lack of materials and labour, meaning even the most willing of landlords are thwarted.

It's interesting that Yorkshire and The Humber was the worst region for homes with 'C' ratings. Buy-to-let yields in the region are some of the strongest in the UK - perhaps landlords are reluctant to compromise their strong income by investing in eco improvements – a sentiment we feel is being repeated across the UK."

2023 Cities in England: EPC Rating

2023 Regions in England: EPC Rating

Sources: 2022/2023 Department for Levelling Up, Housing & Committees

An Energy Performance Certificate (EPC) indicates the energy efficiency of a building. The assessments are banded from A to G, where A is the most efficient in terms of likely fuel costs and carbon dioxide emissions.

 For more information please visit www.openpropertygroup.com

About Open Property Group

Open Property Group are a professional house buying company who help people sell their properties quickly. They buy all types of properties (including vacant or let), throughout England and Wales.

Open Property Group specialise in buy to let property purchasing which suit landlords who want to cash in property quickly without disrupting the tenants.

Homeowners benefit from selling their house fast, with a completion date fixed to the owners' requirements. By selling directly, you pay no agent fees, ‎and can plan ahead with certainty. We also pay your agreed legal costs too.

Please contact David Donaldson for more information:  david@openpropertygroup.com , +44(0)7427623617

Infographic - https://mma.prnewswire.com/media/2037516/Open_Property_Group_Infographic.jpg