Surge in interest for energy efficient homes – Rightmove data

Surge in interest for energy efficient homes – Rightmove data


Todays other news
RICS has been embroiled in controversies in recent years....
Many agents remain uncertain about where they stand...
The companies are Street Group and Goodlord...
Rent rises put down to ‘station surge’...
Reposit will now be offered to residents at 12 Build...


There’s been a surge in enthusiasm for energy efficient homes according to research from heat pump advocates OVO.

It says that a survey shows 66 per cent of those planning to buy a home in the next two years are specifically looking for houses with green installations that improve energy efficiency and reduce carbon emissions. 

Exploring the relationship between energy efficiency and property value, data from Rightmove shows that improving a property’s EPC rating from F to C could increase its overall value by 15 per cent, meaning homeowners could lower bills while in their homes and then cash in on their eco-investments when they sell. 

Moving from an F to a C rating could add up to £44,672 (15 per cent) to the value of a three-bedroom semi detached house, based on Rightmove’s current average asking price of £297,811 for a property of this nature. 

Whilst the portal found that 60 per cent of homes for sale on Rightmove had an EPC rating of D or below, the motive from homeowners to increase this score is clear. Some 83 per cent are willing to invest in going green – with a quarter saying they’d pay more than £5,000 to make energy efficiency improvements.. 

According to OVO’s data, over a third of prospective buyers say they would be more likely to make an offer on a home with eco-minded installations such as solar panels, alongside triple-glazed windows and roof insulation.  

Of those planning to install green technology in their home in 2024 the top motivators to do so are:

To save money on energy bills (49%)

To improve the energy efficiency of their home (40%)

To help reduce their carbon footprint (36%)

To improve the EPC rating of their home (30%) 

To increase the value of their home (29%)

And the most anticipated upgrades are:

Solar panels (26%)

Electric vehicle charging point (23%)

Installing a smart meter (23%)

Wall insulation (21%)

Smart thermostat (20%) 

Tim Bannister, Rightmove’s Director of Property Science, says: “We’re still in the early stages of the journey towards greener homes, but the data and insights we have been collecting over the last few years have been encouraging. One of the trends that has been emerging is that sellers who have improved the energy efficiency of their homes can command a premium when the time comes to move. It’s going to be a really important year for innovations and the sharing of evidence-based data insights in this space.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
The forecast comes from Cornwall Insight...
Knight Frank, which founded OnTheMarket, has signed a three-year deal...
South East property group Beresford has secured sponsorship from Rightmove...
It now progresses to the so-called Report Stage....
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
Recommended for you
Latest Features
RICS has been embroiled in controversies in recent years....
Many agents remain uncertain about where they stand...
The companies are Street Group and Goodlord...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here