Top price for homes near best schools

Yorkshire Post - Property - - PROPERTY -

PROP­ERTY prices in the postal dis­tricts of the top 30 state schools in Eng­land are an av­er­age £31,490 or 12 per cent higher than neigh­bour­ing lo­ca­tions.

Homes close to the Hen­ri­etta Bar­nett School in North Lon­don have the largest pre­mium, trad­ing at 87 per cent more than those in neigh­bour­ing ar­eas. The postal dis­tricts of the top per­form­ing sec­ondary state schools in six of the nine English re­gions com­mand prices higher than their county av­er­age.

Nitesh Pa­tel, hous­ing econ­o­mist at Lloyds Bank says: “All par­ents want to en­sure their chil­dren have ac­cess to the best schools, so it is not sur­pris­ing that homes in ar­eas close to the top per­form­ing state schools typ­i­cally com­mand a sig­nif­i­cant pre­mium.”

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