Top of the class postcodes
Scottish property finders Garrington explore the challenge of finding a home in a location that offers the right schooling
Children across Scotland will have now returned to, or have started at a new school, naturally at this time of year many parents begin to think ahead. With school application deadlines approaching in the coming months those looking to move home and secure a place at their school of choice will need to begin their search imminently if it is not already underway.
Scotland has a number of highly regarded state and independent schools and competition for places can be fierce, as is the demand for homes in the surrounding areas, presenting both challenges and opportunities for parents seeking to find the balance between the right school and the right location to buy a home.
Living close to a top performing school is always going to be an attractive proposition for family buyers, but at what cost? The debate between funding an independent education or allocating money to buying a superior property in a good catchment area is a frequent one for those able to consider either option, and with no clear answer.
Family priorities and needs have also been changing year by year, with families now seeking more spacious homes together with being within proximity of the desired school. But with less property for sale and with such limited stock of ‘best of breed’ homes fitting this criteria, it is easy to understand why premium prices continue to be paid for properties near highly favoured schools.
The right location
With the cost of an independent education, the attraction of obtaining a place for your child or children in a top performing state school seems a sensible option for many who focus their efforts on finding a new home within the catchment area. Naturally as the school becomes more popular the catchment area can sometimes shrink and there is often a trend showing an increase in house prices.
The independent schooling choice presents different challenges. With the cost difference between day pupils and boarders at some of the top independent schools, living nearer to the school of choice could be a financially savvy move. Over the period of a child’s schooling, parents who live within travelling distance to the school could save a considerable amount by avoiding boarding fees.
Competition for places at the best schools is undeniably tough, and the dual pressure of getting your child settled and buying a new property can become both overwhelming and expensive. For those family buyers looking to make a move prior to the start of the new academic year in 2023, now is the time to be making plans and seeking the right advice.
If you are considering moving home and would like more information about how to better navigate your local property market, contact Garrington.
Tel: 0131 564 1156