Wednesday, 15 August 2018

Want to live near a top school? You can

Want to live near a top school? You can

PARENTS don’t always have to pay a premium to live near a top school according to Lloyds Bank, writes Lucy Boon.

The bank found that almost half of England’s top 30 state schools — 14 in total — are in locations where the average property price is below the average for the area.

With an average price of £288,430, properties close to the Reading School and Kendrick School, both in Reading, are £132,718 (minus 32 per cent) below the county average, which is the biggest discount for a house near a top-performing state school within the Lloyds survey.

These are followed by Aylesbury High School in Buckinghamshire with a discount of £112,674 and King Edward VI Handsworth School in Birmingham (minus £82,640).

That said, the data showed that homes near England’s top state schools have an average house price of £415,844 — some 45 per cent higher than the English average.

Homes near Beaconsfield High School in Buckinghamshire pay the biggest premium of £643,181 (158 per cent) compared to the average house price in neighbouring areas.

Homes close to the Henrietta Barnett School in Barnet command the second highest premium of £367,632 (59 per cent).

These schools are followed by Dr Challoner’s Grammar School in Buckinghamshire with a premium of £246,598 and the Tiffin Girls’ School and Tiffin School in Kingston upon Thames (both £167,628).

Andrew Mason, Lloyds Bank mortgage products director, said: “All parents want to ensure their children get a good education, so it’s not surprising that homes in areas close to the top-performing schools typically command a significant premium over the surrounding area and high demand has led to prices being out of reach for many buyers.

“If being near a top-performing school is a priority, however, you don’t necessarily need to pay extra to do so, with almost half of the top 30 schools being in locations that cost less than the average of that area.”


Looking for a job?


Location Marlow Bottom

SHOP SALES PERSON REBELLION BREWERY We are looking for energetic people, with a good attention to detail and examples ...


Part Time PR Account Support

Location Henley on Thames

Initially one day a week The Henley Group International, a specialist, industrial B2B press and PR agency, is looking ...


Lab Technician

Location READING

Woodcote – South Oxfordshire LABORATORY TECHNICIAN The Oratory School is looking for a highly organised Laboratory ...