GOOD schools can add thousands to house prices and Ofsted ratings make all the difference, according
GOOD schools can add thousands to house prices and Ofsted ratings make all the difference, according to a recent study.
It has always been known that homes in good school catchment areas have attracted a premium price.
But the latest study, by Dr Iftikhar Hussain of Sussex University, shows that a one point improved Ofsted score for a primary school can add as much as £15,000 to the value of houses in the catchment area.
“School catchment areas are top of the list for a majority of the families we help to move,” says Antony Gibson, sales director at Romans.
“Fortunately, we’re spoilt for choice in the South East with an abundance of fantastic schools. However, the catchment area you live in is still a key consideration to ensure your children have the best chance of getting into your preferred one.
“The popularity of certain schools naturally adds even more competition between buyers and in some cases we’ve seen house prices rise by a lot more than £4,500 because of their location.
“For this reason, many families ask us to help them find a home in a certain catchment area years before their children even start school, to ensure they’re in the best location when the time comes to apply to schools.”
Speaking of catchment areas, Romans’ Henley office currently has a four-bedroom detached house in Deanfield Road on its books.
The property is located close to Valley Road Primary School, Trinity Church of England Primary School, and The Henley College.
The guide price is £700,000.
For more information or to arrange a viewing, call Romans’ Henley office on (01491 412888.