As the new school year gets underway, we revisit the well-oiled notion that schools are an instrumental driver of local house prices. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school?
- Properties located within one mile of an outstanding secondary school sold for, on average, £47,000 more than properties within one mile of other schools.
- The highest premiums were for detached houses where buyers had to find an extra £88,000 to live within one mile of an outstanding school.
Working with property professionals for over 20 years providing advice and services to all property investors.