House hunters seeking to buy a property in an area with better than average primary schools can pay on average 23 per cent more than locations with poor Ofsted standards, new research has shown.
Outstanding primary schools can increase nearby house prices by at least 20%. Areas with failing schools are less expensive according to new research
In many cases, areas which have more expensive properties than the regional average also have better primary schools.Our 3D-interactive map allows you to explore your local area to see if successful primary schools are driving up property prices. 'This would suggest there is a premium of around 20 per cent on homes located near high-performing schools – something prospective parents should keep in mind when looking for the perfect location to raise a family.'
The number of applications for places at primary schools in the capital has fallen again this year – and councils said families moving out of the city due to changes in their working patterns have played a part. Families are also moving away 'due to changes in their circumstances and working patterns', it added.
Hillingdon had the highest proportion of first preferences at 95.7 per cent, followed by Barking and Dagenham where 94.2 per cent secured their preferred school.Jon Abbey, chair of the Pan-London Admissions Board, said: 'This year the admissions process has gone smoothly and over 85,000 parents will receive an offer of a preferred school place in the capital – with over 76,000 of those being for their first preference school.
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