How do outstanding schools affect house prices?

News at Newton Fallowell | 05/09/2018

The new school year is underway for over 10 million children across England and Wales, and school catchments rate highly for many choosing a home.  

An analysis of property sales across England and Wales (excluding London) reveals a 17% price premium associated to homes close to an outstanding secondary school, with a 10% premium for homes close to an outstanding primary school.  

Properties located within one mile of an oustanding primary school sold for, on average,  £22,686 more than properties within one mile of other schools.  The price premium for secondary schools was £37,558. 

Detached houses attract the largst price premium, with buyers having to find an extra £90,000+ to live within one mile of an oustanding school. 

If you'd like to know more about the schools in the PE4 area please get in touch and we'd be happy to help. 

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