The Telegraph is reporting that recent research has revealed many parents aim to live near the top-performing state schools in the country, paying premiums of up to £630,000.
Parents trying to live near a top-performing state school face paying a premium of up to £630,000, new research has revealed. Lloyds Bank found in the postal districts of the 30 state schools in England which achieved the strongest GCSE results in 2015 average property prices have reached £366,744.
Lloyds said buying a property near a top-performing state school can be a “shrewd investment”. It said parents who bought a home near one of the top 30 schools just before their child first entered secondary school in 2011 have seen an average house price rise of £76,000.
Andrew Mason, Lloyds Bank mortgage products director, said: “Schools with the best exam performance are proving to be an increasingly strong draw for home movers, as we’ve seen house prices rise sharply in locations close to such schools.”
What do you think about the rising house prices? Are you willing to pay the extra to live near the top state schools? Let us know in the comments below or via Twitter. ~ Meena
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