Best schools add £18,600 to average house price

Top primary schools in London can add up to £38,800 to the value of nearby homes, research suggests.

 

Being near a good primary school adds £18,600 to the average house price in England, government research has found.

 

A study by the Department for Education (DfE) has found prices are 8% higher near the best-performing primary schools and 6.8% higher near the best secondary schools.

 

It said "selection by house price" was restricting access to the best schools.

 

Property experts said schools affected prices in the same way as high-speed broadband and transport links.

 

The DfE said one of the top 10% of primary schools in London would put £38,800 on to the value of a nearby home. The average price in the capital was £484,700 in July 2016.

 

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