Parents pay £129k premium to live near 'top' state school
Homes near popular state schools cost almost £416,000 on average, new analysis shows.
Parents in England face paying a premium of nearly £129,000 for a home near a top state school, according to a new analysis.
Properties near top state schools have an average house price of £415,844 – which is £128,615 or 45 per cent higher than the average house price across the country.
This average house price of £415,844 near a top state school equates to nearly 11 times average annual earnings, according to the study from Lloyds Bank.
House prices near top state schools were found to have surged at a faster rate than the national average over the last five years – by £116,696 or 39 per cent, compared with £51,624 or 22 per cent across England as a whole.