Homes near top state schools in England ‘cost nearly £416,000 on average
Parents in England face paying a premium of nearly £129,000 for a home near a top state school, according to analysis.
Properties near top state schools have an average house price of £415,844 - which is £128,615 or 45% higher than the average house price across the country at £287,229.
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 over the last five years - by £116,696 or 39% compared with £51,624 or 22% across England as a whole.