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Research by property experts Savills has revealed sending your children to a quality school can cost more than their admittance fee.
Comparing the cost of properties within the vicinity of the top 25% performing secondary schools in the UK to those in their respective counties, houses near independent schools cost 16% more than normal properties.
Speaking on their research, Savill’s concluded that the cause of these dramatic house price differences is partly due to parents aspiring to give their children the best start in life, including access to a good school.
And it seems that this desire to live close to a good school is national…
Leatherhead, Winchester, Tunbridge Wells and Harrogate have also reported houses prices above the average of their respective counties due to educational opportunities within these locations.
Continuing in their report, Savill’s strongly feel that these educational hotspots could lead the way when the UK enters into a sustained market recovery. Offering parents access to quality schools and stronger educational variety, demand in these areas will never cease.
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