Salford Property News

Premium to live near top schools

Rebecca Galgut Sep 10, 2020, 10:30 AM

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This week marks the return to school for many children. School catchments play a huge role in choosing a home. Living close to a top school can cost an additional £25,000.

Houses within the catchment of the top 10% of primary schools on average cost £27,000 more than those in the wider postcode district, a 7% premium.

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Houses within the catchment of the top 10% of secondary schools on average cost £25,000 more than those in the wider postcode district, a 6% premium.

Premiums vary between regions, Yorkshire and the Humber has the greatest premium for top primary schools, 12%. The West Midlands has the largest premium for top secondary schools, 19%. Source: Dataloft, PwC

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