Article preview: Homes in an area with outstanding schools attract a property price boost, according to new research. Comparethemarket.com found that people are prepared to pay a premium to live in areas with schools rated ‘outstanding’ by Ofsted. Homebuyers in Warrington, Cheshire can expect to pay the biggest premium to live near the best schools, with house prices up by a third compared to the average. On average, a house in Warrington costs £243,000. Property prices rise to £322,321 for areas with the top-rated schools.
Property prices boosted near Ofsted outstanding schools
This 440-word blog post considers new research from comparethemarket, looking at the price premium applied to property within the catchment area of schools with an ‘outstanding’ rating from Ofsted. Written on 18th May 2020.
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