£180,000 - the premium for buying a home near an 'outstanding' school

2 September 2019

Less than a quarter of top state schools are in areas with house prices under the national average

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Parents are paying up £180,000 extra to live near an ‘outstanding’ rated state secondary school, new research shows.

There are 703 schools rated outstanding by Ofsted in the UK. Ofsted rates schools as outstanding if they “provide exceptionally well” for their pupils’ needs and “prepare them for the next stage of their education or employment at the highest possible level”.

Online mortgage broker Trussle has found average asking prices in the same postcode areas as these schools stand at £427,116 – a staggering £180,116 (or 73%) premium on top of the average English house price of £247,000.

The figures reveal that less than a quarter of top state schools are in areas with house prices under the national average.

The research found that 19 of the 20 most expensive areas with outstanding state schools are in London.

Parents looking to move near Holland Park School in West London face the biggest premium, with average property prices costing £3.42 million.

The best value option in London includes Harris Academy South Norwood in London with parents needing £356,639 on average to move nearby.

Across England, there are 167 top-rated state schools with homes valued under the national average price of £247,000.

Out of all of the top-rated state schools in the country, Feversham Academy and Carlton Bolling College - both in Bradford, have the cheapest nearby house prices – an average of £91,634.

Overall, six outstanding-rated schools in Bradford appear in the cheapest 10 areas of the country.

Top 10 cheapest areas with ‘outstanding’ rated state schools

School Average house price in postcode area of school
Feversham Academy (Bradford)  £91,634
Carlton Bolling College (Bradford) £91,634
The Academy at Shotton Hall (County Durham) £96,690
Dixons Trinity Academy (Bradford) £104,983
Dixons McMillan Academy (Bradford) £104,983
Dixons City Academy (Bradford) £104,983
Cardinal Hume Catholic School (Gateshead) £107,698
LIPA Sixth Form College (Liverpool) £109,483
Dixons Kings Academy (Bradford) £110,660
Weatherhead High School (Wallasey) £111,219

Source: Trussle 2019

Chief executive of Trussle, Ishaan Malhi, says: “The premium on homes within these areas will be welcome for those already living there. However, it will likely deter some parents from moving closer to outstanding schools - particularly in London where the average first-time buyer in the city now has to put down over £100,000 for a deposit.

“It’s certainly worth parents who are considering their child’s future education weighing up the options available to them. Outside of London, there are over 160 top-rated schools with house prices in the area being under the national average - and government schemes like shared ownership can make owning a home more accessible.”

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