House prices in areas with top-performing state schools have grown nearly twice as fast as the rest of the country over the last five years.

House prices in areas with top-performing state schools have grown nearly twice as fast as the rest of the country over the last five years.

Property values near top schools have climbed by 35%, or £104,356, compared with the English average of 20%, or £49,082, since 2013, according to Lloyds Bank.

It takes the typical house price in catchment areas of leading schools to £400,850. That’s £107,026 more than the average.

Why is this happening?

Properties within the catchment area of leading schools - based on last year's GCSE exam results - are in hot demand. And parents are prepared to pay a premium to live in some of those neighbourhoods, according to Andrew Mason, Lloyds Bank mortgages director.

He explained: “Providing their children with a good education is a priority for most parents and is often on the list of key considerations for families looking to decide where to live.

“But there are also many that come in under the county average, particularly outside of London and the south east, where homes remain more affordable versus average earnings.”

Did you know? You can find homes within catchment areas by entering the school name in Zoopla's 'For sale' search tool.

Who does it affect?

Homeowners near the Latymer School in Enfield, north London, have seen the most growth, with local house prices climbing in value by 59% to £320,684.

Outside of London, homeowners near the Southend High School for Girls in Essex have seen the greatest increase, with property values rising by 50% to £251,461.

Meanwhile, buyers have to fork out the largest premium – 149% – to live near Beaconsfield High School in Buckinghamshire, where homes are now worth more than £1m compared with the £600,000 county average.

That is twice the premium in Cheshire, home to Altrincham Grammar School for Girls and Loreto Grammar School, which has the next highest property value relative to the county average.

Above: This stylish two-bedroom flat in Bermondsey, London, sits in a converted school. It's up for sale at £750,000.

What’s the background?

The average house price in the postal areas of the top 30 schools is nearly ten times average local earnings. That compares with 7.9 across England.

But it’s homes close to Henrietta Barnett School in Barnet – reportedly the best-performing state school in the country – that are the least affordable, at 22.2 times gross average annual earnings in the area.

The most affordable properties are those near King Edward VI Handsworth School in the West Midlands, where house prices are 3.7 times average local earnings.

Check out the table, below, showing house prices in postal districts of the highest ranked secondary state schools in England 2017:

School

County/local authority

Average house price 2018

Average house price in county 2018

Premium to county 2018

Premium to county 2018

Beaconsfield High School Buckinghamshire £1m £408,908 £609,887 149%
Altrincham Grammar School for Girls Cheshire £434,756 £249,829 £184,927 74%
Loreto Grammar School Cheshire £434,756 £249,829 £184,927 74%
Henrietta Barnett School Barnet £1.1m £672,434 £428,314 64%
Dr Challoner's High School Buckinghamshire £666,310 £408,908 £257,402 63%
Tunbridge Wells Girls' Grammar School  Kent  £439,816  £344,478  £95,338  28% 
Tiffin Girls' School  Kingston upon Thames  £704,643  £571,845  £132,798  23% 
Newport Girls' High School Academy Trust  Shropshire  £245,164  £217,600  £27,564  13% 
St Olave's and St Saviour's Grammar School  Bromley  £552,945  £507,661  £45,284  9% 
Nonsuch High School for Girls  Sutton  £447,195  £413,522  £33,673  8% 
Wolverhampton Girls' High School West Midlands £219,853 £204,990 £14,863 7%
Townley Grammar School Bexley £379,279 £361,567 £17,712 5%
Tonbridge Grammar School Kent £358,487 £344,478 £14,008 4%
Chelmsford County High School for Girls Essex £355,765 £344,734 £11,030 3%
Ermysted's Grammar School North Yorkshire £248,915 £254,447 -£5,532 -2%
Lancaster Girls' Grammar School Lancashire £160,805 £164,412 -£3,607 -2%
King Edward VI Camp Hill School for Boys West Midlands £198,380 £204,990 -£6,610 -3%
Colchester County High School for Girls Essex £324,463 £344,734 -£20,272 -6%
Wilson's School Sutton £384,694 £413,522 -£28,828 -7%
Wallington County Grammar School Sutton £384,694 £413,522 -£28,828 -7%
St Michael's Catholic Grammar School Barnet £574,986 £672,434 -£97,448 -14%
Queen Elizabeth's School Barnet £547,917 £672,434 -£124,518 -19%
Rochester Grammar School Kent £280,073 £344,478 -£64,406 -19%
Blue Coat School Merseyside £135,628  £168,067  -£32,439  -19% 
Southend High School for Girls Essex £251,461 £344,734 -£93,273 -27%
Latymer School Enfield £320,684 £461,741 -£141,057 -31%
Sir Henry Floyd Grammar School Buckinghamshire £279,890 £408,908 -£129,018 -32%
Kendrick School Berkshire £293,874 £429,793 -£135,919 -32%
King Edward VI Handsworth School West Midlands £118,038 £204,990 -£86,953 -42%
High School for Girls Gloucestershire £162,489 £292,471 -£129,982 -44%
Top 30 state schools average   £400,850 £369,882 £30,968 8%

And this table shows the five-year house price change in postal districts of the highest ranked secondary schools in England:

School

County/local authority

Average house price 2013

Average house price 2018

Price change in 5 years

Percentage change in 5 years

Latymer School Enfield  £202,095 £320,684 £118,589 59%
Nonsuch High School for Girls Sutton  £284,928 £447,195 £162,267 57%
Wilson's School Sutton  £251,848 £384,694 £132,846 53%
Wallington County Grammar School Sutton  £251,848 £384,694 £132,846 53%
St Olave's and St Saviour's Grammar School Bromley  £365,933 £552,945 £187,011 51%
Southend High School for Girls Essex  £167,673 £251,461 £83,788 50%
Townley Grammar School Bexley  £253,486 £379,279 £125,793 50%
Kendrick School Berkshire  £200,469 £293,874 £93,405 47%
Altrincham Grammar School for Girls Cheshire  £299,658 £434,756 £135,098 45%
Loreto Grammar School Cheshire  £299,658 £434,756 £135,098 45%
Chelmsford County High School for Girls Essex  £247,694 £355,765 £108,071 44%
Rochester Grammar School Kent  £195,832 £280,073 £84,241 43%
Tonbridge Grammar School Kent  £254,260 £358,487 £104,227 41%
Dr Challoner's High School Buckinghamshire  £474,875 £666,310 £191,310 40%
Tunbridge Wells Girls' Grammar School Kent £315,581 £439,816 £124,235 39%
St Michael's Catholic Grammar School Barnet  £415,847 £574,986 £159,139 38%
Colchester County High School for Girls Essex  £234,978 £324,463 £89,485 38%
Sir Henry Floyd Grammar School Buckinghamshire   £202,779 £279,890 £77,111 38%
King Edward VI Camp Hill School for Boys Birmingham  £147,963 £198,380 £50,417 34%
Queen Elizabeth's School Barnet  £412,551  £547,917  £135,365  33% 
High School for Girls Gloucestershire  £124,225 £162,489 £38,264 31%
The Henrietta Barnett School Hampstead Garden Suburb £867,923 £1,100,748 £232,825

27%

King Edward VI Handsworth School West Midlands £94,148 £118,038 £23,890 25%
The Tiffin Girls' School Kingston upon Thames  £591,981 £704,643 £112,662 19%
Beaconsfield High School Buckinghamshire  £859,016 £1,018,794 £159,778 19%
Newport Girls' High School Academy Trust  Shropshire £209,310 £245,164 £35,853  17%
Wolverhampton Girls' High School West Midlands  £188,215 £219,853 £31,638 17%
The Blue Coat School  Merseyside £117,679 £135,628 £17,949 15%
Ermysted's Grammar School  North Yorkshire £217,933 £248,915 £30,982 14%
Lancaster Girls' Grammar School Lancashire  £144,166 £160,805 £16,639  12%
Top 30 state schools average     £296,485 £400,850  -£104,365 -26%

Top 3 takeaways

  • House prices in areas with top-performing state schools have grown nearly twice as fast as the rest of the country over the last five years
  • Property values near top schools have climbed by 35%, or £104,356, compared with the English average of 20%, or £49,082, since 2013
  • It takes the typical house price in catchment areas of leading schools to £400,850 

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