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School Catchments

Sunday, August 27, 2017

If you are thinking of selling your home and you happen to be in the right catchment for desireable schools the news is very good. According to a new survey from Santander, 1 in 4 families move and are willing to pay an extra 12%, to get within their desired school catchment area. This adds nearly £27,000 to the average home price.

If paying more is not sacrifice enough, other findings were that 20% changed jobs, 20% had to downsize and 19% relocated to somewhere they felt less safe just to ensure their children get the best education. 

Interestingly according to their reseach 44% will move away, once a place is secure and 26% plan to stay put. So It is not a forever home that is the main focus in the search. 

The North-East heads the list where 37% of families have bought or rented in a catchment for great schools compared to only 12% in East of England. The price premium for a good catchment home ranges from 5% (£6,400) in Northern Ireland to a whopping 17% (£81,800) in London.

If you own a property in a postcode that would be attractive to parents who value a good education for their children and are curious to know what value you could expect to realise if you were to sell then give us a call and we would be more than happy to give you the best free advice.

Article taken in part from www.homeowners-club.co.uk


Important Information
All property sales and the financial advice that surrounds them are as unique as the people engaging in the transaction. It is important to not make a decision without seeking professional advice. If you want to sell your home and are considering redecorating before marketing, speak to one of our Property Professionals to get the best advice for presenting your home for sale before making any investment.   

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