If you are a parent, the chances are you will already have strong views on the importance of school to your child’s development.

But did you know that the type of school their children go to is so important to some people that they are willing to pay more for a house in the catchment area?

Indeed, a survey has just been published by Santander Mortgages which found that parents were willing to pay an average of 12% more for a property close to their preferred school.

We see it in Kidderminster ourselves – a good family home is incredibly desirable when it is in the catchment area of a popular school.

The survey also found that 29% of people in the West Midlands had moved for the sole reason of either buying or renting a property to enable their child to go to a specific school.

So if you are looking to sell your property it is definitely worth taking the time to check what school catchment area it is in, and then checking how popular that school is.

If you are lucky enough to own a family home within the catchment area of a school with an outstanding Ofsted rating, you are likely to be able to command an asking price higher than you think.

And if you are a landlord with a rental property close to a good school, you certainly won’t have any trouble attracting tenants!

Erica

 

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