Proximity to a good school can add to the price of the property 200%

The average cost of housing in England within a mile of the TOP 50 best schools in England is 16.6% higher than the same kind of property in the same area, but without school.

Influential international real estate Agency Knight Frank has analyzed the real estate market on the subject, how does the proximity of schools to the price of residential property.

The largest increase in price was close to the school Overall Sevenoaks School in Kent – where the increase in value of residential property amounted to about 221% . In absolute terms, for the proximity to the school in the area people are willing to pay £425291 pound.

What is so good about this school that so significantly has adjusted the prices on the local real estate market? The Overall school Sevenoaks School is known throughout the world the internationally recognized baccalaureate, as well as in the school attended by children from all over the world, the area has experienced an influx of demand for residential property from international buyers .

In other regions the biggest increase in price is observed in the vicinity of schools in the North East of England. For example, within a mile from Scarborough College, the increase in real estate price is 47 % or £70094 pounds more than the estate, remote from the school more than a mile.

The majority of people in the UK willing to pay extra for life in close proximity to a good children’s school. However, the increase in the price of various regions. When deciding where to live, family first and foremost give preference to such factors as the level and quality of education is the local school. As a result, the presence of good schools in the region is an important factor that drives the local real estate market.

The small increase in the proximity to the school in London . Good organisation of public transport provides quick access to schools from anywhere in the city that does not as significant proximity to the school. The increase in price in London is 4.9%. Much more important is the increase in price for the proximity to the school in other regions of the UK – on average it ranges from 20% to 33.5% depending on the region.

® Helen Entree. 26.09.2014 g.

New South Quarter

Bow Church

Eltham

Holland Park Avenue

EDRIDGE Croydon

West One in Luton

Richmond

Apartments with one and two bedrooms at metro Lewisham (2)

Minster House

The complex “Luxury” on Hammersmith

A Venetian courtyard, “Renaissance”

Studio in Lewisham