Real estate in England, near good schools continues to rise

admin8 years agoOctober 18, 2019No comment

posted on Sep. 27, 2017 at 2:41 pmOctober 18, 2019

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Residential real estate, which is close to the state schools in England costs on average £415844, which is about 45% higher than the national average.

Lloyds bank in his next study showed that over the past five years the price of real estate in the area of the best schools in the UK rose by £116696, and in England the increase amounted to £51264 or 22%.

The biggest prize for the school buyers pay for the proximity to a school Beaconsfield High School located in the County of Buckinghamshire – £643490, or 158% more than in other parts of the County.

Parents of children Henrietta Barnett School pay 59% or £367632 for its proximity to the prestigious school. Following in the rating – Dr. Challoner”s Grammar School, where buyers are forced to pay a premium of £246598, and then Tiffin Girls’ School with an additional charge of £167628.

However, it is not always a property near prestigious schools is more expensive. There are schools, the property is near which is cheaper.

For example, the average price of real estate near Reading School and Kendrick School , both schools are located in reading – £288430, or £132718 cheaper than the average Reading. This is followed by Aylesbury High School school in Buckinghamshire discounted £112674, and King Edward VI Handsworth School in Birmingham, where the price of £82640 lower than the city average.

Over the past five years the price of real estate in the UK in the area of good schools increased by £116696, or 39%, reaching £415844. The high cost of housing in the district schools often can not afford the parents. Average price £415844 – it’s about the wages for 10.7 years with an average earnings £38730 per year. This despite the fact that the average for England affordability index is approximately 8.1%. Many parents join the ranks of the tenants, thus stimulating an increased demand on the rental market.

For real estate in the district of the Henrietta Barnett School the housing affordability index is off the charts – about 22.5 years parents have to work to earn a house near the school – the average property price of £991020 approximately 22.5 times the annual income of people living here.

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