House prices growing almost twice as fast near top state schools according to Lloyds Bank
Latest research from Lloyds Bank reveals that house price growth in areas with top performing state schools has significantly outpaced the rest of the country in the last five years, prices growing almost twice as fast near top state schools.
Lloyds Bank state that house prices near top schools grew by 35% (£104,365), compared to the English average of 20% (£49,082) over the last five years. The average house price in areas close to top performing state schools is now £400,850 compared to the average of £293,824 – a difference of £107,026.
Andrew Mason, Lloyds Bank mortgages director,said:
“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. While there is most definitely a premium attached to some neighbourhoods surrounding the best state schools across the country, 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.”
Read the latest Lloyds Bank press release 3rd September in full click here.
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