Link between Ofsted ratings and house prices
A study out on Monday reported that house prices in middle-class areas are affected by the local Primary school attaining a better Ofsted grade, it can increase the price by tens of thousands of pounds.
In the Ofstead study it linked the small changes in ratings with house prices in the catchment area, prices increasing with each point added to the rating, a local primary school rated as excellent can increase the property price by 1.5%.
In the most affluent areas property prices can increase in value by as much as £50,000 if the local primary school attains a good report from Ofsted inspectors.
The study by Dr Iftikhar Hussain of Sussex University, warns that the reverse can happen where there is a drop in the ranking by Ofsted of the local primary school, house prices can go down in this instance, he also mentioned that the score achieved by primary schools has almost no effect in poor and deprived neighbourhoods.