Santander releases new research on the premiums associated with school catchment areas – Jonathan Bramwell talks to the Financial Times
Recent, powerful research from Santander Mortgages highlights that three in 10 families move to ensure they live in a preferred catchment zone and not only that, the premiums paid for a home can be hefty.
In London the catchment premium is the highest at £70,675 followed by the South East at £40,294. Prices fluctuate even further in specific districts – in Tunbridge Wells for example families can pay 196% more compared with the average property price due to the quality of state schools.
Cheltenham too is a magnet for London families looking for a more rural way of life and good state schools – Balcarras, an outstanding secondary in the town centre has had a real impact on local property prices.
To read more please click here; https://www.ft.com/content/19b372d0-aaab-11e8-94bd-cba20d67390c