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TBS in The Financial Times – Parents pay huge premiums for homes near top UK state schools

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Knight Frank
London and Country specialist property buying agents
29 Aug 2018  |   Jonathan Bramwell

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.

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