Parental home buyers are paying up to 102% more to live near the top performing schools, according to research by GetAgent.
Its figures show that home buyers are paying 28.6% more than the average house price in England to live near a secondary school and 19.7% more to live near a primary school.
When looking at top tier primary schools, where 40% or more of pupils are achieving high scores in reading and maths, the average house price climbs to £499,249 – a 69.6% house price premium compared to schools with a score below 40% and 102.3% more expensive than the national average.
Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale of properties.