Parents are prepared to pay an average 25 basis points, or 0.25% more for a house if their child stands a chance of entering a primary school with a 1% better pass rate on Key Stage 2 exams.
Nationwide’s conclusion is based on matching own data on house prices against primary school league tables produced by the Department for Education and Skills. The measurement suggests parents would pay an additional £422 on average across England to obtain a house near a primary school with a 1% better pass rate. For a 5% improved pass rate, parents seem willing to pay an extra £2,122 on top of the average house price in England of £167,407. A 10% improvement would push the average house price up £4,270. The premium parents are willing to pay varies greatly by region, with tho...
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