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Are school catchment area property premiums worth it?

Thursday, 5 August 2010 7:00 PM

Parents could be making a good investment by paying more for a house within the catchment area of a good school.

The additional spending will be worth it if the location of a higher priced property improves the chances of children being admitted to a particular school, according to Mouseprice director Selwyn Lim.

He advised parents that it is also worth considering the lifetime value of such an investment.

Mr Lim explained: "That premium doesn't actually sound like that much if that is to be spread across the entire schooling age of a child or 2.4 children [per family] on average.

"It doesn't translate to that much money per child per year if you divide it."

Earlier this week, Nationwide reported that parents are prepared to pay an extra 4.6 per cent (£8,670) for a property in a good school catchment area.

A ten per cent pass rate in Sats also adds a 3.3 per cent premium to a property in a particular area.

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