Monday 26 March 2012

House prices inflated by £92,000 next to best schools - Telegraph

House prices inflated by £92,000 next to best schools - Telegraph

Property prices surrounding the most sought-after primaries in England can be inflated by 42 per cent compared with others in the local area, it was revealed.
Houses in the catchment area of one Lancashire school sell for an average of £572,500 – around two-and-a-half times the cost of homes in the rest of the region.
Some schools are now introducing lottery-style admissions systems – when all applicants' names are placed in a ballot and picked out at random – to break the middle-class stranglehold on places.
The disclosure, which was made in an analysis by the property website PrimeLocation.com, underlines the lengths to which some parents are now prepared to go to get children into the best schools.

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