Homes near elite state schools command roughly £40,000 premium, study shows
Research by Yopa finds that properties located in postcode districts containing a top-50 state secondary school are on average £40,000 more expensive than those elsewhere in the same local authority.
A nationwide Yopa study indicates that buying a home in a postcode that includes a top-50 state secondary school adds roughly £40,000 to the price tag, an uplift of about 11% over the wider local authority average. The typical house near such a school costs £415,791 versus £375,217 elsewhere, a gap comparable to the annual fees of many private schools. Premiums differ sharply across regions: the B74 district around Bishop Vesey’s grammar school in Sutton Coldfield commands an average of £509,964, a £275,814 premium over Birmingham’s overall figure, while the NW11 area surrounding Henrietta Barnett school in London is 37% higher than the rest of Barnet.
Some locations buck the trend, as the Reading postcode containing Reading and Kendrick schools is priced below the town’s average. Verona Frankish, Yopa’s CEO, said school reputation heavily influences family home-buying decisions, especially with a new school year approaching. Separate data also show that properties near elite private schools in London can carry premiums up to 77%, with Queen’s College leading the list.
Why it matters
House prices reflect school quality, affecting affordability and family decisions across the UK.
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