Most parents will do everything in their power to ensure the best education for their children. But this choice invariably comes at a price.
The latest analysis from Savills shows that homes near top performing independent schools command a 25 per cent premium over the regional average, compared with 20 per cent for best non-selective state schools.
The average value of a home close to one of the country’s top 10 per cent of state schools stands at £348,000, 12 per cent above the average for their regions. However, when grammar schools, whose catchment areas are less defined, were excluded, this premium rises to 20 per cent, with the average home costing £396,200. Unsurprisingly perhaps, this rises to £414,000 in the postcode sector of the top independent schools, £83,000 above the regional average.
The new analysis of GCSE results from the department of Education, indicates that there are 346 state schools in England which achieve an average point score per pupil of 450 or more at key stage 4. They account for 10 per cent of mainstream state schools, of which over a third (36 per cent) are grammar schools, and 8 per cent of all mainstream schools including those in the independent sector.