North London Schools Impact Property Prices

Make sure you are fully informed as to whether the availability of local school places impacts on property prices in your local area.

While many factors influence demand for homes and property prices, the importance of local schools cannot be overlooked. Parents are keen to place their children into a good school, and this creates a higher level of demand.

We know the local area well, and we know North London schools impact property prices. If you are looking for guidance about the impact schools have on house prices in the local area, get in touch.

Looking for local schools in the area?

With respect to schools which have been classed as “Outstanding” by Ofsted, you can consider Yerbury Primary School, St Joseph's RC Primary School, Grafton Primary School and Sacred Heart RC Primary School.

The following primary schools have been recognised as “Good” by Oftsed:

• Hargrave Park Primary School
• St Mark's CofE Primary School
• Brookfield Primary School
• Duncombe Primary School
• St John's Upper Holloway CofE Primary School
• Ashmount Primary School
• Highgate Primary School

Therefore, parents looking for suitable schools in North London can feel confident that there is enough options to choose from.

With respect to local secondary schools, St Aloysius RC College has been ranked “Outstanding” by Ofsted and both Mount Carmel RC Technology College for Girls and St Mary Magdalene Academy has been classed as “Good”.

Industry experts acknowledge demand for homes affects house prices

The School standards minister Nick Gibb said; “With almost 1.8 million more children in good or outstanding schools than in 2010, more families are able to secure a good school place for their child than ever before. However, for too many young people their chances of success still depend on how much money their parents earn and where they can afford to live. We want to end this unfairness and our proposals will create more good school places in every part of the country, so every child can have the excellent education they deserve.”

Henry Pryor is a property market commentator, familiar for his work on the BBC, and he said; “At long last, the government is confirming what many people have known for years, that being near a good school adds to the price of a home. It is all about location, location, location. Good schools put up the price in the same way as high-speed broadband or being near a rail station. In some cases people will choose to send their children to private school as the fees for doing so are less than the extra they would pay to be near a good state school.”

There has also been research into this phenomenon by Lloyds, which suggests average house prices in some parts of the country may be 17% higher than the average due to the proximity of well-regarded schools. The bank’s mortgage products director of the time, Andrew Mason, said; “The popularity of areas close to high performing schools may mean that homes remain unaffordable for buyers on average earnings.”

At Ariston Property Services, we are pleased to say we have helped many local vendors connect with buyers, and we are keen to do the same for you if we can, so please get in touch.