We\u2019ve all watched TV programmes where homeowners refurbish or extend their properties in order to make a profit. There are so many ways to add value to your home from converting the attic or cellar to installing a new, top of the range open-plan kitchen or an all-singing, all-dancing, modern bathroom. Even simple, low-cost activities such as painting the front door or cutting back an unsightly, overgrown garden can add a decent amount of money to your property price. However, according to new research, there is a sure-fire way to add an incredible \u00a3180k to a property’s value without doing any work yourself.<\/p>\n
That\u2019s right \u00a3180,000. With the new school term beginning this week, new research has revealed that living near an Ofsted-rated \u2018outstanding\u2019 secondary school can add \u00a3180K to the value of a property. In fact, parents face paying a significant \u00a3180,116 premium to live near one of England\u2019s \u2018outstanding\u2019 state schools, research from online mortgage broker Trussle has found.<\/p>\n
Ofsted rates schools are said to be outstanding<\/a> if they are judged to \u2018provide exceptionally well\u2019 for their pupils\u2019 needs and \u2018prepare them for the next stage of their education or employment at the highest possible level.\u2019<\/p>\n Trussle\u2019s research, which used Zoopla to analyse live asking prices in the postcode areas of all 703 Ofsted outstanding rated state secondaries, academies and colleges in England as of 14th of August 2019, found homes close to more than three quarters (76%) of England\u2019s best-rated state schools have asking prices higher than the \u00a3247,000 average house price.<\/p>\n However, it is parents hoping to move close to the outstanding Holland Park School in West London who face paying the highest price in the country to live in the catchment area, with average property prices costing \u00a33.42 million*<\/sup>. In fact, the research found that 19 out of the 20 most expensive areas with outstanding state schools are in London.<\/p>\n <\/p>\n Top 10 most expensive areas with \u2018outstanding\u2019 rated state schools:<\/strong><\/p>\n The research also revealed some better value options in London with ten of the top-rated \u2018outstanding\u2019 schools in postcode areas with typical asking prices under the London average of \u00a3467,000. For example, the capital\u2019s best value outstanding school was found to be Harris Academy South Norwood in London with parents needing \u00a3356,639 on average to move nearby**.<\/p>\n <\/p>\n Top 10 best value areas in London with \u2018outstanding\u2019 rated state schools:<\/strong>\u00a0<\/strong><\/p>\n Across England, the research located 167 top-rated state schools with homes valued under the national average price of \u00a3247,000. Out of all of the top-rated state schools in the country, Feversham Academy and Carlton Bolling College – both in Bradford, were found to have the cheapest nearby house prices \u2013 an average of \u00a391,634. Overall, six outstanding-rated schools in Bradford appear in the cheapest 10 areas of the country.<\/p>\n <\/p>\n Top 10 cheapest areas with \u2018outstanding\u2019 rated state schools:<\/strong><\/p>\n\n\n
\n School<\/strong><\/td>\n Average house price in postcode area of school<\/strong><\/td>\n<\/tr>\n \n Holland Park School<\/td>\n \u00a33,423,474*<\/sup><\/td>\n<\/tr>\n \n The Grey Coat Hospital<\/td>\n \u00a32,804,316<\/td>\n<\/tr>\n \n Pimlico Academy<\/td>\n \u00a32,804,316<\/td>\n<\/tr>\n \n The St Marylebone CofE School<\/td>\n \u00a32,737,792<\/td>\n<\/tr>\n \n Saint Thomas More Language College<\/td>\n \u00a32,680,913<\/td>\n<\/tr>\n \n Westminster Academy<\/td>\n \u00a31,854,859<\/td>\n<\/tr>\n \n Chelsea Academy<\/td>\n \u00a31,607,513<\/td>\n<\/tr>\n \n Ark King Solomon Academy<\/td>\n \u00a31,576,368<\/td>\n<\/tr>\n \n Central Foundation Boys’ School<\/td>\n \u00a31,535,137<\/td>\n<\/tr>\n \n Beaconsfield High School<\/td>\n \u00a31,474,930<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n School<\/strong><\/td>\n Average house price in postcode area of school<\/strong><\/td>\n<\/tr>\n \n Harris Academy South Norwood<\/td>\n \u00a3356,639**<\/td>\n<\/tr>\n \n Brampton Manor Academy<\/td>\n \u00a3365,836<\/td>\n<\/tr>\n \n Plashet School<\/td>\n \u00a3365,836<\/td>\n<\/tr>\n \n The Latymer School<\/td>\n \u00a3366,923<\/td>\n<\/tr>\n \n Ark John Keats Academy<\/td>\n \u00a3372,540<\/td>\n<\/tr>\n \n Little Ilford School<\/td>\n \u00a3394,971<\/td>\n<\/tr>\n \n Harris Academy Tottenham<\/td>\n \u00a3449,034<\/td>\n<\/tr>\n \n Harris City Academy Crystal Palace<\/td>\n \u00a3452,741<\/td>\n<\/tr>\n \n St Thomas More Catholic Comprehensive School<\/td>\n \u00a3464,776<\/td>\n<\/tr>\n \n Harris Academy Greenwich<\/td>\n \u00a3464,776<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n