Parents pay 45pc premium to live close to top-performing English state schools
Average property prices in the postal districts of the top 30 state schools in England – defined as the secondary schools that achieved the best GCSE results – were on average £43,490 (12pc) higher than other locations in the same county, Lloyds found.
Homes close to the Henrietta Barnett School in Barnet command the second-highest premium of £367,632, or 59pc, while homes near Dr Challoner's Grammar School in Buckinghamshire cost £246,598 (62pc) more than the county average.
This means that parents who earn an average salary of £38,730 will find it difficult to purchase a property close to many of the best state schools. The average house price of £415,844 in the postal districts of the 30 best performing state schools is almost 11 times average gross annual earnings.
That being said, parents don't always have to pay a premium to live near a top-performing secondary state school.