A new study has shown that parents in England are prepared to pay a considerable premium if they want to live near a top state secondary school.
The report showed that homes near the best secondary schools command an average house price of £415,844, adding 45pc to the English average.
The data from Lloyds Bank reveals that over the past five years, the average property price in areas with a top-performing state school has grown by £116,696 (39pc), compared to a rise of £51,264 (22pc) across England.
Rental prices are similarly affected by the location of secondary schools.
The study noted how this can impact on the social mix of those state schools, stating “The popularity of areas close to high performing schools may mean that homes remain unaffordable for buyers on average earnings.”
Many families do make house buying decisions without fully understanding their preferred school’s admissions criteria. For example, a selective grammar school or faith school will view the location of the house as a less important consideration than academic ability or church attendance when admitting pupils. Even factors such as sibling priority can alter the “catchment” area of a school year on year, especially in urban areas.
Dean Associates’ annual review of independent school fees across the UK has shown an average rise of around 3.5% from academic year 2016/17.
This is similar to the rise over the previous year, but a little higher than the three year period 2012-2015 that saw increases capped at just around 3% per year. The chart below shows how this figure has evolved since 2009.
The independent schools market still appears to be strong, with high demand in most urban areas, although more flexibility on space in rural day schools, especially at primary level.
There is still much debate about the validity of the independent school sector’s charitable status with some critics arguing that the fees should be eligible for VAT – however, this is unlikely to come into play unless a new General Election bring the Labour Party into power.
Many independent schools are also trying to counter this argument – offering greater public access to their facilities and a wider range of means-tested bursary places.
In the last few days we’ve seen pledges from both the Liberal Democrats and Labour to increase funding across education, the Liberals Democrats by £7 billion and Labour by £5.5 billion. In both Labour and the Liberal Democrat plans the lion’s share of the proposed funding would go on schools, with both planning to scrap the current Government’s plans to invest in grammar schools.
Labour are also pledging to reintroduce the university maintenance grant and may set a longer term goal of scrapping university tuition fees, something the Green Party has also indicated that they would do.
And the newly released Conservative manifesto aims to put £4 billion into the schools budget by 2022. At the same time they will establish at least 100 new free schools per year, remove the ban on grammar schools and introduce a specialist maths school in every major city across England. Theresa May also plans to require universities charging maximum tuition fees to ‘become involved’ in academy sponsorship or the founding of free schools.
Interesting times… we’ll keep you updated as the policies evolve.
The International Baccalaureate (IB) Diploma is increasingly the first choice qualification for internationally mobile families.
Well respected by universities around the world, it offers students breadth and independence.
Its simple scoring system – a mark out of 45 – provides clarity on a student’s work ethic and potential.
Being a qualification originally designed for internationally mobile families, it also should allow a student to transfer during the two-year course.
Although Dean Associates would generally advise that the two-year diploma course should never be interrupted if possible, we have had a number of families who have had to move and we have been brought into help as they have run into difficulties.
So what is important to consider when such a move is contemplated:
Course matching – can the new school match the courses that the student is currently taking.
Flexibility – if one or two courses are not available does the school have the ability to offer an alternative that would allow knowledge transfer in a similar discipline. For example Environmental Science could be swapped for Geography.
Course content – what order have the courses been taught in the current school, how different is the the curriculum in the two different countries.
Independent work – is the student prepared to buckle down to make up time if discrepancies found in course content.
Timing – when is the right time to move? Immediately or at the mid point at the end of Grade 11.