School catchment areas seen a priority by homebuyers

That is the advice from independent estate agents and valuers Harrison Murray, on the back of a study carried out by Santander Mortgages.

The deadline for primary school applications for next September is around mid-January 2012. So if you have identified a preferred school – selling or buying your home and moving to the catchment area before Christmas could be the key to securing a place.
Development director at Harrison Murray, Jackie Scotten said: “School catchment areas have always been an important issue for homebuyers, but it seems that they are becoming more of a priority for many parents.
“With primary school applications for 2012 admission just a few short months away, now is a perfect time to move into the catchment area for a preferred school to get the family settled before the process begins.”

The findings of the study reveal that 37 per cent of people with a child aged 10, or under, placed securing a home and school of their choice as a top priority when moving. They would be willing to pay an extra £12,141 to do so.

In addition, one in four people with a child aged 11-17 see schooling as a major concern and would be willing to pay an £11,564 premium for the privilege.

People planning a move in general would be willing to pay an extra £5,663 on average to be able to set up home in a good catchment area.

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