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MOVING into the catchment area of a good school is becoming more and more important for homebuyers, according to a national report.
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MOVING into the catchment area of a good school is becoming more and more important for homebuyers, according to a national report.
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.
On average, people would be willing to pay an extra £5,663 to be able to set up home in a good catchment area.
The trend has been rubbing off on potential buyers looking towards the Scartho Top area of Grimsby - where Linden Homes is currently entering a new building phase of its popular Ferriby Rise development.
With the first of the two, three and four-bedroom homes due for completion in early 2012 - interest in the development has been heightened by the prospect of a new primary school for the area.
Coast Living is the company behind plans for a new free school in Scartho Top in 2012, which it says will offer education opportunities for youngsters aged between four and 11.
Linden Homes' sales director Steve Woomble said: "Interest in our Ferriby Rise development has been continuous, and we are delighted that our latest phase of new homes has already attracted a number of early reservations.
"News of a possible new primary school in the area has certainly created something of a buzz, backing up the research that schools and education remain a priority for home hunters when choosing their location."
Notes to Editors
About Linden Homes, Galliford Try's Housebuilding Division
Linden Homes is Galliford Try's award-winning housebuilding division and is the sixth largest residential developer in the UK, specialising in high quality, individually designed schemes across the country.
Currently developing around 2,200 homes annually, Linden Homes holds a landbank of 10,000 plots, 80% of which are on brownfield sites. The company is also leading the way in sustainable construction with its flagship development, Graylingwell in Chichester, the UK's largest zero carbon scheme.
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