House prices of homes within the catchment area of Britain's best schools are 35% higher than the rest of the UK and parents are prepared to cough up £77,000 more than the average cost of a property to move into them, new research has revealed.
It costs, on average, £298,378 to invest in property in the catchment area of one of Britain's top 50 state schools despite the average house price in the UK being £221,110, according to figures from estate agent PrimeLocation.
The research shows that the school with the priciest houses in its catchment area is the Henrietta Barnett School in north London, with homes near the secondary school costing an average of £655,429.
Inspectors found the school to be outstanding during its last report by the education regulator Ofsted.
The homes surrounding St Olave's and St Saviour's Grammar School in Orpington, Kent - ranked as the second best state school in the UK - have also seen their prices greatly inflated.
Copyright © Press Association 2011

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