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Aug 28 2017

The value of good schools

A German proverb goes something like  “Those who get lost on the way to school will never find their way  through life”. It goes some way to describing the importance that many  of us tend to place on the experience  of school, and those of us with children all know the familiar  conversation that happens from time to time; where we remind the  children of how essential it is that they pay attention, work hard and  so on (or you may remember your own parents having that very  conversation with you!).
Many parents recognise the importance of finding the right school for  their kids. In fact, recent research shows that one in four parents  will actually pay 12% over and above the market value of a home if it  places them in their desired catchment area.
The fact is, living in the catchment area of a school that achieves  an “outstanding” assessment by Ofsted is calculated by Rightmove to  attract a premium of £52,000! Living within a key catchment area is  quite  a major influencer in price and will certainly attract families with  children. This is information you should know when you bring your home  to the market.
Another aspect of interest here is the opportunity for landlords.  Amongst the research it was found that there are families who choose to  rent a property within a desirable catchment area for the duration of  their child's education, rather than making the financial commitment to  buy in the area.
If you're looking to purchase a property within reach of great  schools, or looking to sell your home, or just looking for a positive  change, at Rolfe East we think it's crucial to have local people on the  team  who will be able to share their knowledge of the area. Rolfe East has  over three decades of being a key part of the local community in Ealing,  so we're well connected with buyers, sellers and with other independent  professionals.

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