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Purplebricks plc

Parents pay up to 102% more to live by the best schools

Parental home buyers are paying up to 102% more to live near the top performing schools, according to research by GetAgent.

Its figures show that home buyers are paying 28.6% more than the average house price in England to live near a secondary school and 19.7% more to live near a primary school.

When looking at top tier primary schools, where 40% or more of pupils are achieving high scores in reading and maths, the average house price climbs to £499,249 – a 69.6% house price premium compared to schools with a score below 40% and 102.3% more expensive than the national average.

Purplebricks Group plc (LON:PURP) engages in estate agency business in the United Kingdom, it provides services relating to the sale of properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.