Homebuyers face paying a third more to live near top schools

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HOMESEEKERS in the North East face paying an extra 29.2 per cent when buying a house near a top state primary school, research suggests.

Property website PrimeLocation.com said that on average, people across England face an average premium of around £91,000 for such locations.

The website looked at asking prices in the surrounding areas of the top 100 state primaries across England, using official education figures.

It found that homes in top primary school areas command an average price of £309,732, which is £91,618 or 42 per cent higher than the typical price of £218,114.

Property analyst Nigel Lewis, said: “Analysis conducted in September 2011 revealed that living near one of the 50 best secondary schools in the UK adds an extra £77,000 to the value of a home – £14,000 less than living near one of the nation’s top primary schools.”

The figures show that the typical asking price for a house in the North East was £148,121.

For a property near a top primary school, the figure rises to £191,439.