{"id":13631,"date":"2015-09-11T16:07:41","date_gmt":"2015-09-11T16:07:41","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13631"},"modified":"2015-09-15T11:56:47","modified_gmt":"2015-09-15T11:56:47","slug":"premiums-for-schools-tube-stations-and-now-the-name-of-the-thoroughfare","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13631","title":{"rendered":"Premiums for schools, tube stations and now the name of the thoroughfare?"},"content":{"rendered":"<p>It has long been known that if you want your child to go to a particular school \u00e2\u20ac\u201c an \u00e2\u20ac\u02dcover-subscribed because it\u00e2\u20ac\u2122s really good\u00e2\u20ac\u2122 school \u00e2\u20ac\u201c you stand a better chance if you live close to it, rather than miles away.<\/p>\n<p>Lloyds Bank have quantified this by looking at top state schools and the property prices near to them. At the top of the list, properties near to Beaconsfield High School averaged 186% higher than the adjacent areas at \u00c2\u00a3636,132. Houses next to Henrietta Barnett School in Hampstead Garden Suburb command 76% more than houses a bit further away.<\/p>\n<p>In six of the 30 postal areas, the premium for living close to the school exceeds \u00c2\u00a3125,000.<\/p>\n<p>Savills report that in London, the number of Tube Stations close to which (within 500m) the average property price is more than \u00c2\u00a31,000,000 has risen from 11 to 58 in 5 years. The top ones include Knightsbridge (where the average house price is over \u00c2\u00a34m) and South Kensington (over \u00c2\u00a32.5m), but joining them are Wimbledon Park, Highgate and Golders Green (just over the \u00c2\u00a31m mark). There is now one area in Zone 6 which has average house price of over \u00c2\u00a31m: \u00c2\u00a31,605,714 in Moor Park.<\/p>\n<p>Recently, Barclays Mortgages, in conjunction with HomeTrack, conducted a study to see if the price of a house in the UK is different on a street, or on a road, or on a lane. It turns out, it is! They compared Avenue, Close, Drive, Lane, Road, Street and Way. Properties on a Lane averaged \u00c2\u00a3246,906, whereas on a Street, the average was \u00c2\u00a3142,374, over \u00c2\u00a3100k different.<\/p>\n<p>All regions \u00e2\u20ac\u201c except London \u00e2\u20ac\u201c have Street as the cheapest. However, the most expensive is regional: in London, a typical house is \u00c2\u00a3424,841, whereas if it is on a Street, it is \u00c2\u00a3566,406 &#8211; \u00c2\u00a3140k more \u00e2\u20ac\u201c and Close was the cheapest at \u00c2\u00a3332,948. In Northern Ireland, Road was the dearest, and in Scotland the most expensive were on a Close.<\/p>\n<p>In case you are interested, the order from most expensive to least was Lane, Way, Road, Close, Avenue, Drive and Street.<\/p>\n<p>When Zoopla analysed London house prices, they found that all the most expensive \u00e2\u20ac\u0153streets\u00e2\u20ac\u009d were in Kensington. The top ten, however, were all Gardens, Avenue, Place or Crescent \u00e2\u20ac\u201c not a Street among them.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.PropertySurveying.co.uk\">www.PropertySurveying.co.uk<\/a><\/p>\n<p style=\"text-align: left;\">PP<br \/> 06.09.15<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has long been known that if you want your child to go to a particular school \u00e2\u20ac\u201c an \u00e2\u20ac\u02dcover-subscribed because it\u00e2\u20ac\u2122s really good\u00e2\u20ac\u2122 school \u00e2\u20ac\u201c you stand a better chance if you live close to it, rather than miles away. Lloyds Bank have quantified this by looking at top state schools and the property &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=13631\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Premiums for schools, tube stations and now the name of the thoroughfare?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-13631","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Premiums for schools, tube stations and thoroughfare type<\/title>\n<meta name=\"description\" content=\"It has long been established that proximity to a good school can inflate a property&#039;s value, but recent research indicates that thoroughfare type also can\" 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