Families in central Scotland can still snap-up property bargains in catchment areas of some of Scotland’s best performing state schools, according to research conducted by Scottish Property Centre.
Below average house prices have been identified in areas around some of the highest performing secondary schools in Lanarkshire, Glasgow, East Renfrewshire and Argyll and Bute.
East Renfrewshire has three of Scotland’s most successful schools for exam performance, but only two of them command a premium property price suggesting a good education is available for a relatively good price.
Properties near Mearns Castle and St Ninian’s High Schools are around 20% above the council average, costing more than £300,000, but houses near Williamwood High are 20% below average at just over £200,000.
The high concentration of rated schools in East Renfrewshire could be dampening the demand for houses near the third best school, despite its relatively stellar performance in Scotland, our figures suggest.
Homes around St Andrews and St Bride’s High School in South Lanarkshire, which is ranked 18th for exam performance, typically cost £13,175 less than the £156,756 council average while in the catchment of Our Lady’s High School, Cumbernauld, ranked 41st, typical house prices are £36,495 below the average for North Lanarkshire.
Homes in the postcode area surrounding Tarbert Academy in Argyll and Bute, ranked 42nd typically cost £11,031 less than the council average of £183,031.
Meanwhile in Glasgow some of the best deals are to be had in the catchment of Holyrood Secondary, ranked 82nd, where property prices are typically £50,437 less than the £175,907 city average.
Elsewhere in the city, however, buyers can pay some hefty premiums for choosing the right school for their children.
Homes around Glasgow Gaelic School, which is in the top ten, cost 63% more than the council average, and prices have risen by a fifth in two years.
Elsewhere in the central belt houses near Gryffe High School, in Renfrewshire, come with a 57% premium, while houses near Bearsden Academy in East Dunbartonshire are 49% more expensive than the council average and have risen 25% in two years.
Archie Love, Director of Scottish Property Centre Motherwell, said: “Glasgow and its surrounding areas has an established commuter tradition and infrastructure allowing families to move out of the city to suburban locations where they can access both top performing schools and and desirable family housing stock.
“There’s an expectation that the catchment areas around the best schools will also have the highest property prices but that’s not always the case.
“Our analysis shows that there are still some great, affordable homes on the market in places where parents can be sure of a first-class state education for their children.
House prices near the bottom ten schools averaged about a third below the local authority averages. Houses near Lochend Community High, in Glasgow’s east end, are 65% below the area average at £55,600.
For more information on property prices in the catchment area of your local school contact your local Scottish Property Centre or visit www.scottishpropertycentre.net