Could expensive catchment areas make flats to rent appealing?

Could expensive catchment areas make flats to rent appealing?People may want to consider flats to rent in London if they hope to get their child into a good school, as buying a property could prove to be expensive.

Nigel Ellis, director at Picket & Ellis, said because of the tight criteria, people will "pay more to get into a house that is within that distance of a school".

He said in some areas of the capital, such as Broadway and Muswell Hill, homes in a school catchment area could be between £100,000 and £200,000 more expensive.

"If you spent the same money elsewhere you would probably get a better and nicer house," Mr Ellis continued, which may encourage people to consider renting instead.

He also said school catchment areas seem to be getting smaller and there has been a shortage of properties over the past few years.

The expert's comments come after Nationwide revealed last month that parents are willing to pay £8,670 more for a home in a good school catchment area.

Posted by Ben Carter

Published 13th September, 2010

© 2010 Estates IT Limited

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Houses in good school catchment areas are often more expensive than other properties, it has been claimed.

Could expensive catchment areas make flats to rent appealing?

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