When it comes to selling your home, it is essential to know the factors which influence property prices and values. There are some factors which relate to the house, which you can control, and there are some external factors, and you do not have much control over. One of the external factors which affect property prices is school places and ratings, and Wembley homeowners must be aware of the influence of local schools on property values.
The Department for Education, earlier in 2019, stated that prices for houses near a good school could be over 18,000 pounds higher than the average property price in England. Understandably, this figure rises in London. Home prices for the capital for areas close to the top 10% of primary schools in the country increase by 38,800 pounds. Areas for primary and secondary schools which have an Outstanding school, per Ofsted ratings, see the most significant spike in property prices.
There is also competition for properties in areas close to over-subscribed and highly regarded schools. If you are a homeowner who does not need to worry about school places for your children, the influence of schools may be overlooked, but it could give you a boost when selling your homes.
Outstanding primary schools in Wembley according to Ofsted: .
Outstanding secondary schools in Wembley according to Ofsted:
There are also numerous Wembley schools classed as Good by Ofsted, which means this is a suitable area for parents looking to place their children into an appealing school. Of course, there are also schools with a strong reputation for sports and drama, which may be more attractive to parents with children whose talents lie in these fields.
With many parents willing to pay a premium price to allow their children access to a well-regarded school, it is no surprise that there is a significant demand for property in Wembley. It is not as if every buyer is purchasing a home in the area because of the schools, but it is a significant factor to consider when placing a house onto the market.
If you are looking to sell your Wembley home, it makes sense to call on a local estate agent who knows the area and what buyers expect in the local area. If you would like to arrange a valuation for your property, we can arrange this, and we can talk you through the sales process.
We are pleased to say we have helped many Wembley vendors sell their home, connecting them with buyers. We know what buyers are looking for, and this includes the importance of local schools. When it comes to selling your home, trusting a local estate agent will make the process more straightforward, and we look forward to assisting you in selling your Wembley home.