If you are looking to buy or sell a property, there is a wide selection of matters to consider. While the size of the home and the condition of the property are critical factors, there are often many external factors which determine what a potential buyer is willing to pay for a home.
If you are looking at the Bournemouth property market, there is a lot to consider, and you need to think about varying factors which shape buyer intention. Transport is a crucial factor, because people want a simple yet effective commute. This is why many people are happy to pay a higher price in an area that is well connected.
There is a lot to consider in the Bournemouth property market
Bournemouth has a lot to offer in a social setting, which is a positive factor for many people. Living close to the seaside is a positive thing for many buyers; and it will influence what a person thinks about property. However, when it comes to external factors which drive buyer demand and increase house prices, it is hard to look further than local shapes and the education on offer in an area.
The DfE suggests great schools have a key role to play in property prices
In a study undertaken by the Department for Education, the DfE, it was found house prices are 8% higher for homes located close to the best primary schools. With secondary schools, house prices are 6.8% higher when they are close to a well-regarded school.
For England, the increase in home prices that are close to a good secondary school is £18,600; and for secondary schools, the increase is £15,800.
Bournemouth has many Outstanding schools
You don’t have to look too far to find Bournemouth schools which have been rated Outstanding by Ofsted. Some of the leading options include Linwood School, Bournemouth School, Bournemouth School for Girls and Tregonwell Academy.
For primary schools, Queen’s Park Academy has an Outstanding rating, while you have many schools with a Good rating, such as St Luke’s Church of England Primary School and Corpus Christi Catholic Primary School.
Even though Ofsted ratings are extremely useful, and a natural place for parents to start their search, it is just one of the factors to take on board. Some of the local schools in Bournemouth have a very strong reputation while not scoring too well with Ofsted. Also, some of the Ofsted ratings are outdated, and some schools have improved their standards since the most recent review.
A good education is vital for families
All parents understand the importance of education; and it makes sense for finding a home close to a good school is a priority for most parents. Anyone looking at the Bournemouth property market, needs to pay some attention to schools.
If you plan on selling your home in Bournemouth, contact us and we can help. We can arrange a property valuation for you, and we will ensure you connect with likely buyers. No matter what your next move in the market is, we are here to assist you.