School Catchment Areas: What Are They And How Could They Affect My Property Purchase?
Posted on 10th April 2020
It is that time of year again in which parents are expecting to find out exactly which school their little ones, or not so little anymore it may seem, will be attending when they start school in September 2020. The official release date, for the results, is Thursday 16th April 2020, and our Preston solicitors envisage that many will be sat at their computers in anticipation to receive the news.
Aside from the obvious, in that parents are eager to discover the fate of their child’s school life, the decision can have many subsequent affects on life, as we know it, in the future.
MG Legal’s Preston solicitors know, all to well, that the particular school a child is accepted in can affect the area in which the family reside at. For many, this can be a focal point and, for parents, or soon to be parents, when looking from their forever home, would be considering the local schools in the area.
Why is this relevant to Conveyancing?
With the deadline for the decision date looming, it is at this time of year that property prices can see a difference. This can occur for a number of reasons as, where a child secures a place at their first choice of school, this can give rise to a surge of panicking parents all competing for properties within the area.
This is where school catchment areas play a role which, essentially, means the geographical area in which pupils are eligible to attend a local school. ‘Really Moving’ found that over a quarter of parents relocate to a catchment area to ensure their child secures a place within their desired school, with 51%, of those surveyed, selling their previous homes in order to enable a move into a specific catchment area.
This can give rise to great competition for prospective property owners, to secure their child a place in the best performing school in the most desirable area, and ensure their child has the greatest start to school life. Such competition has been recorded to spike an increase in property purchase values, with more and more potential buyers competing with the best offer they can make. Research, carried out by Santander, noted that prices in such areas had reached increased premiums of as high as £27,000.00 across the UK.
This should, of course, be considered in accordance with the realistic affordability and ability to meet monthly mortgage repayments, the cost of living in the area, other amenities, transport and roadway facilities and career options, as examples. We all want the dream home and, when searching for perfection, our Preston solicitors understand that there can be an overwhelming number of decisions to be made and considerations to be had.
If this is the case, don’t let legal fees be an additional worry. Contact MG Legal’s local solicitors today for a fixed fee, competitive quote, at email@example.com. Our team of property solicitors in Preston are on hand to guide you through the process, meaning your conveyancing transaction is one less thing to worry about. Leave the work to us, whilst you worry about school uniforms and stationary, amidst the excitement of your little one heading off to school.
Get in touch today, for the assistance of your trusted local solicitors, MG Legal.
MG Legal – Your Local Solicitors
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