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An Education in Property

When looking for a new home, one of the main things which many families choose to consider is its proximity to a good school. Recent research from Santander bank revealed that one in four families have moved house or changed address in order to find a school place for their children, with one in six deliberately buying or renting a second property within desirable catchment areas.

In Edinburgh, there are numerous excellent schools – nursery, primary and secondary – in all areas of the city and this means that house hunters are not limited to specific postcodes when looking for their ideal home. However, there will always be areas with a particular “draw” for parents and in those areas properties are often snapped up quickly.

One such area, EH10, is a postcode which covers a wide geographical spread from Bruntsfield, Morningside, Buckstone, Fairmilehead, even out as far as Swanston, on the south of the city and there are various schools, both state and independent to choose from.

In North East Fife there is a range of excellent senior schooling. Waid Academy covers the East Neuk villages and towns, Madras services St Andrews and the surrounding towns and villages as far as the Tay bridge and Bell Baxter offer excellent schooling for the Cupar and the surrounding towns. Private schooling is offered by St Leonards in St Andrews and Dundee High School.

Of course properties which fall within the catchment areas for these desirable schools can come at a premium. Santander’s research from the Registers of Scotland indicated that parents were likely to spend 21% more on a property near their preferred school, adding an average of £34,000 to the cost.

While it’s understandable that parents want to ensure their children have a good educational start in life, it’s important that this doesn’t overstretch them financially. One in four of the survey respondents reported that they had “paid significantly more for a property” than they could afford.

Therefore it’s important to be as fully informed as possible. Along with researching the schools you are interested in, make sure you know what you can reasonably afford, and get mortgage advice from a specialist. Speak to a local property professional to find out more about what you can expect to pay in different catchment areas, and what you’ll get for your money.

Karen Turner is Property Director at Pagan Osborne. Drop her an email or call 0131 539 3333.


For more information on buying in particular school catchment areas, contact a member of our property sales team.

If you would like more information on mortgages, we can put you in touch with an advisor.

Use the ESPC’s school catchment search tool to find out what properties are available now in your desired areas.

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0131 624 6820 for Edinburgh or 01334 475001 for Fife to discuss your needs.

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Edinburgh
Clarendon House
116 George Street
Edinburgh
EH2 4LH Call Us
Tel: 0131 624 6820
Fax: 0131 220 1612
2 Comiston Road
Morningside
Edinburgh
EH10 5QE Call Us
Tel: 0131 539 3333
Fax: 0131 538 7204
St Andrews
106 South Street
St Andrews
Fife
KY16 9QD Call Us
Tel: 01334 475001
Fax: 01334 476322
Cupar
12 St Catherine Street
Cupar
Fife
KY15 4HH Call Us
Tel: 01334 653777
Fax: 01334 655063
1 Crossgate
Cupar
Fife
KY15 5HA Call Us
Tel: 01334 656525
Fax: 01334 654119
Anstruther
Pagan Osborne
5a Shore Street
Anstruther
Fife
KY10 3EA Call Us
Tel: 01333 310703
Fax: 01333 311918

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