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.
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.