Renting a property near to London’s best primary schools will see parents pay 18% more

Renting a property near to London’s best primary schools will see parents pay 18% more for their homes, says a report by Select Property.

Summary:

• It is 18% more expensive to rent a property in areas in London with top performing primary schools
• Kensington is the best location in London for primary schools
• Rents in Kensington can reach £658 per week

The cost of renting close to London’s best primary schools is 18% higher than the capital’s least performing schools.

According to Rentonomy, Kensington is the best area in the city for non-religious state primary schools, followed by Sheen, Richmond, West Norwood and Teddington.

The average score for schools in Kensington is 32.7 – 16% higher than the average level in London, based partially on Key Stage 2 2012 performance tables.

Kensington is also home to the most expensive primary school to rent a property near. Residents residing close to Fox Primary School in the W8 area can expect to pay £658 per week in rent, with the school achieving a rating of 32.7, indicating that price increases may be related to the quality of the education establishment.

The second most expensive school to rent close to is Thomas Jones (31.6) in Notting Hill with properties averaging £497 per week in this area.

However, Londoners do not need to break the bank to send their children to good-quality schools as the two top performing primary schools are in areas with rental charges of £191 per week and £258 per week (Newton Farm in Rayners Lane and Grinling Gibbons in Deptford respectively).

Parents might be tempted to look for a property to rent close to these two less expensive areas after LSL Property Services recently revealed the steep costs of renting in the UK. Last month, it reported that average rents in England and Wales were £737 per month in June, with this figure increasing for properties in the capital.

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