Christ Church catchment area properties outperform Hampstead average by 43.48%

I was having a chat with a Hampstead property investor the other day, when he asked if schools, especially primary schools, affected the local property market in terms of demand from buyers and tenants to a property.  Anecdotally, I have always known this to be true, a good school creates good demand and good demand does affect house prices.  So, I asked my colleagues on the front line, who take the phone calls from people putting themselves on our mailing list and they confirmed that most people cite location as their number one factor.

After looking through our mailing list, it confirms there is a close correlation between the high demand areas of Hampstead and the close proximity to a good primary school.  Talking to my team in a recent morning meeting, they agreed many people would look to increase their budget quite significantly, whilst others would consider downgrading their property requirements to be close to a good primary school.

Those of you who regularly read this blog will know I like a challenge, so I decided to look at the science behind these assumptions.  According to the SchoolGuide website, Christ Church Primary School is one of the best primary schools in Hampstead. Its figures are certainly impressive. Their last Ofsted Report classified it as Outstanding, 100% of 11-year pupils achieving Level 4 or above in maths, reading and writing whilst 67% of them achieved level 5. There is also a great pupil/teacher ratio of 19:1. Finally, the schools’ KS2 rating was classed as Excellent.

Looking at property sales within half a mile of Christ Church, property values have risen since 2001 by 206.67%, whilst according to the Land Registry, the  Hampstead average as a whole has risen in the same time frame by 163.19%.

That means the parents of Christ Church have seen the values of their properties rise proportionally 43.48% more than the Hampstead average ... interesting don’t you think?

See the graph below.

However, whilst a good primary school significantly contributes more to house prices, the same can’t be said for secondary schools. There are two reasons for this, firstly, as secondary schools are much larger, so their catchment areas are correspondingly much larger, meaning parents don’t need to live so close to the school. Secondly, in the UK, whilst the difference between the top 25% and bottom 25% of secondary schools is not insignificant, in the primary school sector, the difference between the top 25% and bottom 25%, according to the London School of Economics, is considerably  more.

Many other Hampstead landlords, both who are with us and many who are with other Hampstead agents, like to ring/email us to discuss the Hampstead property market, to consider how Hampstead compares with its closest rivals and hopefully we can answer all their questions. 

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If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

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