UK primary schools that perform well can help their local housing market, it has been revealed.

Private landlords looking to boost their property portfolios with good investments may therefore wish to purchase residences in areas which boast renowned education providers.

Nationwide Building Society - which will publish its UK house value figures for November next week - conducted the study and found that a ten per cent higher SATs attainment can equate to a property price premium of 3.3 per cent.

This premium is reportedly highest in the Yorkshire and Humberside region.

Martin Gahbauer, chief economist at the building society, said: "The extent to which primary school performance affects property prices will depend upon the range of schools in the area."

He added that the quality of local schools is likely to be a consideration for parents when buying a home, but it is only "one of a number of factors"that have an effect on the price of a home.

The economist also suggested that building loft conversions and adding extra bedrooms typically add more value to a home than the proximity of a good primary school.

Written by John Weeks

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