Relocating parents looking to secure a place for their child at one of England’s top state primary schools are willing to pay on average 42% more to live close by, according to new analysis from a property website.

The study, from primelocation.com, which looked at asking prices in the vicinity of the top 100 state primary schools across England, compiled from a Department for Education league table, reveals how homes in these areas command an average price of £309,732 – £91,618 (42%) higher than the UK average of £218,114.

According to the report, primary schools in the East Midlands yield the biggest premiums on homes, with asking prices £82,000 (48%) higher than the regional average of £171,135. Properties near Orchard Church of England Primary School in Broughton Astley, Leicestershire – the top ranked school by educational performance in the region – have prices 11% (£18,000) higher than the regional average, while homes near the neighbouring Curbar and Grindleford primary schools in Hope Valley, Derbyshire, command average prices of £442,692 – £271,557 (159%) higher than the East Midlands average.

Yorkshire’s top primary school areas are close behind with average prices £75,000 (47.4%) higher than the rest of the region. Demand for properties near St Mary's Church of England Voluntary Controlled Primary School, the tenth highest-ranked primary school in the country, has led prices to rise to £275,642 – 75% higher than the average in the region.

While the added value of living near a top primary school in the North West stands at around £52,000, properties near St Joseph’s Roman Catholic Primary School in Hurst Green, Lancashire – ranked 27th in the UK –  have an average asking price of £572,421, two-and-a-half-times the average price for the area.

Asking prices in areas close to top ranked primary schools in London, where property costs more than the UK average, attracted the smallest premiums, with prices 7.4% higher.

Table showing the areas with the highest asking price premiums