APR 01] UNIVERSITY OF WARWICK NEWS
How Free Is A Comprehensive Education?
research from the University of Warwick has revealed how much
parents are prepared to pay to move to the catchment areas of
the best state schools.
Dennis Leech and Erick Campos of the University's Department of
Economics have carried out a study that shows that families may
have to pay a
premium of up to £20,000 to buy a house in the catchment area
of the most popular schools.
researchers made a case study of how housing costs in Coventry
are affected by the catchment areas of two of the city’s most
successful and most popular comprehensive schools – Coundon
Court and Finham Park.
schools regularly receive more first preference requests from
potential pupils wishing to study at the school than they have
1999 Coundon Court received 412 applications for 270 places
whilst Finham Park received 317 request for 230 places.
main criteria the schools use to resolve the over-popularity is
whether prospective pupils live within the school's catchment
area. The university researchers therefore tested the idea that
this 'catchment test' puts a premium on house prices within the
economists made a detailed analysis of advertised house prices
in Coventry. After eliminating the normal causes of house price
variation such as number of rooms, type of house, extra garaging
etc they discovered that location within the catchment area of
these two schools does significantly affect house prices.
with Coundon Court’s catchment area added 19% to the cost of
the house whilst location with Finham Park's catchment added 15%
to the cost.
the house price data was collected last July 2000 this factor
meant that a house in the Coundon or Radford areas of Coventry
outside the catchment of Coundon Court School cost on average
£53,510, while one within the catchment area cost on average
£10,006 more at £63,677.
effect was even more pronounced for houses in the Allesley /
Eastern Green area of the city where houses outside the Coundon
Court School catchment went for an average of over £111,000,
but those inside the catchment cost on average £20,000 more.
Finham Park School it was found that houses in the Earlsdon area
of the city outside the catchment cost on average £97,362
whilst those within the school's catchment area cost £14,500
report concludes that giving your children the best education
that the state can provide can cost you dearly - as much as
£20,000 if the Coventry situation is typical.
does that compare with going private?