Although the premium for being close to a secondary school has fallen since the boom, the latest Research Report from Daft.ie concludes that people are paying an average of 1.6% more to live close to a secondary school in Dublin and an average of 2.6% nationwide.
Taking an average price in Dublin of say €400,000, this would translate into a difference of €6,400.00 for a house that is 100m from post-primary school, compared to a similar property 1km away from the same school.
However, the report also finds evidence that supports the idea that houses close to better schools enjoy a bigger price premium than others.
Schools with more than 80% of students progressing to higher education had an average of 4.3% premium on their sale price, in comparison to 0.5% for schools sending less than 50% of students to higher education. That’s almost ten times as large of a premium.
Taking the same price in Dublin of €400,000, this would translate into €17,200 for a house close to a school with 80% of students progressing vs €2,000 for a house close to a school sending fewer than 50% of students to higher education.
You can view the full Daft.ie Secondary Schools Report 2016 here.
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