Ton-yr-Ywen catchment area properties outperform Cardiff average by 76%

I was having a chat with a Cardiff 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 Cardiff 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 School Guide website, Ton-yr-Ywen Primary School is one of the best primary schools in Cardiff. Its figures are certainly impressive. Their last ESTYN Report was very good. There is also an excellent pupil/teacher ratio of 22.8:1. Looking at property sales within a quarter of a mile of Ton-yr-Ywen, property values have risen in value since 2002 by 147.88% whilst according the Land Registry, the Cardiff average as a whole has risen in the same time frame by 83.67%.

That means the parents of Ton-yr-Ywen have seen the values of their properties rise proportionally 76% more than the Cardiff average ... interesting don’t you think?

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% is, according to the London School of Economics, is considerably and significantly more.

Many other Cardiff landlords, both who are with us and many who are with other Cardiff agents, like to pop in for a coffee or ring/email us to  discuss the Cardiff property market, to consider how Cardiff compares with its closest rivals and hopefully we can answer all their questions. You must take lots of advice and seek out the best opinion.