Does a good Ofsted report affect property prices?

  • House prices are significantly higher in the catchments of Ofsted ‘outstanding’ primary schools, even compared to those ranked ‘Good’ in their Ofsted report.
  • Average sale prices are 10% higher around a primary school with outstanding status, (based on £ per sq ft and compared with good status), while average rents are 5% higher.
  • There’s a similar price difference of 8% between ‘Good’ and ‘Requires improvement’ – the next Ofsted category down. Below that, the impact on house prices seems to fall away.
  • There are regional differences. The relationship between Outstanding school designations and house prices is strongest in the North West. Source: Dataloft, Land Registry, Ofsted (last 12 months

The borough of Croydon has many schools that are rated as outstanding by Ofsted. These span across the borough, incorporating Thornton Heath.

Generally, schools in the South Croydon area help properties to command a higher asking price than properties in Thornton Heath, as well as, East and West Croydon. This is despite the latter locations offering superior transport links and a shopping centre.

If you are thinking of moving in or out of the Croydon Borough and would like to get an idea of property prices, please give us a call on 0330 043 0002 and speak with one of our friendly Property Experts who will be happy to assist you.

Leigh Thomas – Truuli Property Expert

Does a good Ofsted report affect property prices? Read More »

What local amenities are important to you?

  • Proximity to local amenities is an important or very important consideration when choosing a rental home for over 75% of renters (Dataloft, Property Academy, 2021). But how are these considerations reflected in rental values?
  • Taking five ‘location features’ commonly used to describe properties on the market, we calculated which of them had had the greatest influence on rents achieved since the market reopened following the Covid-19 pandemic.
  • For renters, being close to an ‘outstanding’ Ofsted rated primary school or a public park had less influence on values than proximity to a town centre. Overall, proximity to a large town centre had the biggest impact.
  • There were significant differences between regions. The influence of a large city is not surprising in Greater London but was also strong in Yorkshire and the Humber. Being close to a station was a major factor in the East of England and North East but only in the East Midlands did proximity to an outstanding rated primary school stand out as a strong influencer for renters. Source: DRMA, Ordnance Survey, Open Street Map

Thornton Heath is a district of Greater London, England, within the London Borough of Croydon. It is around 1.5 miles north of the town of Croydon, and 7.2 miles south of Charing Cross.

We are lucky to have a number of train stations that are easily accessible from Thornton Heath such as Selhurst, Norbury, East and West Croydon, as well as Thornton Heath itself which is on the London Victoria branch of the Brighton Main Line. The large majority of the aforementioned stations are within a saunter of the High Street, or just a short bus ride away.

Croydon University Hospital, known from 1923 to 2002 as Mayday Hospital and from 2002 to 2010 as Croydon Hospital, is a large NHS hospital in Thornton Heath run by Croydon Health Services NHS Trust. It is a District General Hospital with a 24-hour Accident and Emergency department, with the hospital based on a 19-acre site to the north of central Croydon.

Along the high street, where the Olympic torch was carried in 2012, there is a modern, well-equipped Leisure Centre which recently underwent multi-million-pound refurbishment.  Thornton Heath formerly had a Non-league football club, Croydon Athletic, which played at the Keith Tuckey Stadium; but the club ceased to exist at the end of the 2010–11 season. In 2012, fans of the club formed AFC Croydon Athletic, which plays at the Mayfield Stadium. In 2015 the club competed in the Southern Counties East League.

Thornton Heath is also home to the historic rugby club Streatham-Croydon RFC founded in 1871. Their grounds and clubhouse are located in Frant Road off Brigstock Road.

Thornton Heath is also home to a number of large supermarkets such as Sainsbury’s, Iceland and Tesco Superstore which is open from 11 pm Monday to Saturday and 5 pm on Sunday. If you are seeking something delicious to eat there is a variety of eateries to choose from with delicacies from a host of different cultures.

All of these things, along with some affordable Victorian homes, make Thornton Heath a very popular location with renters and home buyers alike.

Leigh Thomas – Truuli Property Expert

What local amenities are important to you? Read More »

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