House buyers pay 2.6% more on average to live close to school

People are paying 2.6% more on average for a property near a secondary school compared to similar houses 1km away, a report from Daft.ie has found.

With the average home costing €215,000 in 2016, this works out as a price premium of nearly €5,600.

Moreover, a school’s record with students going on to higher education also impacts on house prices, the study found.