Rat and Mouse
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Thu
26
Jun
Schools premium still good in Muswell Hill

20080626Hill

Woodland Terrace is a development of nine houses on Twyford Avenue, with their own tennis court right next door. But who cares about tennis, when you're a GCSE certificate's throw away from the popular Fortismere School? According to the Telegraph, the Woodland Terrace is proving crunch-resistant... the homes going on sale for between £500,000 and £800,000 above local average. Yet, no matter how many times I read the pertinent paragraph, the Rat and Mouse is struck by the fact that the homes are for sale, rather than sold. Fortismere's headteacher's funny, though:

"Some have suggested that this [premium] may run to hundreds of thousands, depending on the property. It would be interesting to speculate on what we could do at the school if all of these families, and the building developers, returned the favour by donating, say, five per cent of the value the school has added to their houses."

The Rat and Mouse bets you that won't happen.

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