A family home, on the doorstep of top local school, Daniel Pienaar High School in Uitenhage, has just become available to purchase. Available through Chas Everitt Nelson Mandela Bay, the secure, four-bedroom home is on the market for R640,000.
“Situated in the popular Fairbridge Heights, this home is neat and well-maintained and ideal for a family to move into straight away,” comments Chas Everitt Nelson Mandela Bay agent Venessa Lotter.
It is well-documented that being close to a good-quality school has a postitive impact on house prices. “Location, location, location, are the three key words when it comes to property,” adds Chas Everitt Nelson Mandela Bay Principal Charlotte Vermaak. “This Fairbridge home represents a great investment too, as well as an ideal family home.”
International research suggests that schools slightly above average in terms of the performance of its pupils attracts a house price premium of around 3%. This means that a school at the top of the league tables attracts a premium of around 12% relative to one at the bottom. “A link between better schools and higher house prices has emerged as one of the most stable observed regularities, with studies worldwide reporting effects of a similar magnitude,” concludes Vermaak.
For more information of viewings, call Venessa Lotter, Chas Everitt Nelson Mandela Bay on 082 771 9894.
Author: Kimberley Clare Ogden
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