Since league tables were introduced in 1992, there have been many reports suggesting that you would pay up to a 34% premium for properties in high performing school catchment areas!
Back in October 2007, Savills' research suggested that prices for property in poor performing school areas led to properties being worth 10% less than other homes, 13% more for good state schools and up to 15% more for good private schools.
So has the recent house price crash made a difference to premium prices for good schools? Nationwide have issued a recent report that suggests not.
What does it mean for all those mums and dads, buyers who can't afford to live near their favourite school or those who don't have kids at all?
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