NEW research has found Colwyn Bay to be the most expensive school catchment area in Wales.

This follows an investigation by Online Money Advisor, who ranked Colwyn Bay as the Welsh town with the highest premiums for living close to a school.

Indeed, the average property price within 0.5 miles of a school was found to be 24.28 per cent higher in Colwyn Bay than those further away.

Rhyl also ranked 10th-highest, with a 1.20 per cent increase on the average property price within 0.5 miles of a school.

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Meanwhile, St Mary's Primary School in Cardiff is the Welsh school with the most expensive catchment area, with the average property within 0.5 miles of the school costing £595,313.

Across Wales as a whole, homes close to schools increased in price by 6.09 per cent - the largest increase of any UK region measured.

The study was conducted across England, Wales and Scotland to see where in the country prices fluctuated the most as a result of proximity to a school.

By contrast to Wales, in London, where demand to live near a school is smaller, average house prices were only 0.45 per cent higher when located within 0.5 miles of schools.

Online Money Advisor examined the prices of 57,708 homes in 232 towns and cities across Great Britain, comparing their price differences separately for two-, three-, and four-bedroom homes.

In addition, it determined which schools in towns and cities have the most valuable properties nearby by ranking their average prices within 0.5 miles.

In this section of the analysis, only two-bedroom, three-bedroom, and four-bedroom homes were considered, so some wealthy areas with large homes and mansions nearby schools were excluded.

Data from Zoopla was used and is accurate as of November 2022.