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Exam premium on house prices

House prices are more than pound;25,000 higher in areas where schools achieve good GCSE results, a survey has revealed.

Research conducted by the Halifax building society found that house prices were 12 per cent, or pound;25,100, higher in the 20 local authorities with the highest proportion of pupils achieving five C grades or better at GCSE in 2004.

In the top 50 high-achieving authorities, houses sold at 15 per cent above their region's average price.

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