£34,000 extra to live near top state schools

Julia Kollewe

AFP/Getty Images

Parents have to fork out almost £34,000 extra to live close to England's top performing state schools.

The premium they have to pay for having a home close to the best state schools (£33,631) is almost three times the average annual private school fee of £11,422, according to new research by Lloyds TSB. Is it worth paying this huge premium?