Previously, parents would send their children to school from areas outside Birmingham such as Warwickshire. Local landlords rented out properties to teenagers who would live near their school during the week and then go home at the weekends, said Mr Dickson. 

Mosley is included in the catchment area for the King Edward VI Camp Hill schools, but the new rules mean out-of-towners who want to send their children to the schools must move closer in. Local values in King’s Heath, which is made up primarily of Victorian terraced houses, were up 15pc year-on-year, said Mr Dickson. 

The Birmingham neighbourhoods of Bartley Green, where homes cost £242,101, and Handsworth, where homes cost £219,419 – a 10.3pc saving on the local area – are also home to King Edward VI grammar schools.

Other hotspots in the West Midlands are Rugby, Wolverhampton, and Newport in Shropshire.

Where to buy in the East Midlands

Lincolnshire has 10 grammar schools in areas where homes cost less than £300,000: Bourne, Caistor, Spalding, Sleaford, Horncastle, Louth and Grantham.

Of these, Grantham, home to The King’s School for boys and the Kesteven and Grantham Girls’ School, has the best value homes. Properties cost £204,400, a 24.6pc saving on the local authority average.