The Intermediary – February 2025 - Flipbook - Page 78
L O C A L FO C U S
Doncaster
Each month, The Intermediary takes a close-up
look at the housing market in a specific region and
speaks to the experts supporting the area to find out
what makes their territory unique
Focus on ...
JESSICA O’CONNOR
is senior reporter at
The Intermediary
Doncaster
he property market in
Doncaster is undergoing
a transformation,
shaped by shiing local
trends and the influence
of wider economic
factors. As homebuyers and investors
adapt to changes in property demand,
spurred on by the upcoming Stamp
Duty deadline, and ongoing changes
in mortgage availability, the area
continues to reflect broader paerns
seen across the UK.
Locally, Doncaster is experiencing
a mix of opportunities and challenges
that are redefining its appeal to firsttime buyers, seasoned investors, and
home movers alike.
This month, The Intermediary sat
down with property experts from
the area to examine this dynamic
landscape, exploring how brokers
and buyers have been navigating
Doncaster’s evolving housing market,
even in the face of broader challenges.
T
Current values
The average property price in
Doncaster stands at £181,000,
compared to an average of £346,00 in
England and Wales overall. Despite a
modest yearly decline of £3,500 (2%)
the month before, December 2024
showed prices remaining steady.
Established properties typically
sell for £179,000, while newly built
homes command a higher average of
£215,000.
78
The Intermediary | February 2025
In 2024, there were 8,600 property
transactions, marking a significant
22.6% drop (2,700 fewer sales).
The most active price bracket was
£100,000 to £150,000, accounting for
25.8% of sales, followed closely by
the £150,000 to £200,000 range, with
24.5% market share.
Doncaster’s most affordable area
is DN32 7, with an average price of
£56,700, while DN10 5 tops the scale at
£435,000.
Detached homes average £288,000
while semi-detached homes are priced
at an average of £165,000. Terraced
homes in the region typically set
buyers back £110,000, as flats cost
around £113,000.
Resilient market
While the national market has seen
fluctuations due to rising interest
rates and inflation, Doncaster has
remained steady, aracting buyers
who prioritise long-term value over
short-term speculation.
Ben Oliver, senior mortgage and
protection adviser at Just Mortgages,
says figures indicate a robust housing
market, with both property values and
rental prices experiencing significant
growth over the past year.
Paula Bingham, managing director
at Belle Maison Mortgages, adds:
“Doncaster balances resilience with
affordability, drawing steady demand
from families and first-time buyers
despite broader economic headwinds.”
She explains that, while some
areas have seen dramatic price
fluctuations or speculative buying
sprees, Doncaster remains grounded
in value and long-term potential,
adding: “Buyers here aren’t chasing
fleeting trends – they’re securing value
in areas where practicality meets
future promise.”
This pragmatic approach has
allowed the market to maintain steady
growth without the volatility seen in
other parts of the country. However,
even a resilient market is not immune
to shiing buyer behaviour.
Liane Clarking, adviser at Ideal
Financial Management, points out
that while demand remains strong,
some buyers are moving with greater
