The Intermediary – February 2025 - Flipbook - Page 81
L O C A L FO C U S
Doncaster
Residential appetite
BEN OLIVER
senior mortgage and protection adviser at Just Mortgages
F
igures indicate a robust housing market in Doncaster, with both
property values and rental prices experiencing significant growth
over the past year. e rising property values in Doncaster
present opportunities for investors seeking capital appreciation.
Additionally, increasing rental prices suggest a favourable
environment for BTL investments, offering the potential for attractive
rental yields.
ere has been a noticeable increase in appetite for residential
mortgages, as evidenced by the increase in average house prices and the
number of properties purchased with mortgages. However, the rise in
mortgage rates may impact future borrowing trends.
Like most places, the market faces challenges such as housing
affordability, especially for first-time buyers, due to the consistent rise in
property prices.
e increase in mortgage rates, influenced by higher Government
borrowing and elevated 10-year gilt yields, could pose difficulties for
prospective buyers.
Current trends in the Doncaster housing market include a steady
increase in both property prices and rental rates.
is growth reflects broader regional patterns, with areas in the North
of England experiencing revitalisation efforts and attracting new
residents.
Adapting to challenges
SIMON BURNETT
mortgage and protection adviser at Burnett Mortgages
W
hile we’ve witnessed some soening in house prices, the
region remains affordable and attractive, particularly for
first-time buyers and families looking to upsize. e
demand for property is still strong, especially in wellconnected areas with good transport links and schools.
Meanwhile, the rental market remains buoyant, driven by a shortage
of available properties and increasing tenant demand, which remains
strong, particularly for family homes in the suburbs.
e BTL market in Doncaster remains fairly positive, but of course
nowhere near as strong as it was prior to the many changes in taxation!
Landlords are adapting to new challenges, such as higher mortgage rates
and lender affordability rules, and considering the viability of their
portfolios moving forward. Many are now reviewing their portfolios in
light of EPC efficiency requirements, CGT and other taxation changes.
Many are looking to purchase through a limited company rather than in
their personal name.
In summary, I believe the Doncaster property market remains
affordable, stable, and full of opportunity for buyers, homeowners, and
investors. While interest rate changes have influenced the market,
demand remains strong, and with major regeneration projects underway,
I am confident the market will grow in 2025!
Doncaster
Residents
763k
Average age
42.4
Residents per household
2.36
Doncaster postcode area. Source: www.plumplot.co.uk
requirements, Capital Gains Tax
(CGT), and other regulatory changes.
A growing number are choosing to
purchase through limited companies.
Bingham says investor interest
in Doncaster’s rental market
persists despite rising costs and
stricter legislation: “Landlords are
demonstrating flexibility, adapting
their strategies to align with market
shis while maintaining a focus on
long-term viability.”
Clarking says that well-located
properties remain particularly
aractive, especially to professionals
who benefit from Doncaster’s strong
transport links and local amenities.
“The buy-to-let market has
remained resilient, with demand for
rental properties still strong,” she says.
Lasting appeal
While rising interest rates, tax
changes, and affordability concerns
have led to shis in buyer and
landlord strategies, the market’s
resilience remains evident, adapting
to economic fluctuations and new
consumer priorities.
“Opportunities remain for those
willing to navigate [these] evolving
dynamics,” Bingham notes.
With infrastructure investment
driving growth, an increasing focus on
energy-efficient homes, and diverse
mortgage options available, Doncaster
is well-positioned.
As Burne concludes: “The
Doncaster property market remains
affordable, stable, and full of
opportunity for buyers, homeowners,
and investors.” ●
February 2025 | The Intermediary
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