Doncaster delights investors with cultural appeal and solid property price rises
- Doncaster house prices up 15.98% over past 5 years (Zoopla)
- New Northern Cultural Regeneration Fund to provide £15m for tech, creative and cultural sectors
- Grade II listed Danum House redevelopment honouring Doncaster’s art deco heritage (Properties of the World)
The northern market town of Doncaster is delighting investors and art aficionados alike, thanks to its extensive cultural offering. Now, the town is also set to benefit from the government’s new £15 million Northern Cultural Regeneration Fund.
“Doncaster is a surprising location in many ways and the government’s commitment to investing in the North of England positions it well as an investment prospect. Right now, Doncaster is a key up and coming location for residential property investment and we’re seeing an unprecedented level of interest in what the town has to offer.”
Jean Liggett, CEO, Properties of the World
The £15 million Northern Cultural Regeneration Fund follows a series of government commitments to the North of England. The level of investment is such that Philip Hammond MP, Chancellor of the Exchequer, observed, “if the Northern Powerhouse were a country, it would be amongst the biggest economies in Europe.” The cultural fund will boost the extensive investment by focusing particularly on the region’s tech, creative and cultural industries.
“This £15 million fund is a fantastic chance for towns and cities to develop inspirational projects that could have a transformative local effect – particularly in communities that have seen less cultural or creative investment in the past…. We want as many people as possible to benefit from the Great Exhibition of the North, and this fund will boost the Northern Powerhouse and help build a lasting legacy across the whole region.”
Karen Bradley, Culture Secretary
Within Doncaster, one of the city’s landmark art deco buildings is leading the way when it comes to showcasing the region’s regeneration. The grade II listed former department store, set in the heart of the town, is the subject of a major redevelopment that will see it transformed into spacious, open plan apartments, complete with rooftop cinema and concierge service. The emphasis on keeping the original character of the building – known as Danum House – is turning this into one of Doncaster’s most exciting and unique residential developments.
As well as the town’s cultural attractions, investing in buy-to-let property in Donacaster makes financial sense too.
“Prices in Doncaster are extremely low at present. From as little as £83,000 here, you can buy a one-bedroom apartment of 465 sq. ft at Danum House. These are seriously spacious apartments that offer a high standard of living and their central location is perfect for attracting tenants looking for the best that the town has to offer.”
Jean Liggett, CEO, Properties of the World
Doncaster has enjoyed house price rises of 15.98% over the past five years, according to Zoopla. Property market experts such as those at Properties of the World are keeping a close eye on values, with prices tipped to be on the verge of rising at rates similar to those that we’ve seen in northern cities such as Manchester. With so much being invested in the local area, it’s only a matter of time!
For more information, visit www.propertiesoftheworld.co.uk or call +44 (0)20 7624 5555.