Doncaster Buy-to-Let Guide

According to Rightmove, the average sold property in Doncaster in 2023 sold for around £180,808 – around the same value as the 2022 average and up 11% compared to 2020.

The average Doncaster property price is significantly cheaper than the UK average of £287,782, as presented in the October 2023 UK House Price Index by HM Land Registry, potentially implying plenty of solid property deals within Doncaster.

The UK property market has been experiencing sluggish growth recently, but property experts Savills forecast that there will be a return to higher capital growth within the next few years. The Yorkshire and the Humber regions of England, where Doncaster is situated, are predicted to grow 20.2% by 2028.

Learn More: Discover how to make money from property with our 2024 investment guides, covering everything from stamp duty for second homes to the latest housing trends!

Doncaster offers a range of property types, including semi-detached, detached, and terraced properties. As mentioned, property prices in Doncaster are notably lower than the overall UK average, meaning there could be some solid investment opportunities in the area.

According to Rightmove, Doncaster properties saw an overall average of £179,092 over the last year. The bulk of these sales were semi-detached properties, with an average price of 163,803, followed by terraced properties at £112,534. Terraced homes saw the lowest sales, with prices exceeding the national average, fetching £293,158.

Overall, sold prices in Doncaster saw a 3% drop compared to the previous year and a 1% decrease on the 2021 peak of £181,143.

Average Property Prices in Bentley

The average property price in this area is £119,033.

Average Rental Yield in Bentley

The average rental yield in this area is 7.09%.

Average Property Prices in Bessacarr

The average property price in this area is £246,443.

Average Rental Yield in Bessacarr

The average rental yield in this area is 3.77%.

Location

Doncaster is exceptionally well situated and well connected regarding transport and convenience. The city offers easy access to major towns like Sheffield, Leeds and Manchester. This means the city attracts plenty of rental demand and investment and job opportunities, improving buy-to-let investors’ prospects.

The city is located in the heart of the motorway system, with convenient access to the M18, M1, A1(M), M62 and the M180. This placement has made Doncaster the location of choice for many big businesses, including Amazon, contributing to the city’s growing economy.

The city is also well-placed for rail links as it lies on the East Coast main line. Doncaster Train Station has been transformed thanks to recent regeneration, making it a more attractive gateway to the city. Another advantage is that trains to London are frequent and journeys can be made to the capital in just 88 minutes. Home to Doncaster College and University Centre, the city also hosts over 7,511 students. Learn more about the types of student accommodation for sale in the UK with our guide.

Affordable Property

As mentioned, Doncaster’s average property price is significantly cheaper than the UK average. The overall average for the city is over £100,000 less, and this average in certain areas is even more affordable again. In particular, the low prices of property in the city centre and inner suburbs have made them popular spots for buy-to-let.

This is one of the main advantages of investing in Doncaster compared to many other areas, as the lower initial investment cost may lead to more generous returns in the future, especially for investors willing to play the long game and wait for sizable capital growth to occur. We have also published a useful guide on ways to explore to generate passive income in the UK property market.

While there are some advantages to investing in new-builds, they often come at a higher cost to older residential properties.

Off-plan property investment is one way to invest in new-builds at a more affordable price.

Off-plan investors get involved with a property before it has been built, meaning they can often secure a discounted price compared to standard market rates. Purchasing a property this early means that investors can benefit from higher capital appreciation at a lower cost; the closer an off-plan property gets to completion, the more its value will likely increase.

As with most new-build investments, particularly those in desirable areas, strong rental demand is on offer, which could lead to higher yields in the long run.

The best off-plan developments will be concentrated in significant investment cities like Liverpool and Manchester.

There could be some off-plan opportunities in Doncaster, but investors could find more profitable deals in other areas.