Zoopla reports that Doncaster house prices have risen by 15.98% over the past five years, add to this the new Cultural Regeneration Fund which is to provide £15m for tech, creative and cultural sectors, this market town is delighting investors.
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.
Karen Bradley, culture secretary also commented: “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.”
The town has also been described as the UK’s logistical hub thanks to the £500 million iPort scheme located just off the M18, which has provided a rail freight interchange and logistics centre. The project has attracted major employers to the town including Amazon and Lidl and is creating 5,000 jobs.
Thanks to this continued investment and regeneration, Doncaster has enjoyed house price rises of 15.98% over the past five years, according to Zoopla. It has also been named by property experts as a hotspot for 2018, experts 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 Manchester.
Fitzwilliam Capital Partners has just a select number of apartments left at their Doncaster scheme – The Library, with guaranteed yields in excess of 7% a fantastic opportunity for investors to capitalise in one of the country’s property hotspots.