Category Archives: Property News

Doncaster Property News

What’s the biggest street in Doncaster (DN1)?

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Well my recent articles about Doncaster’s most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the DN1 postcode area, and I have been able find out the biggest streets in the Doncaster (DN1) postcode area.

Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Doncaster, the trials and tribulations of being a Doncaster buy-to-let landlord and the future of the Doncaster property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the Doncaster homeowners and Doncaster landlords asked about and wanted!

The biggest street in DN1, when it comes to the number of houses on it is St James Street, with 478 homes. In second place is Thorne Road with 204 homes and in third is Elsworth Close with 179 homes.

Not surprisingly, the most valuable street of the top 20 biggest streets is St James Street at £25.6m with an average value of £53,000 per property.

The 2 streets with the greatest number of movers in the last 3 years are St Marys Road, with a saleability rate of only 8.2% and Chequer Road with 9.8%, with Jubilee Road having the highest saleability rate of 13.1%.

The full breakdown can be found in this chart below.

Yet, did you really think I wouldn’t get at all serious ..

The basic rudiments of the Doncaster property market remain principally healthy in many parts of Doncaster, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Doncaster first time buyers (and especially Doncaster buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Doncaster agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Doncaster properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.

Irrespective of what happens with Brexit, Doncaster people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Doncaster and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!

So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc …  yet the choice is yours.

 

Doncaster Property News

How Many Doncaster Homeowners Have Paid Their Mortgage Off?

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The Government’s Annual Housing Survey is 50 years old this year.  It has taken a snap shot of the UK’s property market every year since 1969 and in the recently published report for 2018, it wasn’t a surprise that owner occupation is still the most predominant tenure, yet now more people own their home without a mortgage rather than having a mortgage as the number people buying their first home (obviously with a mortgage) has declined since the Millennium.  The report also shows homeowners (mortgaged and owned outright) are, on average, older than renters and between the homeowners themselves, those who are mortgage free are older than those with a mortgage.

Looking at the most recent of data for Doncaster, I wanted to see how we compared to the national picture. Therefore, focusing on the main 4 tenures of owned outright, owned with a mortgage, social housing (i.e. Council Housing and Housing Association) and private rented, this is what I found out…

Doncaster – Tenure by Age
Age Owned Outright Owned with Mortgage Social Housing Private Rented
Age 24 & Under 2.6% 14.9% 18.9% 63.7%
Age 25 to 34 3.3% 42.8% 16.7% 37.2%
Age 35 to 49 9.8% 57.9% 14.7% 17.5%
Age 50 to 64 39.1% 36.6% 15.8% 8.5%
Age 65 to 74 64.2% 9.1% 20.9% 5.8%
Age 75 + 62.0% 5.1% 25.5% 7.4%

Looking at the stats, you can see that homeownership in Doncaster and council area as a whole (both owned and owned with a mortgage combined) is lower in the 25yo to 34yo age range compared to 35yo to 49yo, yet roll the clock back to the 1980s and opposite was the case.

So how many local homeowners have paid off their mortgage?

47.2% of Doncaster homeowners are mortgage free, yet of the 26,118 households that are owned by 50yo to 64yo in Doncaster, 48.4% of those people still have a mortgage.

As most people bought their first house in their early to mid 20’s back in the 1980’s, this shows that a lot of Doncaster people must have re-mortgaged in the past and extended their borrowings (otherwise they should have paid their mortgage off now).

The other thing that concerns me is the 5.1% of the Doncaster over 75yo homeowners that have a mortgage.

If you amalgamate the national historic ranges going back to 1977 (see the graph below “UK Households with a Mortgage by Age – 1977 to 2018” and note the age bands are slightly different to the recent local stats because they were carried out under different government departments), you will see the number of people who own a property with a mortgage has been dropping since the Millennium, yet nationally the number of people who own a property has remained roughly the same, even with the growth of the private rented sector.

Reports in the industry suggest that in the next ten years that will increase, as nearly 1 in 5 homeowners will be still paying off their mortgage after retirement. One of the reasons behind that will be the legacy of interest-only loans and delayed first-time buying as we become more and more like Germany in our house ownership models, where people naturally rent their homes until their 50’s and then buy when they inherit money from their parents.

In the meantime, demand for Doncaster rental properties will only increase … so good news for Doncaster Buy to Let landlords and indirectly Doncaster homeowners as well.

Doncaster Property News

Doncaster Property Market Update Summer 2019

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The foundations of the Doncaster Property Market over the summer have continued to be principally sound; yet the existing political macroclimate means that the critical element of consumer confidence has been reduced and that is triggering some potential Doncaster property buyers and Doncaster house sellers to falter slightly and hang fire making any firm decisions on property.

With record low interest rates at 0.75%, low unemployment rates of 3.8%, and decent mortgage availability (even those with low deposits – there were 224 mortgage deals available on the day of writing this article where only a 5% deposit was required and 5 main stream lenders that would offer 100% no deposit mortgages), Doncaster buyers have a lot going in their favour, aside from the perceived political uncertainty.

Interestingly, Rightmove have stated there are more properties for sale today in the Country, than at any time since 2016, and Doncaster follows that trend. Even with that in mind, property values have remained reasonably stable as The Land Registry has just released its House Price Index for Doncaster and the surrounding locality and it makes very interesting reading.

Overall, property values in the Doncaster area are 5.1% higher

than a year ago as the average property value in Doncaster now stands at £162,600.

When I looked at the types of Doncaster properties, a slightly different picture appeared ..

  • Doncaster Detached homes rose by 5%
  • Doncaster Semi-detached homes rose by 5.6%
  • Doncaster Terraced/Town-House rose by 4.5%
  • Doncaster Flats/Apartments rose by 3.6%

and splitting down the types of Doncaster into property types ..

  • Doncaster Detached £253,700
  • Doncaster Semi-Detached £133,400
  • Doncaster Terraced/Town-House £101,200
  • Doncaster Flats/Apartments £118,100

Yet, Doncaster Property Market Blog readers will know I always like to measure the health of the Doncaster property market not only by house prices but transaction levels as well ..

3,899 properties were sold in the last year in Doncaster,

 higher than the 10-year average of 3,690 properties per annum

Considering the uncertainty the Country has been through in the last three years with the ‘B’ word issue, I don’t think that’s too bad and shows the underlying resilience of the Doncaster property market.

Now looking forward towards the end of the year .. how will Doncaster house values change under the new Prime Minister?

Doncaster buy-to-let landlords and Doncaster first-time buyers seem to be sustaining their preceding activity levels, which is heartening news. It’s quite conceivable that both cohorts are presently profiting from the marginally increased numbers of Doncaster homes on the market, which not only offers them greater choice, but aids with their negotiations. The suggested Stamp Duty changes made me look at previous Stamp Duty changes in the last decade and their effects have been rather short term.

That means those selling their homes in Doncaster need to be realistic with their pricing, and, as most sellers also buy a property, what you might lose on your sale you will make up on the purchase.

BoJo, Brexit … to be honest are all short-term distractions from the long-term issues of the UK and Doncaster property market. Until we start building at least 300,000 properties a year to meet the demand for UK property, demand will always outstrip supply, meaning irrespective of short-term fluctuations that may (or may not) be caused by domestic and world events (including the ‘B’ word’), prices will always in the medium to long term remain stable and increase.

Doncaster Property News

Is Doncaster Too Densely Populated?

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Has England’s green and pleasant land all of a sudden become England’s green and overcrowded land?

With the nation’s ever-increasing population and the double whammy that people are now living longer, this means as each year goes by, there is an ever-growing strain on public services and in particular my favourite topic – housing. It’s no wonder some people are saying things are at crisis point when it comes to infrastructure (like roads, schooling etc) and in particular housing.  I hear it all the time, people complaining that Doncaster looks like a building site and, we are packing people in like sardines into our Doncaster homes. Yet I wanted to find out exactly what the truth was.

Starting with the UK as a whole, there 698 people per square mile whilst in England, there are 1,103 people per square and finally in Greater London 14,587 people per square mile  … these all sound quite awful numbers, until you drill down and realise a square mile is an awfully big area – there are only 93,600 square miles in the whole of the UK and that includes the wilderness areas of Scotland!

Let’s look at more realistic areas of land … and I want to look at my favourite – the acre. To those born after the mid 1970’s, an acre is roughly half the size of a football pitch or a square roughly 63 metres by 63 metres and there are just less than 2.5 acres in a hectare.

The population of Doncaster is 158,141 and the total area of Doncaster is 10,754 acres, meaning 14.7 people live per acre in Doncaster

So, how does that compare to neighbouring areas and towns…

Location and Postcode Population Area in Acres Population Density – # People per Acre
Doncaster 158,141 10,754 14.7
Pontefract 44,710 3,165 14.13
Worksop 43,252 3,020 14.32
Scunthorpe 79,977 6,601 12.12
Featherstone 11,060 740 14.94

As you can see, only just over 14 people live per acre in Doncaster, interesting when compared to both Greater London, which has density of 23.26 people per acre and London’s most crowded suburb, Pimlico at 92.32 people per acre. Yet even Pimlico is nothing to the Collblanc district in Barcelona, which has 214.8 people living it per acre.

So, is Doncaster over populated? Yes, it seems that way at school time or rush hour when sitting in traffic that Doncaster is over populated – yet the stats show – we aren’t.

Evidently, we are never going to have an even spread of population as can be seen from the figures in the table, and the remote nature of some parts of the Country would not be able to withstand high densities of new people without enormous infrastructure investment.

Yet could we accommodate a much larger population in the UK (and Doncaster) although there would be trade-offs? Look back at the 17th and 18th century and certain sectors of society were warning about population growth. The population of the UK in 1801 was 10.5 million and even with the growth of the population since then, only 1.2% of the UK is currently built on for housing purposes.

The question, it seems to me, is not can we manage but how

would a larger Doncaster population change our way of life,

both for better and possibly worse?

The planners have a responsibility to ensure Doncaster provides its fair share of new homes to accommodate this population growth in the coming years. The local authority has a responsibility towards adequate provision of the infrastructure of roads, hospitals and schools etc., to match the growth in housing. This is not a political topic and I hope once the ‘B’ word is finally sorted we can get on with addressing the shortage of affordable new homes for future generations.

Doncaster Property News

Doncaster Homeowners can now build larger extensions without planning permission.

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The need for more homes has always been one of the biggest issues with regard to the Country’s housing crisis.  One of the main reasons for families wanting to move home is the need for more accommodation as their families grow and so in 2013 and 2015, the planning permission rules were relaxed to try an alleviate this issue.

Initially in 2013, Nick Clegg, as Deputy Prime Mister, brought in temporary planning rules to allow larger single storey rear extensions without the requirement of a full planning application.  The temporary rules allowed terraced and semi-detached homes to be extended by just over 19ft, whilst detached houses were able to add even bigger extensions of up to 24ft.  Since those rules were relaxed six years ago, 109,320 people have taken advantage of the temporary rules (aka “permitted development size guidelines”).

Homeowners wanting to extend within these permitted development guidelines, must still inform the local authority of the extension beforehand, and local authority officials still need to then notify the neighbours.  If the neighbours object, the local authority could still stop the extension being built, but only if it is likely to damage the character or enjoyment of the neighbourhood.  The planning process exists for a reason and whilst these relaxed planning rules are popular with property owners, it does mean local authorities have little chance to deliberate the impact of these extensions on their locality.  However, 22,779 permitted developments had been refused in the same time frame meaning, 17.2% of permitted development planning applications have been refused since 2013.

Now these temporary rules have been made permanent recently as the Government believe these measures will help households extend their properties without fighting through the time-consuming red tape of obtaining planning permission.  The government believes this is part of a package of planning reforms to build more households, build them better, quicker and make the housing market work, meaning families can grow without being forced to sell and move… or does it?

The average size of a property

in Doncaster is 947 sq.ft

.. internally (1,084 sq.ft  externally), whilst to the national average 929 sq.ft internally (1,081 sq.ft externally).  Interesting when compared to the average size of a new homes built nationally which is 12.1% lower at 818 sq.ft internally (927 sq.ft externally).

These relaxed rules are only for single-storey extensions though, when most growing families don’t need an extra downstairs reception room, they need an additional upstairs bedroom.  This means if families do want an extra bedroom upstairs, they will still have to go through the rigmarole of submitting a full planning permission.  Although, many Doncaster people have used these rules in the last 6 years to build a decent size granny-annex – there are other options less explored out there.

There was a second (less advertised) temporary change the Government made to planning rules in 2015, that has also been made permanent recently, many may have missed it, yet it has a bigger potential impact on the housing market.  The new rules make permanent the removal of planning rules to allow office blocks and shops to be converted into residential homes without a full planning application being made.  Since 2013, 11,090 office blocks and 1,750 shops have been converted into residential households.  This doesn’t sound a lot, but in 2017 alone, converted shops and office blocks provided 37,000 new households alone in the Country (or 17% of the new household created in 2017).

Over the next decade, more and more office blocks and shops will be converted into residential properties … and this will slowly change the dynamic of the housing market and the high street … and I’m not sure whether that will be for the good or bad … only time will tell?

Doncaster Property News

Which Street in Doncaster has seen the most homeowners moving in the last 3 years?

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Lots of people say moving home is one of the top ten most stressful events in your life. Fortunately, there is a way to mitigate your stress. In a nutshell, start as early as you can, plan ahead and do everything you can to make it easy on yourself, your family and even the family pet. As an agent in Doncaster, my team and myself have been helping homeowners, landlords, buyers and tenants move, sell and let their Doncaster homes for many years. So I thought I would share some top tips for making your move as stress free as possible – then find out which streets in Doncaster have moved the most in the last 3 years.

The first tip is to plan ahead and write a list; because whilst it is taking between 15 and 20 weeks at the moment from finding a buyer to moving, those few weeks will fly by in no time as day to day life carries on. Next, get yourself a decent home removal company as they are worth their weight in gold on moving day – and if you need to know a good one in Doncaster – drop me a line and I will let you know who my clients are raving about.

Next, a cluttered Doncaster home doesn’t sell or let well, so maybe consider decluttering before you market the property. It will sell/let better and when it comes to the move – the job will be so much easier. Know where you plan to put all your important documents (like Passports and Bank PIN etc). Tell your utility providers and it is a good idea to create electronic copies of significant documents by scanning and saving them onto a USB stick and don’t forget to get your mail redirected.

On the day of moving home stress levels will be high and I know you will want to get everything packed away and have the tea on by 5.30pm! Those who have moved many times know that isn’t the case. Be realistic, as it’s doubtful you are going to unpack all your boxes in your new home by the end of the first day.

Make sure to keep your ‘Moving Day Survival Equipment’ close by, change of clothes, wash equipment, cold bottles of water, biscuits, kettle, tea/coffee/milk, crisps (even G&T??) to keep your spirits, morale and energy up – you will be fine.. but it will take a few days to completely unpack and get your new Doncaster home the way you would like it to be. As long as you have your bed set up and made by the end of moving day – you can have the rest of the weekend to get ship shape.

So, which street or road in Doncaster (DN11 to be more precise) has put themselves through one of the most stressful moments in their life over the last 3 years? Which street has seen the most home moves and experienced the trials of moving home.

Heatherfields Crescent comes in at the top spot, with 104 home movers in the last 36 months with a total property value of £23,388,000 sold, interestingly there are only 105 properties on the road … so have a look at the top 20 and see if your street is in the Top 20!

… but before you go, if you do need any help or guidance about moving home or advice about the current state of the Doncaster property market, then feel free to drop me a line or read the other articles in my blog on the Doncaster Property market.

DN11 Street

or Road

Number of Properties Sold
in the last 36 months
Total Value
of Property Sold
Heatherfields Crescent 104 £23,388,000
Mirabelle Way 59 £8,982,000
President Place 58 £8,620,000
Hesley Road 52 £9,720,000
McConnel Crescent 28 £2,351,000
Scrooby Road 27 £3,696,000
Bracken Way 27 £4,420,000
West End Lane 24 £2,810,000
Milne Road 18 £1,744,000
Brodsworth Way 17 £3,331,000
Bawtry Road 16 £2,523,000
Aberconway Crescent 14 £1,301,000
Sherwood Road 13 £1,760,000
Sunderland Street 12 £4,266,000
Clay Flat Lane 11 £1,073,000
Essex Road 11 £981,000
Droversdale Road 11 £1,166,000
Church Meadow Road 11 £1,529,000
Elm Close 11 £2,032,000
Lancaster Crescent 10 £2,696,000
Doncaster Property News

The Affordability of Buying Property in Doncaster

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Looking back at the 75th Anniversary of the D-Day landing a few months ago, it reminded me of the huge changes that have happened to Doncaster and more specifically the Doncaster property market since WW2. Back in 1946, the average wage in Doncaster was just over £5 a week and to buy an average car would cost you just under £600, yet this is a property blog, so…

The average value of a Doncaster property in 1946 was £732

In fact, in those 75 years, the average Doncaster house had doubled in price by 1961, then again in 1971, 1975, 1980, 1988, 2000 and 2006. Now a lot of those increases (especially in the 1970’s) were caused by hyperinflation, yet since the start of the 21st Century inflation has been kept low and since the Credit Crunch (2008/9), whilst property values have been rising, they haven’t been at the rates experienced in the latter half of the 20th Century.

Now what a property sells for is irrelevant, its whether someone can afford it.

Increases in Doncaster property values have produced huge increases in equity for many Doncaster homeowners and Doncaster buy to let landlords, yet on the other side of the coin also making housing unaffordable for other people. The best measure of the affordability of housing is the ratio of Doncaster property values to Doncaster average earnings (i.e. salary/wages). The ratio works on the basis the higher the ratio, the less affordable properties are.

In 1997, the average value of a Doncaster property was 2.6 times higher than the average annual wage in Doncaster, in 2007 it peaked at 5.2, yet two years later it had dropped to 4.7 and since then has slowly risen to 4.8 times higher!

It can be seen that even though property in Doncaster became more affordable after the 2007/8 property crash (i.e. the ratio dropped), in subsequent years, with house values rising but earnings/salaries not keeping up, the ratio started to rise. This has meant there has been a decline in affordability of property in Doncaster over the last five years – so for those on particularly low incomes or with little capital, it unfortunately means that buying a Doncaster home will never become an option.

Therefore, the demand for private rented properties in Doncaster will continue to grow as many young Doncaster people are deciding to rent instead of buy their own house (knowing when their parents pass away, the equity built up in their parents property will be passed down – and then they can buy in their 50’s and 60’s – just like it happens in Germany).

Yet, that is many decades away and with fewer Doncaster people wanting or able to save up the 5% deposit required by mortgage lenders, more and more people are looking to rent. Tie this in with the subtle shift in attitudes towards renting since the Millennium and less people jumping the on the bottom rung of the property ladder, this has driven rents and demand up in Doncaster over the last few years. Yet (and it’s an important proviso) the type, location and demands of Doncaster tenants has changed over that same time frame meaning you can’t just make money from buy to let as easily as falling off a log like you did in the early 2000’s.

If you are an existing landlord with us (or even another agent in Doncaster) or someone thinking of becoming a first time Doncaster landlord looking for advice and opinion and what (or not to buy in Doncaster), one source of information is the Doncaster Property Blog REMOVE OR CHANGE insert url here if you have a blog – or drop me an email or phone call and let’s start a conversation – I don’t bite and I don’t do hard sell … and maybe, just maybe, I could help you get better returns from your property portfolio.

Doncaster Property News

The Doncaster Monopoly Board

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Board games seem a thing of the past for youngsters nowadays with their consoles and mobile phones yet a family favourite in our household that will bring young and old together is Monopoly.

Mayfair is the square everyone wants to buy and whilst it is the most expensive to buy – it offers the greatest returns. Mayfair was the must have London address when the Monopoly board game was made in 1935 when, at the time, it was the most expensive street to buy houses at £400 each. A member of my family asked me what a property today would be worth in Mayfair and how much it would cost to buy them all. Readers will know I like a challenge. My research shows that a typical house in Mayfair today costs on average £2.8m – whilst the total value of all the property in the Mayfair area currently stands at £11.8bn.

The fun part of Monopoly was to build more houses and ultimately a hotel to extract the maximum rent from the other players who landed on the square. That made me think, instead of looking at the average value of a property on the street, what if we looked at the total value of property on the whole street. So, I carried out some research on all the 124 streets in DN1 and calculated the top 20 streets in terms of their total value of all properties on the street..  and just for fun, colour coded them as if they were on a Monopoly board  …

Monopoly Board Street Doncaster (DN1) Equivalent Street Total Value of all the Homes on the Street
Mayfair St James Street £25,565,000
Park Lane Thorne Road £24,364,000
Bond Street St Marys Road £18,582,000
Oxford Street Chequer Road £13,982,000
Regent Street Elsworth Close £12,309,000
Piccadilly Broxholme Lane £11,698,000
Coventry Street Kings Road £9,850,000
Leicester Square Christ Church Road £9,158,000
Trafalgar Square Queens Road £8,672,000
Fleet Street Morley Road £7,760,000
The Strand Highfield Road £7,716,000
Vine Street Nether Hall Road £7,363,000
Bow Street Elmfield Road £7,207,000
Pall Mall Copley Road £7,132,000
Whitehall Lawn Road £6,810,000
Northumberland Ave Milton Walk £6,767,000
Pentonville Road Dockin Hill Road £6,729,000
Angel Islington Town Fields £6,672,000
White Chapel Road Jubilee Road £6,554,000
Old Kent Road Regent Square £6,341,000

Mayfair and Park Lane are represented by St James Street and Thorne Road. Surprises in the mix include Elsworth Close and Broxholme Lane. They are rightly in the list because of the sheer size of those streets; because whilst the value of those homes are much lower than the posher streets, the total value of the whole street means they make the top 20 list.

Now of course whilst drawing a comparison between a 1935 board game and the actual total house values on those Doncaster streets and roads provides a light hearted point of view of the Doncaster property market, it does present a credible picture of Doncaster’s most popular streets. Next time I will get back to writing an article with a little more seriousness and deeper issues on the Doncaster housing market … but this week, I hope you enjoyed my little bit of fun!

Doncaster Property News

Only 30.3% of Doncaster Households are Eco-friendly

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Improving the energy efficiency of Britain’s 27.2 million homes, which are responsible for more than a quarter of the country’s CO2 and other greenhouse gas emissions, is seen as key to tackling the issues of climate change, fuel poverty and our country’s energy security. This is particularly important as in June the Government announced they were going to make the country carbon neutral by 2050, meaning Britain’s homes need some enormous retro-fitting to meet these ambitious climate targets.

Researchers at Nottingham Trent University said it would cost on average £17,000 per property to retrofit an average UK home to make it carbon neutral with renewable energy and insulation (if done en masse and not piece meal). That would cost the Country £462.4bn (interesting when the NHS costs £154bn per year). Now of course 22.7m homes are privately owned so that would be the responsibility of the owners, but if we look at publicly owned council housing, that would cost the Government in excess of £76.5bn – HS2 is ‘only’ £56bn!

The benefits of making homes carbon neutral go further than saving the planet, as occupants would have much lower gas and electric bills (which total £31.824bn per year), warmer households and a much-lower strain on the NHS, which currently spends about £848m a year treating conditions that arise from cold housing. Also, local authorities would have to spend a lot less than the £5.2bn a year for ongoing property maintenance by the installation of extra insulation and renewable energy such as ground source heating, wind or solar panels.

To improve efficiency ratings, last year the Government banned landlords from renting property with an energy performance rating of F and G (the lowest ratings), yet I don’t think there is an appetite to force private homeowners to do this work (although you never know in the future??). Homeowners would be unenthusiastic to take on the bother and cost of such building works, yet the Government could offer incentives and grants, which along with the funds saved on their energy bills could make the plan more appealing?

So, what about eco credentials of the properties of Doncaster homeowners and landlords?

Every home that has been built, rented out or put on to the market in Doncaster since 2007 has had to have an Energy Performance Certificate (E.P.C), giving it a rating between A and G (rather like those stickers you see on fridges and washing machines). A is highest rating (i.e. most efficient and greener) and G is the worst energy performance rating. So, looking at Doncaster first, then comparing us to the rest of the UK, this is the result…

 

 

So, 30.3% of Doncaster homes are in that eco-friendly A to C energy performance banding ratings, which is proportionally 18.35% lower than the national average.

So, what next? Well the Government will endeavour to make the green revolution as painless as possible with technology developments like LED light bulbs, for example, saving greenhouse gases without people noticing. In the future we might have hydrogen central heating instead of mains gas, all have solar panels for electricity, all triple glazed windows and even ground sourced heating … sounds pie-in-the-sky? Well who would have thought some of the most wanted cars would be electric and hybrid 10 years ago, built by the likes of Tesla?

There is no doubt that the energy efficiency of a property will rise in the coming years as the cost of fuel and people’s opinion on going green changes. You don’t need to spend £17,000 to find out what you can do to make your property greener. Look at your E.P.C and it will tell you what small changes you can make to improve your Doncaster home’s energy efficiency rating and ultimately save yourself money.

 

If you want to find your E.P.C rating of your Doncaster home, go to www.epcregsiter.com

Doncaster Property News

10.2% of all Properties Sold in Doncaster are New Builds

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Of the 12,800 houses and apartments sold in Doncaster (DN3) since 1995, 2,230 of those have been new homes, representing 10.2% of property sold. So, I wondered how that compared to both the regional and the national picture …and from that, the pertinent questions are: are we building too many new homes or are we not building enough?

Roll the clock back a few years and in 2013 the Government expressed its disappointment that, as a Country, builders weren’t building enough new homes to house our citizens. They promised to hasten new homes building to the fastest rate since the 1980’s when the Country was building on average 168,100 private households a year. The Housing Minister stated he wanted the private sector to build in excess of 180,000 households a year, a figure which seemed unachievable at the time. In 2013, private house building was in the depths of a post Credit Crunch dip, with just 96,550 private new homes being built that year. Yet, in the five years since then, private new-build completions have climbed steadily, rising by 59.5% to 154,100 new home completions in 2018..so on appearances alone, whilst the growth is impressive, the new homes builders haven’t met their targets….. or have they?

In addition to the 154,100 new homes completions in 2018, the private sector also provided an additional 29,700 new households gained from change of use between office, industrial and agricultural buildings to residential homes meaning, last year, the private sector created 183,800 new households. When we look at the public sector, there were 30,300 Housing Association new homes and 2,950 Council houses built last year, meaning after making a few other minor adjustments, the total number of new households/dwellings created in the UK in 2018 was 222,190.

Most of the growth can be credited to an improving economic framework, though continued help for first time buyers with the Help to Buy Scheme has enabled some younger buyers to bypass the issue of saving for a large deposit for a mortgage when buying a home, thus supporting confidence among new home builders to commit to large building schemes. Yet there is more to do. The Government wants the Country to return to the halcyon days of the 1960’s where, as a Country, we were building 300,000 additional homes a year  .. and they want that to happen by 2025, a 36% increase from current levels.

In 2019, the country will create 257,500 households, so we are on our way to meeting that target but maintaining this level of house building will be a test. Even the Governments’ Auditors (the Office of Budget Responsibility) is predicting net additional dwellings will plateau at about 240,000 in the first few years of the next decade.

So, how does Doncaster sit within this framework?

The UK currently has 27.2m households, of which 2.45m (9%) of those have been built since 1995, whereas in Doncaster, of the 13,800 households in DN3, 2,230 were built since 1995 (representing 16.2% of all households), meaning Doncaster has a higher proportion of new homes building in the last couple of decades than the national figures.

 

I certainly feel there is an over reliance on the private sector to meet the Country’s housing needs. Local Authority’s need to step up to the plate and build more houses, and its true central government has released more cash for them to do just that, but probably only 20% to 25% of what is required. In the meantime, unless the Country starts to build 300,000 households a year, property prices will retain and improve their value in the medium to long term – which is good news for Doncaster landlords and Doncaster homeowners.