82 CLEVELAND STREETCOMPLETED

82 CLEVELAND STREET COMPLETED

82 Cleveland Street

82 Cleveland Street is situated in Doncaster town centre. The Development is only a short distance to the new Civic and Cultural Quarter.

This quick turnaround income-producing feature development based on Cleveland Street in the North of England was not only on schedule but also on budget.

Residents of the area will benefit from the substantial regeneration taking place in Doncaster along with the record levels of inward investment that have been driven into the town in the last three years (approximately E460 million) and creating around 4000 new jobs.

Now completed, the property contains 14 one-bedroom apartments finished to an exceptionally high standard on the upper floors. The ground floor space consists of two modernised commercial units.

£670k

Purchase price

£420k

Development costs

£1.10m

Total project costs

£1.40m

GDV

Location, Location, Location

Doncaster is one of the largest towns in the UK with a metropolitan population of 311,890 people. This large workforce has helped the town’s economy thrive in recent years with enormous steps being made to regenerate the city from its industrial past. This is in no small part due to Doncaster’s proximity to other large urban centres. A mere 25-minute train journey to Sheffeld and 30 minutes to Leeds, it offers commuters a possibility of cheaper rents and businesses lower set up costs. Furthermore, you can be at Kings Cross Station in central London within only 1:45 hours. It also benefits from access to Doncaster Shemeld International Airport, which connects the region with numerous national and international destinations.

In terms of property prices and growth in the town, Doncaster has fared very well. Over the last decade, property prices have soared by 34.23% which is an indication of the progress made in the town. With other regeneration efforts underway including the construction of an Education City campus, currently, the largest education investment of its kind in the UK, property prices and rentals look set to increase further. Average flat prices do remain Iow at only E116,636. This ensures rental yields in the town are high and gives considerable scope for growth.