From April an avalanche of savings will be unlocked as pension pots for thousands of people over the age of 55 will be liberated. Top of the shopping list is bricks and mortar. There is expected to be a huge number of older buyers looking for properties with investment potential. Here are ten prime picks. [slideshow_deploy id='3433'] For expert advice about buy-to-let investments speak to a member of the Winkworth team. Click here to find your nearest Winkworth office or start your buy-to-let search, click here.
From April an avalanche of savings will be unlocked as pension pots for thousands of people over the age of 55 will be liberated.
Top of the shopping list is bricks and mortar. There is expected to be a huge number of older buyers looking for properties with investment potential. Here are ten prime picks.
Napier Road, Reading, £269,950
Close to the centre of town and the mainline station into London, this two-bedroom flat offers great investment opportunity. With the commute to the city made even easier with the Cross Rail line coming in 2019, this home should attract tenants for years to come. The property is being sold with tenants in situ until May and has a potential rental yield of 5.3%. Call Winkworth?s Reading office on 01184 022300 www.winkworth.co.uk/reading
High Street, Winchester, £225,000
If you?re raiding your pension pot, this might be the property for you. Marketed to cash buyers only and in a fantastic location, right on Winchester?s historic High Street, this first floor flat is very tempting. It has two bedrooms and a smart bathroom. The bright kitchen and living area is open- plan. Similar flats rent out at £995 a month, giving a gross yield of about 5.3 per cent. Call Winkworth?s Winchester office on 01962 866 777 www.winkworth.co.uk/winchester
Berber Road, London, £300,000
London is always a good spot when looking a property investments and this two-bedroom flat in south east London is no exception. In good decorative order throughout and with the added bonuses of a private balcony and parking space, there should be a high number of tenants interested. Call Winkworth?s Blackheath office on 020 852 0999 www.winkworth.co.uk/blackheath
Manor Road, Bournemouth, Dorset, £275,000
Bournemouth is known for its lovely sandy beaches, so an investment property here might also offer holiday potential. This two-bedroom second floor flat with an allocated parking space in just moments away from the sea, which will be a drawn for future tenants. Call Winkworth?s Westbourne office on 01202 767633 www.winkworth.co.uk/westbourne
The Offices, Castle Brewery, Newark, £120,000
Location is key when it comes to buy-to-let and a good flat in a central location will never be empty for long. This two-bedroom apartment is a beautiful Grade II listed conversion that?s sure to attract prospective tenants. There is an allocated parking space and use of the gym. The town centre is within easy walking distance and the main line to London means you are 75 minutes from the capital. Similar apartments rent for about £500 a month, giving a potential gross yield of about 6.4 per cent. Call Winkworth?s Newark office on 01636 611666 www.winkworth.co.uk/newark
Farrance Court, The Ferns, Tunbridge Wells £299,950
Tunbridge Wells has great transport links, so it appeals to young professionals. And its leafy streets, bustling town centre and good schools attract young families wanting to settle down. This two-bedroom flat is on the first floor of a purpose built block close to the centre. It has a balcony, a lift and a garage. Similar two-bedrooms rent out for about £1,000 a month, giving a gross yield of approximately 4 per cent. Call Winkworth?s Tunbridge Wells office on 01892 519600 www.winkworth.co.uk/tunbridge-wells
Henderson Court, Myers Lane, London SE14, £250,000
Between South Bermondsey and new Cross Gate, the new Surrey Canal station will invigorate this area. This ground floor flat has two bedrooms, a communal garden and allocated parking. Similar flats rent for about £1,000 a month, giving a gross yield of approximately 4.8 per cent. The prospect of capital appreciation is good in this area. Call Winkworth?s New Cross office on 020 7277 7298 www.winkworth.co.uk/new-cross
Gladstone Terrace, Grantham, Lincs, £129,950
This traditional two-bedroom terrace is close to the centre of Grantham, which has a 65 minute train link to London Kings Cross. It is newly renovated, with a small front garden and a paved courtyard behind. Similar houses rent for up to £500 a month in Grantham, giving a gross yield of about 4.6 per cent. Call Winkworth?s Grantham office on 01476 578888 www.winkworth.co.uk/grantham
Matthews Court, Harrington Lane, Exeter, £215,000
This three-bedroom end terrace house is situated in Pinhoe, a pleasant residential area to the northeast of the city centre that still retains its village feel. The station provides an easy link to the city, while the M5 and Exeter?s airport are close by. One of the bedrooms is downstairs, so you could move in yourself in later years. Three-bedroom houses in this area rent for around £900 a month, giving a gross yield of about 5 per cent. Call Winkworth?s Exeter office on 01392 271177 www.winkworth.co.uk/exeter
Old Dover Road, Canterbury, £225,000
This penthouse apartment is just across the street from the Kent and Canterbury cricket ground and is ideal for attracting a high-calibre of tenant. The property has a good standard of decor throughout meaning there will be little work to get it ready for tenants. Canterbury also has great links into London with the high-speed train from Canterbury East taking under an hour and as this property is a short walk away, you should be able to appeal to the commuter market too. Call Winkworth?s Canterbury office on 01227 456645 www.winkworth.co.uk/canterbury