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Power up your portfolio: top buy-to-lets for sale

The clock is ticking. In less than three months, landlords will face a hike in stamp duty when buying properties. From April 1, they will have to pay 3% above the current bands. So if you want to leap on the buy-to-let ladder, you need to complete by the end of March. No time to lose: here are great properties that are on the market now.

The clock is ticking. In less than three months, landlords will face a hike in stamp duty when buying properties. From April 1, they will have to pay 3% above the current bands. So if you want to leap on the buy-to-let ladder, you need to complete by the end of March. No time to lose: here are great properties that are on the market now.

Petersfield, Hampshire £185,000

Situated in the South Downs National Park, Petersfield holds a market twice weekly in the main town square as well as a Farmer’s Market once a month. It’s a 70 minute commute by train to London, while Portsmouth is just 17 miles in the opposite direction. This one-bedroom maisonette is set over two floors in a period villa, and the leaseholder is willing to sell the freehold. You should be able to let it out at £700 a month, giving you a yield of about 4.54%.

Call Winkworth’s Petersfield office on 01730 267274 www.winkworth.co.uk/petersfield

London N17 £290,000

A few minutes’ walk to a number of Tube stations makes Ruskin Road a popular location for young professionals. This two-bedroom flat is part of an attractive Victorian town house and it has been rented out in recent years. It should command about £1,300 a month, giving a yield of approximately 5.38%.

Call Winkworth’s Harringay office on 020 8800 5151 www.winkworth.co.uk/harringay

Basingstoke, £185,000

Basingstoke was part of the post-war London Overspill Plan and expanded rapidly in the 1960s along the lines of other new towns such as Milton Keynes and Ashford. It changed from a small market town with a handful of engineering works to a centre for communications, finance and service industries. This one-bedroom apartment in Church Street is part of a new development. Similar flats rent out at £775, a yield of around 5.03%.

Call Winkworth’s Basingstoke office on 01256 811730 www.winkworth.co.uk/basingstoke

Tunbridge Wells, Kent £375,000

This pretty spa town is popular with commuters. The waters which the town was named after, bubble up near The Pantiles, a Georgian colonnaded shopping arcade and, during the summer, costumed “Dippers” hand out samples. This three-bedroom terrace is about five minutes’ walk from the town centre and could be let out for about £1,000 a month. The initial price means the yield is at 3.2%, but capital appreciated down the line should also be taken into consideration here.

Call Winkworth’s Tunbridge Wells office on 01892 519600 www.winkworth.co.uk/tunbridge-wells

Peckham, London SE15 £280,000

Peckham, one of the most ethnically diverse areas of the UK, was originally part of Surrey, but joined the Borough of Camberwell in 1900. Del Boy and Rodney lived here in the 1980s TV sitcom Only Fools and Horses. It has undergone radical regeneration over the past decade and is now considered a hip hang-out with heart. This bright first-floor flat in a period building has one bedroom and a share of the freehold. Similar flats are rented out for about £1,000 a month, giving a yield of around 4.7%.

Call Winkworth’s New Cross office on 020 7277 7298 www.winkworth.co.uk/new-cross

Salisbury, £260,000

The cathedral city of Salisbury has plenty to recommend it. The spectacular cathedral rising up from the water meadows has been described as the best view in England and, indeed, was made more famous when painted by Constable. This terraced cottage in the central conservation area has two bedrooms and a courtyard garden. Similar houses rent for about £725 a month, giving a yield of around 3.35%.

Call Winkworth’s Salisbury office on 01772 443000 www.winkworth.co.uk/salisbury

Guildford, Surrey £250,000

Guildford is prime commuter country and property prices here reflect this. It’s a 40 minute journey to London Waterloo and there are several trains an hour at peak times. The town is attractive, too. This penthouse on the High Street has one bedroom and a large balcony with lovely views over the town. Similar properties can command rents of around £1,100, which would give you a yield of about 5.28%.

Call Winkworth’s Guildford office on 01483 339977 www.winkworth.co.uk/guildford

Holbeach, Lincs £99,950

Holbeach is a fenland market town famous for its bulb fields, in an area known as South Holland. This end terrace is ready to go as a buy-to-let with a tenant already in place. The two-bedroom property brings in £470 a month, making a decent yield of around 5.64%. If you can complete the purchase before April, you won’t pay any stamp duty. After April 1, there will be nearly £3,000 to pay and you must pay within 30 days of purchase. 

Call Winkworth’s Bourne office on 01778 392807 www.winkworth.co.uk/bourne

Sutton Bridge, Lincs £119,950

Still in South Holland, Sutton Bridge is a few miles from Wisbech and Kings Lynn. The marshes stretch from here to The Wash and it is said that King John lost the crown jewels nearby. They have never been found. In WW2, the swing bridge was used for target practice by the Dambusters. This two-bedroom semi comes complete with a tenant paying £480 a month. This gives you a head start and a yield of about 4.8%.
Call Winkworth’s Bourne office on 01778 392807 www.winkworth.co.uk/bourne
Newark, Notts £126,000

This Midlands market town stands on the A1, as well as the mainline railway to London and the River Trent, giving it great access. It’s just 75 minutes by train to the capital, comparable to commuting from Maidstone, Horsham or Basingstoke. This two-bedroom end terrace is handy for the station and would probably rent for about £475 a month, giving a yield of about 4.52%. Stamp duty kicks in at £125,000. It’s only 2% until April 1, but you’d better hurry!
Call Winkworth’s Newark office on 01636 611666 www.winkworth.co.uk/newark
Boston, Lincs £98,950

Boston in Lincolnshire gave its name to the state capital of Massachusetts and is otherwise known for The Stump, the tall tower on its parish church. Pilots in WW2 used the landmark to find their home airfields. This two-bedroom terrace has an upstairs bathroom and decent garden with two stores. You could rent it out for about £590 a month, giving a yield of around 7.1%.
Call Winkworth’s Sleaford office on 01529 303377 www.winkworth.co.uk/sleaford
Nottingham, £110,000

Known for its links to Robin Hood, this city thrives on tourism. It also has a large student population and its traditional industry embraces bicycles (Raleigh) and lace-making. Its southern suburb of West Bridgford is famous for the cricket ground at Trent Bridge. Along the river, between the two, this two-bedroom flat is on the fifth floor, giving great views of the water from the balcony. You could rent it out for about £450 a month, giving a yield of approximately 4.9%.
Call Winkworth’s Nottingham office on 0115 981 4481 www.winkworth.co.uk/nottingham
Kingsthorpe, Northampton £99,950

This village has been swallowed up by Northampton, but retains its ancient green with pretty houses around the church. This purpose-built, ground floor flat is just off the main road into the town centre and three miles from the station. Similar flats rent out for about £475 a month, giving a yield of 4.9%.
Call Winkworth’s Northampton office on 01273 471471 www.winkworth.co.uk/northampton
Beckenham, London Borough of Bromley £235,000

This area still likes to associate itself with Kent, even though it’s now part of the London Borough of Bromley. It has great transport links to central London, along with enough leafiness for you to think you are in the country. This top floor, one-bedroom flat is right in the centre of town and is for sale to investors. Always take service charges into consideration on leasehold properties – this one will set you back around £1,000 a year, giving a yield to 4.68%. However, a one-bedroom in the town centre will usually be snapped up quickly when you come to sell.
Call Winkworth’s Beckenham office on 020 8650 1000 www.winkworth.co.uk/beckenham
Reading, Berkshire £440,000

Another commuter hot spot, Reading is 25 minutes from Paddington by train and has easy access to the M4. This four-bedroom terrace is close to the town centre. The property currently generates an annual income of £26,340 - a yield of approximately 5.99%
Call Winkworth’s Reading office on 0118 402 2300 www.winkworth.co.uk/reading
London SW2 £199,950

Christchurch Road is variously described as being in Streatham or Brixton – take your pick. It is also has excellent transport links. This studio apartment is on the second floor of an art deco mansion block and overlooks the peaceful internal courtyard away from the road. The building has been modernised recently, with its communal areas decorated and updated, security gates installed and lifts refurbished. Similar flats rent for about £950 a month, giving a yield of 5.7%.
Call Winkworth’s Streatham office on 020 8769 6699 www.winkworth.co.uk/streatham
Enfield, London EN1 £260,000

This two-bedroom maisonette has a balcony and rear garden. The price reflects a short lease, but similar apartments nearby rent for about £1,000 a month, which would give you a yield of about 4.62%.
Call Winkworth’s Enfield office on 020 8366 5778 www.winkworth.co.uk/enfield
Waterloo, London SE1 £300,000

Handy for South Bank culture and just off The Cut, close to the Young Vic, this spacious, older style, purpose built block is surrounded by green space. Southwark Tube and Waterloo East are just a block away – you could hardly find a more convenient and buzzy location. This studio flat needs updating and could be let out for £1,000 a month, giving a yield of around 4%.
Call Winkworth’s Kennington office on 020 7587 0600 www.winkworth.co.uk/kennington
East Putney, London SW15 £34,500

If London property is out of range, but you still want to be a landlord, take a look at lock-up garages. With space of any kind at a premium in the capital, a garage can be a nice little earner – and won’t attract stamp duty even after April! You could charge about £150 a month, which works out as a 5.22% yield.
Call Winkworth’s Putney office on 020 8788 9295 www.winkworth.co.uk/putney
If you're thinking of investing in a buy-to-let and would like advice, speak to your nearest Winkworth office today. Click here to find yours. 

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