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  • Deal Finding

    Stockton on Tees for a remote newbie?

    Hi 

    My name is MJ. I am new here. I have been offered some Investment property in Stockton tockton on tees.

    I m based in london just need to find out about area and rent etc. Is it worth investing in this area.

    I would really appreciate your reply and help.

    Regard 

    MJ
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    Depends where if the streets are
    Like the ones that were in benefit street it’s a definite no. You need to know area one streets good one streets not and doesn’t take much for good ones to be bad. What streets you looking at
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     Rokeby Street TS18
    Cheltenham Avenue TS17
    Buckingham Road TS18
    Dunkeld Close TS19
    Thornton Grove TS20
    Cleveland Avenue TS20
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    Hi law,

    Thank you for your honest answer. I have send you a list of street that has been offer to me. If you canlet me know your thought on area around please. I will be grateful.

    Many thanks 

    Manoj
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    Hi MJ,

    Welcome to the tribe.

    I think that you need to take a step back and consider a few issues ....

    I would be more concerned of the credentials of who is offering you a deal.  Have you been approached by a deal sourcer charging a fee?

    Being a newcomer has risk when buying close to an area you know - buying remotely massively amplifies the risk.  I always recommend starting out buying close to home.

    Where are you based and why are you not purchasing in an area you know?

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    Hi Vanessa,

    Tha k you for reply. I am from London  as you  know in here its out of reach. If you shred some light which is the best area for rental property i would really appreciate. 

    Hoping for you reply. 

    Thanking you in advance. 

    MJ
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    The answer to that is really "how long is a piece of string?".

    My advice would be to go onto rightmove, put in your home postcode and gradually extend the search radius until properties start to appear within your price range.

    I would then do due diligence on that area and source a tenanted property - see the video below about how that could mitigate your risk of buying remotely.


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    Hi Vanessa,

    Is it possible to send me a link of the website. The i find on my laptop it does not  let me register with them or do anything on it. 

    Kind regards
    MJ
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    Hi Manoj,

    Our website is https://www.vestaproperty.com

    Please let us know if this link works for you now? If not, then we'd suggest using either Google Chrome, Internet Explorer or Firefox as your internet browser and checking that JavaScript is enabled?

    Kind regards,

    Team Vesta

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