If you’ve paid off your mortgage, how much is your house worth?

Bought the house for £775k in 2019. Paid mortgage off in 2024. Now I reckon it’s worth about a million. Both mid 40s.

Bought for £285k with £165K mortagage in 2011 paid off in 2022. Gradually increased overpayments each year (everytime we got a payrise we overpaid by that amount) and savings through not paying fares and working from home over covid. Now worth £500k approx. Live in the South East.

Mid 50s now and 1st bought at 23. Equity built up over the years with each move, 1 bed flat (£30k to £32k), 2 bed flat (£40k to £130k), 3 bed semi (£220k to 275k) and current detached £275k in 2014 with a £90k mortgage, which was paid off last year due to overpaying when interest rates were low for a long time. Now worth approx £550k.

Clearly our age / timing / low interest rates played in our favour. This is not lost on us, and we do feel for the younger generation who won’t get the benefit like we did. All we can do is save where we can and try and help DC with deposits - the 5% deposit on our first flat was £1,500. We know how lucky we were.

House is around 400k now. Paid off at 37 but because my husband died and it was covered by insurance. Its a weird asset as it keeps me and DC safe but I don’t have much money to play with as a widowed parent

Mortgage free at 33

House worth 700k but will only confirm if house dold

Do not count it as part of my net worth as I need somewhere to live.

My parents’ home has more than doubles in value since they paid the mortgage off 20 years ago. They never could have afforded what it’s become.

I saved up and paid cash for my house so effectively cleared the mortgage before it ever existed!

I’m a very high earner living in a very modest house. I’d rather invest my money and retire early than have an expensive house. Others on similar salaries are often quite shocked when they find out but they’ll all be working for many, many years more than I will to fund their lifestyles.

Our home is worth barely 12 month’s pre-tax household income.

We will have ours paid off in ~4.5years, just as I turn 40. House bought in 2019 for £205k with a mortgage of £165k. We are focusing on maximising overpayments before we remortgage for the last time. Standard 3-bed semi that we have spent in the region of £65k on since 2023 to modernise, probably now worth in the region of £330k. We haven’t had parental help or inheritance to help, it’s purely our wages.

I think the OP was asking how much the mortgage was rather than the current value of the property.

Paid off a £120,000 mortgage two years ago and house is probably worth about £850,000 now. Our initial mortgage was taken out on 3x DH’s salary. I’m convinced house prices have risen so much in part because people can borrow so much more now. The only reason our house and others in the street are worth so much is because of the vast amounts of money people can borrow.

£700k 40 now bought when we were 29 house was £240k when we bought it. We’ve spent £100k on it.

£920k or so based on what my neighbour sold for recently. It hasn't gain much value in the 12 years we owned it. We started out with around a third deposit and the rest mortgage. We are higher earners and overpaid as much as we could every month, plus we added pretty much every bonus etc. We didn't have any inheritances yet. We live cheap, not into expensive clothes, tech or beauty, while other people bought range rovers I drive a 15 year old banger but my house is paid off.

Mortgage free by late / mid 30s due to overpayment and then inheritance, which kind of saved us because I suddenly became very unexpectedly disabled and could no longer work. House valued at around £350k in South Norfolk. We’ve never wanted to move anywhere bigger. We enjoy having more disposable income to spend on holidays etc.

We have £150k left on the mortgage but £850k equity. Combination of massive property price rises in the 17 years since we bought the house, and a £350k inheritance.

Not MF yet but aim to be in the next 12m. Our house will be worth approx £450k and I'll be 45.

We will only be MF because we got our first £60k mortgage when I was 21 and we moved very slowly up the ladder over the last 24yrs, perhaps too cautious that we didn't overextend ourselves, following the housing crash and DHs redundancy which screwed us financially years.

Bought 2009 for 460k with 375k mortgage on a 0.25% above base rate tracker mortgage. Paid interest only and ploughed every spare penny into investments to pay off the mortgage on basis that they earned higher interest than the mortgage rate. Paid off last year. House worth 900k-1m, not sure exactly. We are locked into our location for at least the next 6 years due to schools and everywhere round us that is similar size is the same price or higher. Also thinking that kids realistically may not move out till they are mid/late 20s. The value of our house will not be something we can liquidate for a very long time but we are very very fortunate to have this asset.

There’s so many variables to take into account. We’re 16 years into a 25 year mortgage but hoping to pay it off prior to that. One of my friends and her DH recently paid off the mortgage because her mum died, her and her sister sold their mum’s house plus (I assume) there were some other assets and now she’s mortgage free.

We bought our house in 1999 for £165k. No inheritance/help from parents. SE London. Mortgage paid off about 3 or 4 years ago when we were early 50s. Current value £770k.

Edited to add, we obviously couldn't afford to buy our house now 😅

I bought in the midst of financial crisis so it was indeed very cheap. Sub 100k. Needed a lot of work which I did in bits over the 10 year period. Mortgage rates were also very low. I sold it last year and about to buy a house. I am borrowing about 130k and planning to clear most of it within 5 years. I will have a lodger to help with that.
I am a single professional on a pretty average salary. Not even close to six figures. But being mortgage-free is priceless to me so I am prepared to make sacrifices.

Recently paid off, age 50. Worth 500+K, bought ~18years ago for 250K (170K mortage). No inheritance/help with deposit etc...feels good to be gone!

We bought our first house in 1994 for £95k. Over the years we've traded up and at times increased our mortgage. We did a big move in 2025 which entailed us extending our mortgage to £200k.

We finally paid our mortgage off last year. I think our current house is worth about £830k.

I despair of house prices. Our DC are in rented flats and I can't see them getting on the property ladder any time soon.

Mortgage paid off in 2003 - combination of DH's career taking off and my father dying.

Do you not need to ask how old people are? If you have a 25 year mortgage from age 30 it will be paid off by the time you’re 55 regardless of amount?

£499k in coastal Pembrokeshire, I’m awaiting exchange/completion at the moment. I’ve been mortgage free since December. I bought it for £295k in 2004 with a £200k mortgage.

We’ve paid off our mortgage and house is worth £850K, however we brought in 1994 and the house was worth £152K then.