Tell me about your first property that you bought..?

[yellowpolkadots101]

Looking at buying my first house. l just wondered whether you could tell me about your first property you bought?

Are you still in the property? Was it desirable or a shabby flat (no judgement here it's good to get on the property ladder no matter what the property is like!)

Any interesting stories?

Waiting for an appointment and thought I would ask away!

Bought our first property 11-12yrs ago and still in it.

We bought just before the market crashed so it was the worst time to buy!

It’s a nice largish Victorian style terraced house with period features although with 5 of us it’s feeling a bit snug now and I’d love to move to a larger house, possibly detached.

Buying your first house is so excting! Good luck!

Two-up two down terraced house in what was then a deeply unfashionable part of South London. Today its worth more than our current, much larger house in a market town in the south of England with about 4 times the space and 6 times the garden area.

It’s horrific - too small for us and looks like your great granny decorated it 15 years ago.

BUT it was cheap (mortgage is £270) and has masses of space to extend and is in an ok area :)

2 bed ground floor flat of a townhouse down the road from the Horniman museum in SE London. There are alpacas in Horniman gardens. Huge selling point 2013. Sold in 2015. Now in 3 bed Surrey semi.

It was an ex housing executive house in a quiet area. It was fine. Good condition but not very attractive. We did our best to make it a bit nicer but funds were limited. We moved after three years and bought something a bit bigger.

Bought 20 years ago when we were 19..still live there now.
Its a cottage on the village green. We had looked at a few terraced houses but didn't like them. I remember driving past our house thinking please let us like it! It needed completely gutting so it was alot to take on at 19. We've outgrown it really but I would find it so hard to leave here. There were no new builds in our village then, we live in an old pit village so rows of terraced. There are 3 new developments now.

End of terrace 3 bed in Hampshire, 2008.

I sold it 5 years later for 2 1/2 times what I bought it for, and we bought the house we're now in, detached 3 bed with land in Wales.

That first house was a brilliant buy!

1989
£38k mid terrace. 100% mortgage on a graduate salary of £8.9k. Interest rates were so high a lodger was needed to afford the £450 per month mortgage repayments.
Sold a few years later due to relocation and made only £50 profit after costs, due to the recession. I was lucky in that I wasn't in negative equity like a lot of people were.

Fabulous mew style property in a village. Purchased for £39950 and I lived in it for 19 years. Only sold it 4 years ago. I loved that home

Flat in cheaper London suburb, sold it for nearly 4 times what bought it for 10 years later having paid off mortgage. Amazing buy!

Bought our first property for £8k
Had a couple of extensions
42 years later now worth £150k

"There are alpacas in Horniman gardens"

are there?! How do I not know this?

first home is well exciting OP - enjoy!

On my own About 17 years ago. Dodgy lean to terrace with a roof that has never stopped causing problems. £79 k now worth £120-40.

I wish I’d listened to the estate agent and stretched myself to buy something less trouble.

But 8 had many happ6 years there with great neighbours. I still own it but it’s rented out. Moved in with dh.

Bought a 2 up 2 down terraced house in '94 for £32000

Sold it in 2007 for £91000

Was a lovely little house - really easy to keep warm(even with out central heating) and to clean.

Moved in with new DP then (now DH). Sold his house at 100% profit and we now have a 4 bed detached together with a mortgage after paying off the old one

Bought the first house at the right time - and definitely sold it just in time before prices fell.

I wish I had bought earlier - I had a chance in my late teens but was afraid of taking out such a large financial commitment on my own.

2 bed flat in a Victorian conversion in Bristol’s Cotham area in 1991 bought for £49k moved just as prices sky rocketed sold for £90k prices for that flat are now £350k! It was ok but our neighbours weren’t that nice. And parking was horrendous

Shabby flat that needed a lot of work!

This is out of the dark ages. It was a 2 bedroomed terraced house with a garden. It cost £l,500. Our mortgage was £10 a month and our rates £10 a year.

We bought it off an old gentleman in his nineties and he sold us everything in the house as we had nothing. He had lived in it all his married life so the furniture was Victorian/Edwardian. The sheets and pillowcases were lace edged thick linen some of which I am still using today.

All the light switches were beautiful engraved copper. Fabulous floor to ceiling built in cupboards in the kitchen which we should have stripped but we ripped out.

We modernised it i.e. ruined it and sold it a year later for £2,000. 25% profit in a time of no house inflation. Fifty years later I still dream about that house.

1 bed flat in a not particularly nice NW city. Small but perfectly formed. Ish. Decorated throughout, new bathroom, tarted up the kitchen. It had a bit of a damp problem, storage heaters and peculiar neighbours. Bought it in 2003; sold in 2006 having made 30k.

In 1982 I was single and eight months pregnant when I applied for my first mortgage with Nationwide. In those days it wasn't usual for "single mothers" to be granted mortgages but I'd been saving with them since I started work seven years before, with the sole purpose of buying a house for myself. The house cost £10,500 for a 2-bed terrace and the mortgage interest rate had just dropped down from 15% to around 13%.

My son and I moved in when he was one month old.

1991, I was 21 when we bought a one bedroom new build flat for £34,900. We sold it three years later, making no profit. It was on the market again recently at £99,000.

A garden flat in North London. I was straight out of university, pregnant and it was pretty much all we could afford in our chosen area. We don’t live there any more, but we still own it. It is my retirement fund as it is worth about 8x what we paid for it. I am glad we kept hold of it.

Late 90s

We bought a 3 bed semi new build 2 years ago. Nice estate (had strict planning permission)

New build was a good option for us as it's easy to maintain. It came with all the expensive appliances. We got really lucky when we bought the house and not everyone on the estate got all the stuff thrown in that we did (we were looking to buy a few months down the line but we saved a fortune with all the floors/integrated kitchen thrown in)

We're really pleased with it. The bedrooms are a bit small but I love having an ensuite and downstairs is a really good size.

An ex-council flat on a low-rise estate in inner London, in 1992. My budget was £42k and the asking price was £46k but the owner accepted my offer straight away. One bedroom, good sized rooms, lovely big windows, a fantastic store room with deep shelves, and a balcony that I filled with plants. I absolutely loved it, was there ten years.