To ask how much your first home cost you?

[redwinegulper]

What year was it in, and how did you afford it
?

DH bought a 2 bed terrace he was renting for £28k in 1986 as it needed work doing and landlady didn't have the cash to do it. I moved in in 1988. We sold for £70k in 1992 having spent about £4k on renovations. Bought a 4 bed detached for £89k and still live in it!

2009 £96k for a 2 bed end terrace in the Midlands. It was a lovely little house and loads of potential but moved to be closer to family when we had children. Only made £6k in the 5yrs we owned it, but out current house has gone up £70k in 3yrs according to Zoopla. Our initial deposit was paid by my DPs but that was immediately after the crash and there were very few mortgages on the market, went from 5% to 15% deposits over night!

2013 £360K (north London)

£290k in 2011, sold it a month ago for £390k (Victorian 3 bed semi), somewhere in north west england where prices are in line with some places down south. I did it with my now Husband, it was his second house - otherwise it would have been more modest I imagine!!

One bed flat in 1988. £36K.
Sold it 4 years later for £22K, Disaster.

The key to getting on the property ladder is to do it before you have children . And finish your education too. Everything is so much harder to juggle if you don’t follow those two basic steps .

And to those who couldn’t live at home past 18 , was it because you wanted to live with your boyfriend? What’s wrong with dating ? So many couples get together nowadays and suddenly their boyfriend / girlfriend is their “partner” and they need to move in together straight away . Then a baby arrives and mum wants to stay at home or work part time. So now you have one wage coming in, rent to pay and also try to save for a house . It’s like pissing in the wind . Choose wisely !

£210, 000 in 2012. Could only afford it as I rode on DHs coat tails - his parents gave him £50000 , they are exceedingly generous.

£66k in 2000 for a brand new build 2 bedroom semi. Sold it in 2008 for £135k

£44k in 1992. 3 bed Victorian terrace. Paid 5% deposit and got £1k cash back on completion!
Extended the mortgage a couple of times for new windows and a kitchen/bathroom upgrade.
Sold the house in 2016 for £155k
Downsized and paid off my mortgage.

and our mortgage interest was 8% 😱😱

Mine was £47,500 in 1991 at the then top of the market. New build studio flat in south London. Deposit was "paid" by the developer . Didn't make much as my buying and selling timings were crap!

But I think the best investment I know of was my Godmother who, with her husband, bought a 3 bed terrace for £250 in the 1950s in what was then a complete shithole part of London. Ladies and gentlemen, I give you:

www.rightmove.co.uk/house-prices/W11/Denbigh-Terrace.html

purpletigers you might be surprised to learn that there are many people who cannot stay at home after 18. I was kicked out. I wasn't alone. I moved in with my partner (cheaper together) and we managed to buy a house at 19/20. We split, I kept the house. But we didn't have kids. I agree with you there!

My first and only house is a self build on the family farm . Started to build in 2002 , moved in in 2007 . Funded by savings and by doing a lot of the work ourselves. I was 30 when we started.

£250 k, 2012

430k euro in 2016 in a very expensive part of South Dublin. It’s a two bed terrace but is 200m from the sea front. Currently selling for 600k.

But for all those who couldn’t stay at home there will be lots who just didn’t want to . They want to live with their partner instead of a house share . You can’t skip a few steps and expect the same outcome . Sorry you broke up but thank goodness you didn’t have kids together . You’d have been royally screwed .

£410k in 2015 for a tiny, lovely terraced house. My new DH had (very wisely!) saved up to buy a tiny flat about 10 years previously, so the sale of that provided our deposit. Our families are unable to support us financially so I'm forever grateful that DH was much savvier/careful/cleverer with his wages as a young man!

Bought our first house last year for £445k

1979. A 3 bedroomed terrace in Yorkshire for £6000. We were looking around £4500 but pushed ourselves because we loved it. I was 18 and 6 months pregnant, H was 21 and working and we got a 95% mortgage.

Supa - where I live the majority of young people live at home well into their twenties . I do think it’s a cultural thing .
It’s a pain in the ass living with parents as an adult but there just aren’t the houses available to provide a home for another generation every 18 years.

75K, 2 bedroom maisonette in Scotland, mid-2000s. Small deposit gifted by family ( instead of them paying towards our wedding)

Interesting nota's sale at a loss after apurchase inthe 80s. We had similar house and two buy to "lose" flats all 3 sold at a loss in the 90s. Property has never been a one way bet.

400k, this year

early-mid '90s. 67k. Zone 1 London. I bought on my own on a three-times-salary mortgage.

Purple cultural??? What??? Kids not getting on with step parents, abusive childhoods, overcrowding....... needing to be closer to work the list is endless. It's not cultural or a choice for many