To ask how much your first home cost you?

[redwinegulper]

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

Bought my first house in 1998 when I was 19 for 43k.

It was a new build in an up and coming area. I used to go and look at it being built to remind myself why I was living on 5 quid to feed myself each week.

Sold it a couple of years later.

£34,000 4 bed detached in 1985.

£59950 in 1996-the threshold for stamp duty was £60k😁
We paid 5%deposit that we’d saved and took the mortgage on only dh’s salary which allowed me to work p/t once we had the children. The same house just sold a couple of weeks ago for over £180k.
Salaries have absolutely not kept up!

Should have said it was a 3 bed semi which was about 4 years old

Bought my first house in 2008 for £87k still living in it now, it's worth about £97k now.

Whiskey - yup! Lost my job through redudancy twice. I turned 30 a few days ago and I have been working since I was 14. It’s so bad jobs wise I’ve actually opened my own business to cover us in the meantime.

I'd be interested in why you're asking?! We both lived at home till we married in 1978. Just before we married we bought a three bed semi for £11,000-ish but didn't move in ... we saw one we liked better for just over £14,000 so sold the first one for about £12,500. It was the beginning of the silly price rises for houses but it was still a struggle - we both worked, hardly went out for several years, waited for about ten years to start a family - and survived the 12%+ interest rates as well!!

That's tough ToffeePennie . It must have been awful for you, but were neither of you able to get another job before things got that bad? I know unemployment rates are at their lowest levels for decades now.

1999. £56k 3 bed new build.

Between 50 and 60 thousand.

Parents gave me deposit.

2 bed terrace £19,250 in 1984

Hahaha at this "proper order" bollocks.
My mum chucked me out at 16. I house shared, rented shit mouldy cold flats, lived on fuck all to cover my rent. Plenty of other people in my generation have done the same.
We didn't all have the option to live at home and save, so maybe be grateful for the opportunities your parents made possible for you, rather than looking down on others who didn't have the same privilege.

DH bought the house we're in now a couple of years before we met.
3 bed semi in the suburbs of an Irish city.
Paid IR£83,000 in 1998.

Susannah - what when were we supposed to start these “new jobs”? It’s not like the redundancies were advertised. When you literally live paycheck to paycheck you don’t have a safety net or a cushion to support yourself in case of redundancy.
In fact my husband walked out the door the next day and walked into another job. But not the same wages and the same happened to me. I was on a very very good wage (£22 per hour) and had to take a minimum wage job....sometimes shit happens

Wish I bought earlier! Ours cost £415 in 2016.

Oops, hit post too soon!

Neighbours house sold recently for €249,000.
We have 5 years left on the mortgage. I'd move in the morning. I like the house, but MIL lives 5 minutes away and is the reason why DH WON'T move!

18k for a tiny studio flat in Harrow on the hill, London in 1981. Sold in 1985 for 30k. (Sold recently for 295k 😮😮😮)

28k for our first real house, a two bedroom cottage on the outskirts of Bath in 1986. Got it cheaply because it was a repossession. We sold it in 1999 for 98k, It's on the market at the moment for 345k 😮😮😩

AwkwardPaws27
So maybe this isn't the thread for you then?

£70k, two bed semi, bought on my own. Sold it seven years later for £150k and moved in with my dh. Now selling for £230k.

£140,000 in 2004. Saved up a 10% deposit and got a mortgage (with DH).

1982, 2 bed flat in Redhill, bought for £18,000. Sold it 2.5 years later for £22,000.
Just checked - the last flat in that block to be sold went for £274,000.

£204k in 2017, Dorset

£54k in 1992. Rather cute 2 bedroom terrace in Reading. Deposit was savings and DH and I were probably making about £34k a year between us.

Then I was a SAHM with two babies, interest rates went crazy and house prices fell. We sold in 1995 for £49k and moved up north.

We definitely didn't do things in the 'proper order' - I had been renting for several years with no money to spare to save, OH was homeless when we met. Few years later, after living in rented flats that had too high a rent to save money, we managed to buy this house because his grandma's partner guaranteed our mortgage with his summer house, trusting in OH's firm to take off and do well (and it has)

Homeless to homeowners in 5 or so years ain't bad though.

95k 2005 2 bed semi - absolute dump- little refurb later it was a sweet house. 3 houses since then.