To ask how much your first home cost you?

[redwinegulper]

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

It was a 2 bed bungalow in Herefordshire.

£49k 5(small) bedroom semi in NE in 1999
I got a really good job prior to uni in a niche specialism and got a good bonus which paid the deposit & some improvements - paid the mortgage with lodgers whilst st uni

£35k, Edinburgh 1998. Working full-time.

£165,000, 2019, three bed semi in Birmingham, was the cheapest house on the street as needed full renovation. We were lucky to get 95% mortgage, the deposit came from savings and a small amount that was gifted to us from both sets of parents as an engagement present, my parents loaned us £2500 for legal and moving fees that we pay back every month. We could have saved for longer (we started saving in April 18 after we got engaged and had our offer accepted January 19) and put down a larger deposit, but we were spending £800 a month on rent for a house we hated (was the only house in the area that accepted pets) so just decided to get on the property ladder as quickly as possible.

Oh and it was a tiny one bedroom flat in a tenement.

Basingstoke (north Hampshire) 1999/2000 (can't remember!) with ex fiancé. I was 21/22 and he was 26/27.

3 bed terrace, ex council, good size w garage, £93,000

He was warehouse manager at curries but about to start work at southern electric on around £20,000. I was in a first job post uni (non graduate level entry) in civil service earning £11,000 deposit was about £25000 from sale of his flat.

Bought an almost identical house just down the road later in 2005 with now husband for 157,000 which was a bit annoying as I moved out from ex and my house after 10 months with £4000 from the accrued equity.

Ours was £27,000 in 1997 3 bed semi in Cheshire

Sold our house last year for £240,000.

£17,250 for a two bedroom miners cottage in 1989.
I was 19 and pregnant. My partner got a job with a building society that gave good deals for staff mortgages.

£13,950 in 1983 for a 3 bedroomed terrace in West Yorkshire. However can also remember the mortgage interest rate hitting 15%

£36k in the north west in the 1990's. It was classed as unfit for human habitation. It was lovely when we finished doing it up.

500k, but we live in an expensive area

£38k in 1984 - sold it 9 years later for exactly the same amount.
Can't remember what deposit, I think 5% - but I worked in banking and had a subsidised mortgage.
Now valued at £290k, but still owned by person that bought it from me.

£24K -1983- new build city centre flat. 100% mortgage. No deposit required.

32.5k. 1997.

I afforded it by working. I earnt 10k a year doing office admin.

Think my take home pay was about £700. Mortgage was £210 a month. It was tight.

I got a lodger for a while which helped.

£27.5k for a 3-bed 1920s semi with a decent garden in a northwest industrial town in 1996.

Used a payout of £2k from a road accident for the deposit and fees, mortgage for the rest - solely in my name and I was on £12k/year at the time.

Still live here, no idea what it's worth but paid the mortgage off about 6 years ago.

1995 I bought a 2 bed terraced for £22k. I think I was earning about £10k a year at the time. I saved the deposit and got a mortgage.

£28,950 in 1986 3 bedrooms 22ft lounge 100ft garden I feel old

52k in Bristol, 1990.

2008, 96k 2bed garden flat, 5% deposit. Lived there ten years in order to see it out of the recession

Sold 2018 and was able to use the profit to put down a 25% on our current home. I don't envisage us making much on this one besides typical inflation due to area. However we don't intend to move for at least another 15 years.

£115k in 2013, 3 bed, 3 reception Victorian terrace in South Wales.

1993
£74k for a small house in Brixton
I was a student then, and my parents gave me 30k - they told me that this would be my early inheritance.
My boyfriend was working and had a mortgage on the rest of the money needed.
We sold it 8 years later for £195k.
Last year it was on the market for £800k

DH & I purchased our first home in 1999, a new build, in Greater Manchester. We paid £92,500 on a endowment mortgage (remember those?) with only £99 down payment.

Everyone told us we were insane to spend so much for a house "up north" but we relocated there after living in Berkshire. The exact same house: a three-bedroom detached with an attached garage and utility room in Wokingham would have cost us £175,000. My husband is from Greater Manchester and it was nice to live near my in-laws so it was a good choice.

We sold the house in 2004 and relocated to the USA (my home country). We sold the house to a cash buyer for £185,000 so we doubled our money in five short years. A house in the same neighborhood exactly like ours sold in 2018 for £235,000 so I think we sold at a good time. Plus, the £1 was worth $1.80 back then so we did ok.

We are talking about returning to live in the UK to be near the in-laws. However, house prices are nuts everywhere!

Wow @Balhammom what was your deposit!?

Mine was £360k in early 2015, absolute dump - when we moved in the loft was full of buckets to catch the rain coming through the holes in the roof. We wouldn’t have been able to afford it with price rises by 2016.