To ask how much your first home cost you?

[redwinegulper]

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

@ lightlypoached I have no recollection of what I said last week never mind last year . You will need to remind me what your children being Londoners has to do with this thread ?

2013 bought a barely liveable bungalow (major doer upper) for £245k. It's in city in South East and worth an awful lot more now . Even only 7 years later feels like it was so cheap.

£450k for a flat ? I hope they have good jobs . Isn’t the average salary in London around the 150k ? I’m sure they’ll be fine

£9,800 I think or thereabouts. Sold nine years later for £30somethingK, bought next one for about £44,000 which is now worth approximately £600,000 . It could do with some work and I've no intention of moving so what it's worth, even if it goes down in value after this crisis, will make no difference to me.

We had a terrible struggle with our first house, it was a nightmare.

I can't believe what house prices used to be. I remember my parents telling me our family home cost 11k or something. It is hard for me to comprehend that as an adult.

My own first home cost £335k.

Bought during the global financial crash in 2011. Paid 47000 for a duplex apartment 15 minutes from Glasgow city centre ( it needed rewiring ) in a beautiful area on the Clyde. All farmland behind me. I had deer outside yesterday! It’s valued now before Covid19 at much more, fully rewired, and owned outright. Large balcony (fake grass, a chimnea, table and chairs and a magnolia tree in full flower) has been a godsend since lockdown. I won’t be selling, I love it here. DD loves it here.

1980 £20,500.00 It was the only house cheap enough we could get a mortgage on. It was a derelict dump in a very scary, poor, scruffy town miles away from our families and jobs but it was a pretty road with very neat houses and we thought we could make it look nice again. And we did. We doubled our money in 12 months and sold it for £40k.
Happy days.
We've moved lots of times and stuck to the formula of buying the worst house on the best street and turning it into the best house for over 30 years. No pension and relatively low paid single income family with me as a sahm but we've made each and every home we have lived in an investment for our retirement and now we don't have to worry.

1980 Our first house may have been cheap in today's money but the interest rate and our mortgage payment certainly wasn't. I'm sure it was around 17%

32k in 1998 for a 3 bed terrace house in Leeds. I remember being worried about taking on such a large debt !!

£21,500. Two bed flat in 1985

Worked three jobs and lived with in-laws to save deposit.

Well you will laugh at this, from my archives. I was married in 1967, our first home, was a very spacious three bedroom bungalow,spacious kitchen, and lovely good sized bathroom. Small garden at the front, but huge garden at the back,backing onto a big field, also had a large garage,
Bought for the sum of £2.985 pounds.

1985, one-bedroomed flat in S. London for £35,000.

Sold in 2018 for £452, 000, though not by me. I was long gone.

£96k in 2001 in east London. 2 bed semi with 170 foot rear garden.

£14k in 1984, 3 bed terrace with 10% deposit, Northamptonshire

Almost half a million pounds. In The US.

1989. flat for £26k. Interest rates 15%. I was single earning £11k PA. Terrified I couldnt afford mortgage. Worked mon-fri. Finished early on a friday. Used to go to bed friday afternoon then go to second job and work friday and sat night, sleep sunday, back to work monday. No wonder I was single! No fridge for 6 months. Stored milk bottles in cold water. Parked car facing downhill in winter because it needed help to get going. Hand washed most of my washing. I was so broke. Eventualky got easier, treated myself to a Video player on finance £33×10 payments.

350k 2 bed flat in zone 2 London. 2012. I was 27, DH 26.

Had 2 high incomes, saved up by living like we earned a fraction of what we did. Parents topped up deposit which prob meant we could afford it 6 months quicker than without.

First property was a 2 bed cottage in 1998 for £41k, sold it 18 months later for £71k. It's just come on the market now for £180k, so hasn't gone up that much.

95k in 2006 it was a wreck sold for £115k in 2013 then brought for £155k and sold for £210k within a year. Then brought newbuild 300k sold for 312k brought current house 6 months ago 285k full refurb should be worth 355k plus but not sure what will happen to housing market now but can stay here if we need to it’s been our favourite house so far.

160k, 2003, London (SW). Got a 100% mortgage, interest only for first 2-3 years (can’t recall exactly) and borrowed fees etc from parents

£350k, 2016. 3 bed semi that needs gutting in the SE.

1997 £37,000.
Inherited the deposit from my Aunt who died

2018 74k 3 bed terrace in a big city. I was 25, DH 33 at the tjme. We'd never owned property before.

We had a lot on that year? Ivf and wedding so we sort of rushed into it, but we're on the ladder now and we plan to sell and buy another in ten years. I'm starting a nursing degree this year so I'm glad we focused on buying the house first.

1982 ---£21500. 3 bedroom semi with garage. 100% mortgage [ which you could get at the time]. Sold it 3 years later for £36000

2013, £190,000. Savings and a mortgage.