To ask how much your first home cost you?

[redwinegulper]

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

285k in 2012 for a 2 bed flat in London zone 6. Used DH’s inheritance from grandparents as a deposit.

£90,000. 3 bedroom terrace. Mid Wales. 2001. 100% mortgage as low waged an no deposit. No help from parents (they didn't have any money). I was 31.

SE London boroughs, 2001, mid terrace 3 bedroom with tiny garden. We bought it for £169k, sold it for £268kin 2010.

According to Zoopla, it’s now estimated as £450k which is absolutely ridiculous.

£11600 for a new build 2 bed terrace in 1978. We saved and got a 95% mortgage.

Sold 15 months later for £18500. Worth about £250000 now.

1 bed flat £2400. 75/76

£75,000 2 bed flat. Bought by me and my husband. We were early 20s and both worked full time.

2003

1.5 bed apartment in Manhattan, 2005, $1.25m. Put in about 300k for renovations, and sold it in 2009 for the original purchase price, after the market crashed 🤦‍♀️

£34,400 in 1993. Sounds daft now but I saved up for the deposit and was skint during the early years.

It was a great purchase. I still live here

100k 2016. Lovely sizeable 3 bed. We saved a 30% deposit to get a good rate on a 15yr mortgage.

SE London 2005 £180k 3 bed semi sold 2019 £400k

160k, 2009, Cotswolds.

We were given a not insignificant sum of money for a deposit from parents. Basically inheritance given early.

1999, 77k... sold in 2017 for £300k 3 bed victorian terrace in central Reading

1982, 3 bed 1930’s terrace with large garden in run down northeast industrial town. £14,500. Only one previous owner who had done very little to it since it was built. The internal walls were limewashed (living rooms and bedrooms) indoor bathroom (without toilet) and outdoor toilet, open coal fires as the only heating. The kitchen had a sink and one, plywood, cupboard I had saved hard and lived with parents rent free for 2 years to make the deposit. The mortgage interest rate went up to 13% at one stage. Sold it 4 years later (with inside toilet and fully fitted kitchen etc) for £21,000.

£47k 2002, sold for £70k 18 months later. "Forever" house, bought for £225k in 2009. No idea what it's worth now. Zoopla reckons up to £375 but we've done quite a bit of work on it (extra bedroom etc).....

Feel sorry for the generation trying to get on the ladder now.

£570k, 2012, 2 bed flat in London zone 1. DH is a high earner and paid a large deposit, from money he'd saved from working since his student years (we were in our 30s when we bought). No inheritances or gifted money. I wasn't able to contribute to the deposit myself (but I'm still on the deeds).

We've cleared the mortgage already but were hoping to move by next year - can't see that happening now.

£185k in 2006. 100% mortgage back when that was allowed. We managed to save up enough to pay our fees.

South London 2-up 2-down end of terrace £16,750 in 1978.

2004. £89k tiny new build in Merseyside.

2002 2 bed garden flat in London for £159k with 5% deposit.

DH had a 3 bedroom city centre terraced house when I met him. That cost £90,000 him in 1997. He’d been working for 3 years and had saved a deposit. He rented 2 rooms to friends.

When we married we bought a 3 bedroom semi in a nearby seaside town. It cost us £180,000 in 2002. We have both worked since graduating, no parental contributions.

About £40k in 1984 in outer London (zone 5). We needed in those days (as my parents did in 1961 ( to buy before babies and with 2 full time professional salaries (nothing changes in that respect - always try to buy before you breed and with 2 professional salaries)......

We were a London trainee lawyer (their current pay is £40k a year) and a head of dept teacher - not sure what they earn today. Today our first house costs about £440k.

I just liked at some 1984 notes my salary was going up to £431 a month in the September and at least £250 (if we took it all from my salary) would go on the cost of full time childcare for the baby which was due in Sept 1984. Husband was about to get £536 a month if his salary went up to £9000.