To ask how much your first home cost you?

[redwinegulper]

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

1997, two bed semi new build. Think it was £69,995 and the builders paid the 5% deposit. No idea what it's worth now as we've moved out of the region completely.

£165,000 for a 3 bed town house in 2012. (South West).

Bought outright with DH's savings.

£64k in London zone 3, 1997, mortgage on my salary plus £10k inheritance from my gran. (we don't still own it).

Affordability is interesting. Interest rates were high and we did loads of sums to work out if we could still pay if the rates went up to 15%

£48k, 2 bed end terrace, rural West Yorkshire, but not a cute Pennine village. 2000.
DH had £4K left by his grandma
I had £4K in savings
We mortgaged the rest
We sold is for £81.5 three years later,
Next door (no garden) sold recently for £120.

£65k for a 2 bed conversion in 1997 in London. It’s now worth about £500k but I’ve long sold it. I sold in 2001 for £140k. My grandfather left me £10k. I used £6.5k for deposit and the rest for refurb and furniture

45,000 for a new build 2 bed semi in 1993. Builders were offering to pay half the 5% deposit and mosr of the fees so we only had to put down 1200. We split after a couple of years and sold so similar price to what we paid. A couple of years later I bought an older house for about 36,000 with a 5% deposit. Lived there few years and house prices increased during that time.

£25k in 1988. I remortgaged to upgrade it (it was a crapheap). I was 27.

Now worth around £200k. I still have it and rent it out.

2001, 95k, Victorian tenement flat.

2012, 2 bed terraced, £79,000. Saved my first year's wages while living with parents and took a 5% mortgage deal which helped spread my savings further to accommodate solicitor fees & furnishing.

Two bed terrace in Wokingham in 1991, cost £69k, a similar house is going for £350k now - bloody insane.

195k, one bed flat.

2018, £375k

2019 - £430,000 in Somerset.

1987, 2 bed maisonette in a dodgy area of north London. £48,000
It had no heating, a ply board 1950s kitchen with a hole punched through a cupboard door, and porn behind left-behind wardrobes.
I worked for a city bank for 3 years, which I hated, but they gave me a 2% mortgage while the rates were about 6%.

£140,000 in 2011 for a 1 bed flat in zone 3 London. Had an extremely short lease on it, so we had to take a shorter mortgage term because the bank wanted at least thirty years left on the lease at the end of the mortgage term.

Spent £20k extending the lease two years later and the value nearly tripled overnight.

£52,500 in 1993 (?) 1 bed garden flat

Saved for 2 years for the deposit - no leg up

Had random old furniture in it - including mattress my grandparents had died in

£210,000 for a 3 bed semi on the outskirts of Bath in 2016.
Me and DH had no financial help other than our parents letting us live at home paying a nominal amount of rent to allow us to save for a couple of years after I finished Uni. We managed to save 45k in that time (in part due to 20k scholarship which I was awarded in my line of training/work) and lots of hard graft. We only put down a 35k deposit to allow us money to buy furniture, paint etc

£220,000 terraced 2 bed, 2 bathroom house in Bristol in 2016 which needed a whole lot of work. We had it valued recently and we've made 50 grand on it.

I bought my first home in 2018 , 3 bedroom semi detached £299500

£310,000 in 2012
3 bed semi in Surrey which needed/needs a lot of work

About £150k Uxbridge (London zone 6) I was 24, bf 26 we both worked in good jobs. No help from bank of mum and dad.

Oh and Year was 1998

£140K in Herne Hill SE24 in 2000. Both working. Got 125% mortgage - not sure they exist now!

Not many people realising that £100,000 in 2000 has almost halved in value due to inflation. That's not house value appreciation, it's inflation!

2002, £225,000