To ask how much your first home cost you?

[redwinegulper]

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

£80,000, two bed flat in zone 1 in London, 1991. Sold in 2000 for £188,000 and bought bigger, 3 bed 2 bathroom flat round the corner for £295,000, which is now worth £850,000. Madness. I love this flat and the fact that it is so central, but DH wants to sell up and move to the arse end of nowhere in Suffolk.

2006 125k for a one bed flat in the cheapest London borough. 100% interest only mortgage as it was cheaper than renting. Then prices dropped and I was in negative equity for a good while. Met my OH and we saved up a deposit for a bigger home, rented out the flat until we had kids then we had to sell as we’re making a loss on the rent/mortgage. That flat is now worth 200k.

2012 aged 21, 2 bed doer upper in Dorset for 167k. Deposit was my savings plus some money from my parents and an uncle lent me money to do it up. Sold it 2 years later for 205k so I paid them all back and got my current house with Dh for 265k.

£28,000 three bed mid terrace in a fairly rough bit of Birmingham

1998 I wax 28 and could only afford it because the developer was paying the deposit as a first time buyer incentive

54k in 1993, after I left home I lived with DH who bought his house for 17.5k a few years before I moved in in 1987.

227k 2008 SE London. 100% mortgage that was 60% interest only 40% capital repayment mortgage which made it affordable. Plus a personal loan of 5k for expenses and furniture. Monthly costs were less than the rent of our tiny one bed flat (property we bought was a two bed house with garden that we felt we could have our first child in) so to us, the heavy borrowing made sense. We emigrated the following year and it has been rented ever since, plus we have made overpayments so we in fact paid off the mortgage last week It’s now worth circa 400k, if agents are to be believed (not sure I do at present tbh)

1982 - bought a 2 bed mid terrace with cash for just under £4000.

2002, 2 bed mid terrace, £81,000 - 105% mortgage!
Money does beget money, it's true. We renovated, sold for £129,000 7 years later. Equity enabled us to buy next house at £188,000. Sold 7 years later for £250,000. Current house was £420,000. We had the benefit of the 105% mortgage in 2002 but otherwise have funded our property through equity and mortgage repayments - we have not had money from parents etc.

I imagine it's far harder for couples in their 20s now to do this without help.

£153k in 2014, 1 bedroom flat in zone 6, with a 94% mortgage and a small deposit I saved by housesharing rather than renting a flat. We had a joint income of about £36k then.
We sold 3 years later for £227k (Crossrail), but bought a 3 bedroom house that needs work in the same area for £350k. Joint income was £60k when we moved.

1988 - £18,000 for a wee one bed flat on the southside of Glasgow. Was in my first ‘proper’ job and saved hard for a year to get my deposit (£1,000). Loved having my own space after years of student flatshares. Stayed there for 4 years then bought a bigger, nicer flat with my bf (now been DH for 25 years).

2010 for 90k Cumbria. paid cash. sold for 150k 6 years later

73k in 1997. 3bed ex-council Semi. Had lived quite frugally in cheap rented allowed us to save a massive deposit.
We're still here, no plans to move. zoopla values at over 420k now but we have no real idea. We did invest c. 70k about 10 years ago for a full refurbishment (Inc complete electric, plumbing, windows, roof) and extension.

£140k 2010 one bed flat. Worked hard saved hard during uni and after, never took out any credit finance etc so only debt was student loan. I did love back at my parents for two years after I graduated and saved as much as I could rather than fancy cars etc like other people I knew

Sold for £170k in 2016

1969, £3,700.

Last year - 178k in a nice but not fashionable bit of south Manchester
2 bed 1 bath HUGE garden, 15 mins on the bus or 4 tram stops away from the city centre. Can’t complain

£24 000 for a one bed flat in a dodgy area in Manchester in 2000. It was cheaper to get a mortgage than to rent on my awful newly - qualified nurse's wage! Ended up selling my car because it got repeatedly broken into to steal the tax disc and running or walking the 5 miles to work and same back again every day.

£110K just before the crash in 2008 😫

Sold it in 2016 for £95K (that was full home report value) after spending £25K on new window/doors, bathroom and kitchen etc. It's all relative though new house we bought would have been out of our budget had the prices stayed same or kept going up. That's what I tell myself to feel better anyway!

$55,000 USD in 1987 for a tiny 2 bed house. Sold in 1991 for $98,000 they knocked it down and built a big house, as it had a lovely big garden. all my lovely decorating gone.

It was mortgaged 95% we put deposit down but parents had frequently given us money that would have covered that. I was 22.

My husband had already bought a house, aged 21, before I met him. It was a 3 bed end terrace in Surrey for 28k, bought in 1982. Our first house together was a 2 bed Victorian cottage in Berkshire for 51k bought in 1986

335k in 2019, at the grand old age of 30!

2 bed new build house in SE London. £65,000 in 1994. Sold it 2 years later for £88,000. It was last sold in 2015 for £325,000.

£11,000 in 1989.
I was working part time on short term contracts!

£190,000 - 2 bed terrace in Zone 5 in 2010