To ask what you think a reasonable price for a small “starter” home is?

[TeenLifeMum]

We talk a lot about housing costs being too high but what would be affordable for young people wanting a 2 bed property in your mind? I’m intrigued by different perceptions and perspectives on this subject.

dh and I were very low paid (local newspaper journalists, graduates on terrible pay) when we purchased our first home. We did have 2 incomes but in 2005 I was on £11,500 and dh was on £10,500 when we bought our first home.

This definitely comes down to location. My first starter home bought in 2006 was £79k. I now live in a decent 4 bed town house that cost me £200k in 2021. I live in Hull so that probably explains that cheap prices!

They definitely needed official high quality evidence every time i
have bought @Hardhaton1

It really depends on so many things. Salaries are often higher or have the potential to be higher in more expensive areas. Some people might start off buying a small one bedroom flat, others might buy a bigger house as their first home.

So much depends on where you want to buy.

DH and I bought our first house 3yrs ago. We had to move 150 miles north of where we were renting to be able to afford to buy. It's a small 3 bed semi we got for £280k. That was our maximum we were prepared to buy for. It's got very small bedrooms, but it's a starting place for us and we are finally on the housing ladder