Buying my flat was the worst mistake of my life.

[bibshamed]

6 months ago, at 22 years old, I bought a 3 bed duplex/maisonette flat in Aldershot. It was fine, I liked living there, and we made it home. Well, my 4 year relationship fell apart, and I realised I only bought it because he loved it and I wasn't happy there. I moved back with my Mum in Cambridge and realised I made the biggest mistake of my life. It's in a terrible area of Aldershot, with electrical issues.

I had 2 nightmare lodgers who eventually left and are now threatening me with small claims court for not returning their deposit, despite leaving the place in a bad condition after, constantly complained and lied about extent of repairs needed, only 2 months (smoking weed inside, not ventilating or heating it, so mould) AND running into arrears.

I put down a £50k deposit, which I saved for 5 years while living at home and studying, for that money. I have priced it so that hopefully to break even after estate agent and conveyancing fees. I don't know why I moved so far away from my family, it was a huge mistake, and I realised I was only happy living there because I was with Him. I don't know what to do I just want to cry. I don't think anyone will buy it. I paid 165k for it. I think I may have overpaid. I feel so stupid.

Hold on. You only bought it 6 months ago and all that has happened since?

It’s done. We all make mistakes. I’m still making them and I’m nearly 40.

Make the flat look as nice as possible, post some pictures on the house section on here if you want some constructive feedback. Hopefully you’ll get your money back, and be able to put it all behind you. It’s really not the end of the world although it probably feels like it just now.

Wow, quite an emotional 6 months then OP.
Is the flat in joint names - if so I hope you protected your deposit.
No point in crying over spilt milk as they say. Just get the property sold and move on with your life.

It’s just a lesson learnt isn’t it, that’s life, you didn’t do it on purpose, it’s just one of those things. Don’t cry over spilt milk. Even if you loose a little from the sale it won’t be an astronomical amount so don’t worry, your so young you have loads of time to save again and start a fresh.

You’re only 22, at this age we all make mistakes, just feel bad that you are losing money in this particular situation. I’m sure someone will buy your flat, and then you can put this behind you and move forward. Try to keep yourself busy, meet up with good friends, spend time with family.

by the way you did amazing to save £50k by 22 - it always pays to get advice from family or others when buying property

good luck op

Do you absolutely have to sell now? Use Open Rent to let it out, you can get tenants yourself that way.

What job can you do without any further education (you must have started at 17) That allows you to save 50k and get a £115k mortgage?

Thé local authority might be interested in it. You're guaranteed rent every month and they take the risk

Maybe they were selling magic beans?

Get it sold! You're 22, you'll make more money. Don't overthink it or feel bad, you made a mistake. Things will be fine in the long run and now you know what you actually want! 💐

We saved over 40k by the time we were 21 and in full time education, we had brill overtime jobs and DH had a year in industry between uni years.

A part-time job obviously.

Not everyone needs the bank of Mummy and Daddy.

Sorry OP, I feel your pain.

I hope that people read this and stop giving advice to rent out houses like it's a doddle.

OP be glad this has happened when you are young. This is by no means as big a setback as you think it is right now and a valuable lesson.

There's something weird about this, there's one flat for sale in all of Aldershot that has 3 beds, priced at 170k. The next cheapest three bed flat in Aldershot is 500k. I don't know what's weird about it but there's something really off, I live near-ish and the figures didn't sound right...

Loads of jobs. You only need to earn £25.5k to get a £115k mortgage

You can easily save £50k if you're living at home on that wage if you're determined

Maybe someone died and left them money

It’s not that bad. I lost over £100k in the 2007/8 crash. At 22 you have tons of time to recover from the loss. It’s not that you made a mistake, it’s that in life shit happens.

The only one on here is you and I've reported you for your baseless attack.

@HotChoxs has a valid point. You need to check the talk guidelines because trollhunting is prohibited on MN and your posts are taking on that sort of tone. You could end up being banned.