How much did your first house cost?

[Dave Davenport]

£18k for a one bedroom maisonette in 1982, I think the interest rate was about 12%.

 

[Venod]

£6500 for a 2 bedroom bungalow in 1974 sold for £10000 in 1979,

 

[derrick]

£9750.00 When i was about 21 years old. Two bed terrace in Bulwer rd. Edmonton London N18. Was a few years ago i am now 63.

 

[MontyVeda]

never been able to get on the mortgage ladder as none of my jobs have paid enough to buy a shed.

My folks bought the house i grew up in in 1972 for £6000. They sold it in 1988 for about £80,000, but still had about £6000 to pay off the mortgage.

 

[subaqua]

£32K for a 2 bed mid terrace cottage. in N Wales 1996 . sold to my brother for the cost of the mortgage buy out 2001 ( £32k) his mortgage company valued it at £54K , he defaulted on the mortgage and it was bought for £100K 2 years ago.

wish I had kept it and rented it out to him instead. I would own it now and it would be a nice little nest egg.

 

[ArDee]

1920's 2 bed semi bought in 1984 for £24,500 sold in 1991 for £60,000.

 

[biggs682]

£33k and its just been sold by latest owner for £170k

 

[Ian H]

£1,300 for a three bed terrace in N Wales, completely unmodernised, around 1974. Sold it a couple of years later for double the money. That was the 10% deposit for a house in Somerset.

 

[Andrew_P]

19 years old 1984 44k Studio Flat ducked and really dived (more like lied) to get the mortgage - 16 September 1992 I can remember as clears as it was yesterday my monthly Mortgage payment doubled and went past my income - me and my then girlfriend (now wife) had a £18 a week budget for food!

1996 it was valued for a fast sale for 19k - We were expecting so I was one of the first to do a buy to let, only I did it in reverse let to buy! Finnaly got shot of it in 2001 for 59k. £150k at todays prices.

What it makes you realise is just how nutty the UK is with house ownership - My current house has "earned" a basic full time salary since 2001 farking ridiculous. But honestly anyone who has been through the hell of negative equity would never count their chickens

 

[captain nemo1701]

1950's three bed mid terrace (OK, so third room is a box, but the PC fits in it).
£158k in 2009
Apparently now valued at £210k

 

[palinurus]

Rented until in my 40s. Haven't bought a house yet but now have small (400 sq. ft) 1 bed flat, cost 140,000 plus 2 years later ~15,000 for statutory lease extension (would have preferred to continue to rent if I could rent with some security of tenure from an organization, preferably a non-profit, rather than private landlords on a shorthold tenancy agreement)

 

[spen666]

Daddy bought my penthouse in Chelsea for me back in 1990. He was struggling to keep the taxman from his affairs so could only afford £500,00 for a place for me

 

[Dave7]

Our first house was in 1970. The couple wanted to emigrate but the house was facing compulsory purchase so they couldn't sell it so (don't think this is allowed now) we paid them £200.00 and took over the mortgage which was a massive £695.00. That cost us £15.00 per month and as I was only earning £15.00 per week it was quite a big chunk.

 

[Cubist]

We paid 32k for a 3 bed semi in 1988 in Huddersfield. More or less doubled over 5 years, when we sold it. Current value estimated at 170k. We paid 135 for the one were in now in 1999. I've just Zoopla`d the address and seen the value of next door, which has fewer rooms. Blimey.

 

[Dec66]

Dormer bungalow, three beds, garage, patio garden to rear.

£25,950 in 1987.