Smokin Joe
Legendary Member
- Location
- Bare headed cyclist, Smoker
One bedroom maisonette in Manor Park, east London in 1982. £14000, sold it for £30k four years later. They are going for a king's ransom now and the area has turned into a dump.
Yours first house
- Thread starter HertzvanRental
- Start date
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BoldonLad
Not part of the Elite
- Location
- South Tyneside
For whatever reason, some people simply do not want to buy. One of my Sisters-in-Law lives in a very nice "Council" property. She has been a "council" tenant since she was 21 (now 73). She could buy the property for less than the cost of a secondhand car (with relevant discounts etc), live in it, rent free, for the rest of her days, then leave (what is a £120,000 property) to her three sons. But, her rationale for not doing this is, she would have to take responsibility for looking after the "fabric" of the house.
Our first house was a lovely two up two down stone terrace in Hollingworth, near Glossop. 81K in 2003. One of the bedrooms was quite small as space was taken to make room for the bathroom, and it still had a working loo outside! It was in fairly good nick, but we made lots of changes and put in a lot of work to make it our own.
Nine months after buying work situation went south for both of us, and had to move away from the area for new jobs. It broke our hart to leave that house, but as a silver lining, in just about a year the crazy house price race meant we made about 5K after selling.
Nine months after buying work situation went south for both of us, and had to move away from the area for new jobs. It broke our hart to leave that house, but as a silver lining, in just about a year the crazy house price race meant we made about 5K after selling.
Electric_Andy
Heavy Metal Fan
- Location
- Plymouth
I've never had my own place, but I moved into my wife's house 7 years ago and my name is on the mortgage. I still feel most at home in my parents' bungalow.
My Dad and Grandad moved to our family home in 1971. They quickly built my Grandparents' bungalow in a neighbouring field which they now rent out. Then my Dad built an extension to their bungalow (2 bedrooms, a lounge and a bathroom). Then he converted the utility room to a shower room, and converted the loft into another bedroom and small lounge. He also built a breakfast room where the patio used to be. Finally, he built a granny flat on the end of the first extension. I'd love to live there one day.
My Dad and Grandad moved to our family home in 1971. They quickly built my Grandparents' bungalow in a neighbouring field which they now rent out. Then my Dad built an extension to their bungalow (2 bedrooms, a lounge and a bathroom). Then he converted the utility room to a shower room, and converted the loft into another bedroom and small lounge. He also built a breakfast room where the patio used to be. Finally, he built a granny flat on the end of the first extension. I'd love to live there one day.
gbb
Legendary Member
- Location
- Peterborough
TBF its horses for courses. My son lives in a council house, has a pretty stable well paying job but has no interest in buying it (with a healthy discount thrown in). He always said...i dont want the hassle, the possibility of something major happening, i'm happy where i am.
smutchin
Cat 6 Racer
- Location
- The Red Enclave
I lived in Barming up to the age of 13 (1972-1986). Maryland Drive. Were we neighbours?
As an adult, I lived in rented accommodation until I moved in with my partner, who already owned her own house. So I never actually bought my first house, just had my name added to her mortgage.
Bazzer
Setting the controls for the heart of the sun.
- Location
- On the edge of reality
Radcliffe near Bury, bought for £18,250 in 1981.
It could though have been anywhere in the country. Her first job and at the time I could probably have secured a transfer to most parts of the UK through my employer.
It could though have been anywhere in the country. Her first job and at the time I could probably have secured a transfer to most parts of the UK through my employer.
D
Deleted member 1258
Guest
Unfortunately not, the money that I've made selling houses I've brought, this is our third house, have gone straight into buying the next house.
youngoldbloke
The older I get, the faster I used to be ...
Unless you want to buy similar.
U
User169
Guest
Terraced house in deepest darkest Hackney for 210k in 2001. My wife told me last week they now go for 1.2M.
cisamcgu
Legendary Member
- Location
- Merseyside-ish
1996, 3-bed semi in Liverpool £69,500
2008, sold it for about £175,000 (if we had sold it in 2007 we probably would have got £200,000+
)
There was a time around 2004/2005 that the increase in the price of the house month on month, was more than my net pay !!!!
2008, sold it for about £175,000 (if we had sold it in 2007 we probably would have got £200,000+
)There was a time around 2004/2005 that the increase in the price of the house month on month, was more than my net pay !!!!
Jody
Stubborn git
Or you move north. Granted its a one way street if you spend the money, but even so someone I know moved to Yorkshire from outer London and was almost a millionaire.
