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What did you pay for your first home?

(79 Posts)
BabsAnn Fri 11-Sept-15 16:02:28

Cheeky question...but I'm intrigued when I keep reading about the property market gone bonkers. We paid £23000 in 1981 for a 2 bed flat in north London. Goodness knows what it's worth now... If only we'd been in a position to keep it!

Charleygirl Fri 11-Sept-15 16:08:23

£38,000 for a 3 bedroom house in NW London in 1979. It needed a lot doing to it. Sold it in 1988 for £135,000. If on the market now it would be close to £700,000- frightening.

Elegran Fri 11-Sept-15 16:12:30

£2,500 in 1963 in a small town in Scotland for a tiny semi-detached bungalow. We were mortgaged up to the ears and higher, so don't assume that it was an incredible bargain.

tanith Fri 11-Sept-15 16:14:29

We paid £12750 in 1977 for a 3 bed semi in West London now its worth £400K we sold it for about £75K around 1995 , its staggering when you write it down like that.

Luckygirl Fri 11-Sept-15 16:14:49

£7,000 for a semidetached 2 - bed bungalow in 1974. They are going for about £25,000 now!

We stretched ourselves to the limit to buy it and were in a total panic about affording the mortgage when DD1 arrived.

Ana Fri 11-Sept-15 16:23:19

£25,000 Luckygirl? Surely not...

We paid £10,750 for a semi in 1974 and sold it ten years later for £25,500. Now they go for around £200,000.

Elegran Fri 11-Sept-15 16:23:32

Changed hands for £175,000 in 2006.

Indinana Fri 11-Sept-15 16:26:10

£5,200 for a 3 bedroomed semi near Burnham on Crouch in Essex in 1971. Could hardly get a decent second hand car for that now. One recently sold for £235,000.

Luckygirl I'm guessing you left a zero off the current price! If not, I want to know where they are so I can put an offer in grin

Lona Fri 11-Sept-15 16:29:55

We bought a lovely 3 bed semi in a leafy Cheshire suburb for £4850 in 1971. Then the market took off!
They cost about £300,000 and upwards now.

shysal Fri 11-Sept-15 16:38:22

We paid £1,400 for a little terraced house in Oxford (the 'shark' street for anyone who knows the city) in 1967. We spent £1000 on it adding a new kitchen and bathroom, and sold it in 1970 for around £4,000 I think, moving to a large 3 bed semi at £5,000.

annsixty Fri 11-Sept-15 16:39:30

We paid £2250 for a new semi in Derbyshire in 1960 prices are still quite low in that area. We are clearing cupboards out and only two days ago found the paperwork for our current house and it was quite revealing. We talk about high interest rates on mortgages then but we had proof. We bought it in March 1976 and the interest rate was 10.5% . We had a letter in October to say the rate was increasing to 12.25% , with the size of mortgages today everyone would be bankrupt. Incidentally that cost £16500

chloe1984 Fri 11-Sept-15 16:45:14

1970 paid £3500 for a two bedroom terraced house it had an upstairs bathroom but the only toilet was accessed through the kitchen. It was within a mile of the 2012 Olympic stadium ,in a very long street with a tube station at either end. Sold it around 1974 wouldn't like to guess its current value.

Greenfinch Fri 11-Sept-15 17:00:02

1972paid 9000 for a 3 bedroomed town house outside Reading. We could really only afford 8 but there were other viewers on the doorstep and we had two minutes to make up our minds.

M0nica Fri 11-Sept-15 17:00:04

In 1969 we paid £5950 for a new terraced house in Bracknell, Berkshire. We sold it 5 years later for £12,500. Houses on the estate now sell for about £250,000.

Our starting interest rate was around 7% and, as far as I can remember, for all but the last five years of our mortgage the rate never fell below, and was mostly above, that rate.

numberplease Fri 11-Sept-15 17:34:30

It was late 1965, and a brand new terraced (4 in each block), it cost £2,150. We sold it in 1977 for £5,800.
We bought this one, an old Victorian era end terraced, a bit decrepit, for £16,000, in 1985.

Luckygirl Fri 11-Sept-15 17:36:27

I meant £250,000 of course - sorry!

Coolgran65 Fri 11-Sept-15 17:44:09

In County Antrim in 1974 paid £6,000 for a detached 3 bed with garage/workshop outside toilet. Sold in in 1995 for £53,000.

In 1995 I bought a 3 bedroom terrace (no garage) for £26,000 and sold it 12 years later in 2007 for £127,000.... at the peak. I was very fortunate to be selling at that time. Especially as I was moving into my now DH's home and not looking for another house.

Anzza Fri 11-Sept-15 17:55:50

I paid £32,000 for a semi in Isleworth. West London. We sold it for £159,000 in 1998 Bought a house in Surrey for £192,00 in. 1998. Sold it for £895,000 in 2013. Whoop whoop!

Ana Fri 11-Sept-15 18:02:37

I've always lost out on housing booms...sad

Ceesnan Fri 11-Sept-15 18:05:36

Paid £17,500 for a 3 bed terraced house in 1981, sold it for £45,000 16 years later. Nowadays they are selling for about £130,000. This is on The Wirral.

Daisyboots Fri 11-Sept-15 18:45:05

I paid £3000 for an 1898 terraced cottage in West London in 1963. Goodness knows how much they go for now.

apricot Fri 11-Sept-15 19:11:59

£9000 for our first house, a 3 bed terrace in south Wales in 1975.
Sold it for £35000 in 1994 and bought my present house for £45000 (smaller but in more expensive area) It's now worth about £275000 and is still probably the cheapest house in the town.

Nelliemoser Fri 11-Sept-15 19:45:05

£13K for a post war Parker Morris standard three bedroomed semi in Barkingside in 1975.

Greyduster Fri 11-Sept-15 19:45:12

£17,000 for our 3 bed semi in 1980; sold it four years ago for £146,500. It just sold again for £175,000!

Nelliemoser Fri 11-Sept-15 19:56:05

We sold our first house as just mentioned in 1987 for £69K and moved up north to buy a four bed detached house for about 75K in 1987.
It is now worth about £325K. The house we sold to move here is probably worth more than this one. (Just looked one at £400K.)

We were just lucky to get the benefit of a London house price boom and moved up to Cheshire which was a lot cheaper.