What did you pay for your first home?

I remember we struggled to pay the mortgage, things weren't all roses round the door 45/50 years ago, whereas our DC pay their mortgages easily
Have lovely furniture and holidays as well, thanks to interest rates being so low for so very long.

When buying our first home in 1971, we couldn't afford to go higher than £4000, and managed to buy at £3985.

That was a new build and you couldn't buy a garage for that these days.

We paid £5300 for a middle terrace house, with a front garden, in Exeter in 1972 - seemed a lot at the time

We bought our first bungalow, in Essex, in 1961 for £2400, and lived there for seven years, then sold it for £4750 when DH job relocated to Berkshire. We bought a three bedroom semi for £5500 in 1968, and they are now going for around £375000. My parents, married in 1933, in London's East End, and bought a three bedroom detached in Hounslow for £600, having to borrow some of the deposit from Grandad. Mum thought she had moved to the back of beyond after London. When we married, she told us that as long as you had your bricks and mortar, you could sit on orange boxes!

We bought a semi in 1975 for £8,250. We were only aged 23 at the time! Can't imagine 23 year old getting a mortgage these days. Our next house was £27,000, and the one we live in now was £200.000.

In 1971 we bought our three bed semi for £5,000 after saving £500 deposit, while living with our three small children in a council house.
It was on the borders of South London and Kent, just round the corner from the school where I was teaching at the time and near both sets of grandparents for visits and baby sitting, and handy for my husband's train commute to London. Perfect.
Six months later my 30 year old husband, my childhood sweetheart, was killed in a car crash.
I received offers from estate agents who obviously spent their time reading the obituaries. Within the year I sold for £13,000 and moved my little family, and the cat, to the seaside in Devon to start again. I had never been to Devon and thank goodness it was all I had hoped for, clean air, nice people. I bought a house for £8,000 cash and sold a year after that for £13,000. My children grew up playing on the beach and swimming in the sea.
Those were really mad times in property. If I had known anything about money I would have kept all my houses over the years and would now be a multi millionaire. Hindsight is a wonderful thing.

All these posts point out just how true the thing about Location, Location ,Location really is. The southerners are mostly the winners in the house prices inflation stakes.

£6K in 1967 in Lincolnshire, then a much bigger house still in same place for£10,500 in 1987. Sold that in 2007 for £175K and moved to Sussex where I got a house half the size for twice the selling price of the Lincolnshire one. Just had this one valued and it's gone up in 8 years from £350K to £434K.

We had our first home built on my in laws orchard in 1969. It was a sizeable 3 bedroom house ( for that time) and cost a massive £4,000!

We paid £18000 in Horsham in 1980 & still live there in the same house! Estimate it to be around £300k now.

Grannybadger my DD lives in Storrington and since they bought in the late 90's it has gone up in value many times.

Our first house in Aylesbury cost £6850 in 1972 and our present house in North Bucks has been valued at just under £500,000 - I think we've been very lucky although it has been a struggle to pay the mortgage at times. That's all behind us now, time to enjoy the fruits of our labours!

We bought a 3 bed bungalow in 1970 in a village near Canterbury in Kent, for £4400. Sold it in the crash for 32K in 1983, reduced from 47K.

£1,300 for a run down 3 bed terraced in Lancashire (1972). We got a council grant to update it for free in those days (new windows, damp course, central heating, asphalt floors etc). How lucky were we. Our mortgage was round about £30 per month I think. We sold it 3 years later and moved to a semi for £17,250. My husband took a lot of persuading lol. What clinched it was a car pit in the garage.

We bought a 2 bedroom purpose-built Abraham's flat in Leyton, East London in 1975 for £8.500, they are now on the Market for £350.000.

We sold that flat for £18.000 in 1978 & bought a 3 bedroom house for £22.000. in the same area. My neighbour's house is on the market for £550.000. Crazy.

Heaven knows what will happen if this bubble bursts or the interest rate goes up.

We bought a 2 bed semi starter home in 77 for £12,400 we struggled to meet the mortgage then not long after we moved in the mortgage rate went from 7% to 15% and we were really stretched but managed to hold on. Sold in 89 £28,500 in 89. Bought next house 3 bed detached for £28,500 sold in 2004 for £225.000. Bought farmhouse in 2004 £235,000, 2015 worth approx £500,000.

When we were paying £21 a month for the mortgage in 1971 my weekly shopping bill was around £5 for the two of us (£7 if I went to Waitrose and bought winw as well) and I think we paid about £5 a month for electricity. Our current house in Bracknell cost around £80,000 in 1999, the going rate is now around £280,000. No wonder DS can't buy a house!

Well I paid £650 (that's right) for a beautiful two bed terraced cottage on a cobbled hill above the town of Stalybridge in Cheshire with a view of the Penines it was in 1975 and I went into the estate agents with the cash because that's how I thought you could do it. I was so surprised when he said that I would have to wait for about six months for it to be mine even though it was empty a couple of years later I bought the one next door and that was £1200. How I wish I still had them!!

We bought our first house, a new 4 bed semi in York for just under £4,000 in 1969. When we moved in we had a new bed, washing machine and cooker. The table and chairs were passed on by DHs grandparents, the sofa was DHs old single divan and we were given an old tele housed in a cabinet. We sold this house in 1977 for £11,000 by sticking a home-made board in the front garden and got a buyer in just a few weeks. Does anybody sell their own house these days?

The asking price for our (built 1886) cottage was £6,000 in 1973. We could not get a mortgage as DH worked for the family firm on low wages and the mortgage companies would not take into account his earnings from his dance band. Finally we were granted a £3,500 mortgage from the local Council, on condition that we undertook to bring the house back up to standard within 5 years. We put in an offer of £4,500 on the closing date which was accepted as the only one on the table. We had saved £1000 deposit by banking every penny of the band earnings over 18months. What we had not reckoned on was £250 legal fees, which we covered by selling everything of value - my Gold sovereign and silver 3d collection, Dh's stamp collection + 4 weeks pay in advance £80. Had to move in, penniless, with baby + toddler, the day after we got the keys as we could not pay our Council House rent. Thankfully, the mortgage was paid 6 monthly - at 11 7/8% - so after a very frugal Autumn and Christmas we had saved the payment.

We got a grant of £3000 from the council and the offer of an extra £3000 on the mortgage to complete a kitchen extension and a bathroom in the box room, but by doing all the work ourselves, with some help from our Dads (Electrician & Joiner) we did not need to take out the extra mortgage.

Value today??? probably only around £150,000 as just 2 bedrooms and on a now VERY busy main road. Not an issue as we have no intention of moving.

Mine cost nothing, I inherited it.

We paid 4,750 in 1971 for a 4 bedroom dormer bungalow in Bury, Lancs, and sold it in 2006 for 210,000 as we were emigrating to Australia.

The only price I can remember was £4,500 for a small detached house, garage and lovely garden, on the outskirts of Hull in 1968. We had just done 2 years in Singapore and had managed to save some money.
Our first house was much smaller, a semi, in 1962, near Wigan. Like JacktheLad we had no carpets, our "bed" was a mattress on the floor, no phone, no fridge, but it was home! I should think it was about £2,000.

We paid £3,000 for our first house near Stockport in 1966. The garages were in a block at the end of the road, and we had to do our sums to work out whether or not we could afford the £200 for a garage!

£2500 for a 3 bed semi in 1971. It had been empty for a year and there had been a leak, so it needed redecorating meaning we got it for a few thousand less than similar houses on the road. The same houses are selling for around 180,000 - 200,000 now. Crazy, isn't it.