What Did You Pay For Your 1st Property?

[BN9 BHA]

£137,500 4 bedroom detached house in Newhaven - 2001

 

[Gwylan]

£72,000 for a 3-bed flat in Balham in 1994 - saw a similar one in the same road for £750.000 a few months ago

 

[Marshy]

59,950 3 bed terrace in b hill. Sold it for 165k

 

[HAILSHAM SEAGULL]

£14,950 for 5 bed Victorian villa in Hailsham in 1979, now valued at about 300k

 

[wilko1]

£30k house in 1983 Kemp Town ......now £500k+
Shame about signing it over to ex wife as part of divorce in 1987

 

[mwrpoole]

£29,995 1st floor 1 bed flat at top of southover street, 1994, loved my time there.

 

[BattFink]

£46,000 back in 2002... 4 Bedroom detached place (Newport, Wales)

 

[Nitram]

£16,500 for a one bed flat in Worthing 1981.

 

[thekinglives]

£245,000 townhouse Burgess Hill (2007)

 

[jimbob5]

Prices increased at a much higher percentage rate between 1970 and 1990 [when there was a slump btw] than they have done since 1990 but that does not seem right somehow, it seems it should be the other way round. Help me get my head round it!

 

[CorgiRegisteredFriend]

50,000 for a flat in Temple Street. The value of which dipped to 35,000 in the nineties.

 

[Ludensian Gull]

£14,000 for a 2 bed terrace in Ipswich 1982

 

[solly]

3 bed terrace in East Preston £45k in 1986

 

[Albion_Dave]

33,000 in 1993 for a 2 bed house in Eastbourne.

 

[Fat Langers]

£190,000 for 2 bed flat in Preston Park in 2008. Just sold it as have to upgrade with 2 kids. Gutted. Lovely area, and near the station for easy travelling to the Amex.

 

[surrey jim]

190,000 3 bed end of terrace in 2011. The property needed lots of work doing and was valued at 230,000 in the summer (valuation for mortgage purposes, we wouldnt consider moving)

 

[Tricky Dicky]

48k flat in Seaford in 1987

remember looking at a house in East St,Seaford a little earlier wanted 38k thought it was too much

this is a bit like the game show Pointless,lowest wins!

My first property was a small one bed flat in Shoreham that I paid 30k for in 1986. Doesn't seem posdible with todays prices. Sold that for 40k 6 years later. Bought a 3 bed semi for 84k and sold that 8 years later for 140k. Bought this house for 280k, whici is appzrently now worth 800k.

I was lucky ith my timings, no skill to it whatsoever, apart from buying the right things, I guess.

 

[Dr. Notthenineo'clocknews]

50 long, Crown Rd Portslade 1991

 

[Boroseagull]

£3250.00 for 4 bed end of terrace in North Road, number 27 to be precise, Portslade in 1967.

 

[Weststander]

Prices increased at a much higher percentage rate between 1970 and 1990 [when there was a slump btw] than they have done since 1990 but that does not seem right somehow, it seems it should be the other way round. Help me get my head round it!

There was mega cost and wage inflation in the 1970's up to c.1981, for everything in general, due to various crises and slumps in the UK and elsewhere. So the rise in house prices then, was far less in real terms. Similarly in the late 1980's under the Nigel Lawson boom.