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06-05-2018, 12:35 AM
1

House prices

Just pinched the idea from elsewhere, but wondered how many can remember what you paid for your first home?

My first bought home after leaving my parents house was back in late 1968. It was a newly built 3 bedroomed on a very small but pleasant estate in a village near here. Not many houses there, and surrounded by farmland.

I can't remeber the exact figure now, but it was around £2,000 and you could have a garage added for an extra £200!!

It's almost impossible to imagine nowadays, isn't it.
How things have changed!
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06-05-2018, 04:37 AM
2

Re: House prices

!974 - A mid-terraced stone cottage in a Welsh village on a hill overlooking the Irish Sea with a pub opposite and a Post Office/shop down the road - £3,250 .....

Nice in summer, but above the snow-line in winter .....
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06-05-2018, 05:18 AM
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Re: House prices

But earnings were also very low in those days. £100 was considered a fortune when I was a child.
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06-05-2018, 05:50 AM
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Re: House prices

A mid terrace in a mining village in 1972 and I think we paid £1250. It doesn't sound much now but seemed a lot then with my take home pay only being around £15 a week....
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06-05-2018, 08:55 AM
5

Re: House prices

1985, our first house a town house in a village just outside York, it was lovely , with lovely neighbours either side, until one of them sold up, and the neighbours from hell moved in, it was time to leave..We paid £18,000.
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06-05-2018, 09:00 AM
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Re: House prices

We bought our first home in 1969 when we married. It was a semi-detached 3 bed bungalow in a Derbyshire village My husband who was 22 at the time had his first teaching post at a grammar school in Chesterfield. The property was just under £3000.
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06-05-2018, 09:15 AM
7

Re: House prices

In 1970, our first house cost £4,250. It was a two bedroomed older style semi.

All house prices seem a lot at the time of buying in relation to wages earned and the cost/expenses of other things. Some new cars could be bought for hundreds rather than thousands of Pounds for instance.
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06-05-2018, 09:19 AM
8

Re: House prices

We bought our first home when we married in 1977, I was only just turned 17. It was a mid terraced 2 bed property and cost us £5,800. It was a very well built solid house and our main bedroom was HUGE with fitted wardrobes. The stairs were very steep and on a corner, when we moved from that house we couldn't get the furniture out without taking the bedroom window out as the corner of the stairs was too tight, I don't remember it having to be taken out when we moved in though which is odd. We sold it 9 or 10 years later and it sold for £12,600.
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06-05-2018, 09:22 AM
9

Re: House prices

yes remember our first house price very well. We paid £7,450 back in 1972 for a 2 bed middle of three terrace house and sold it two years later for £9,500.

Very lucky to get it as well, gazzumping ( upping prices) was rife, and my cousin in law had this one being used as a fall back for his builders when the could not work elsewhere due to weather etc. So he let us have it for what he paid for it plus work done in it, that is family for you

The number of houses we looked at and by the time we got back to the agents on the same day the property was either sold or price increased. Not only that but interest rates on a mortgage was around 14/15 per cent
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06-05-2018, 09:23 AM
10

Re: House prices

My first house was bought in 1971/2 it cost 4k with a 200pound deposit that was alot of money
 
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