Property: Stepping Stones, One Couple's Property Story
Saturday 13 February 1999
However, their only alternative was a squalid rented flat in Hackney; and Mandy believes that their backgrounds also influenced them: "Our parents had bought, so we thought we should." She admits to a certain naivety about the process: "We were told we could borrow up to pounds 50,000 but we didn't dare; it seemed such a lot of money at the time."
They viewed only two properties and plumped for the second, a converted, ground-floor two-bedroom flat, overlooking Hackney's main road, which cost pounds 38,000. The flat, in a listed building, had certain advantages: "It was close to friends and the flower market and near a good pub and fish-and-chip shop. There was even a bingo club if I got desperate," Mandy recalls.
The couple lived there for six years but found the community feeling starting to fade: "We were burgled and my car was broken into every Friday night because of the disco-pubs."
Finally, a combination of the flower market's popularity - "you couldn't move on Sunday mornings" - and the mugging of nurses living next door prompted Mandy and Syd to move. They sold their flat for pounds 87,000, "to a reporter from The Sun, which made it even better," and moved to Blackheath. This time they viewed at least 70 properties before settling on a huge top-floor flat in a semi-detached house built in 1790. The property, uninhabited since the great storm of 1987, still bore the scars: "The roof tiles were ripped off and it had flooded. Our friend insisted that a huge stain on the carpet was the result of a murder."
In 1990 they paid pounds 94,000 for the flat, which they loved for its "four big, square rooms".
In 1996 they decided on a second home in the "forgotten" resort of Broadstairs. They paid pounds 39,000 for a two-bedroom flat on the top two floors of a house built in 1800. They now enjoy the benefits of a London flat and a coastal retreat: "It's stretched us, and the dying ferry industry means prices have not risen, but it's worth it."
Those moves in brief...
1984 - bought Hackney flat for pounds 38,000, sold for pounds 87,000.
1990 - bought Blackheath flat for pounds 94,000, now worth around pounds 160,000.
1997 - bought second home in Broadstairs for pounds 39,000. No increase in value.
If you would like your moves featured, write to: Nic Cicutti, Stepping Stones, The Independent, 1 Canada Sq, London E14 5DL. A prize of pounds 100 will be awarded for the best story published before 31 March
Life & Style blogs
Hayfever pills and sleeping aids can 'significantly increase' risk of Alzheimer’s, says US study
Hershey's angers US chocolate purists by forcing company to stop importing 'yummy' Cadbury bars
The enemy within: People who hear voices in their heads are being encouraged to talk back
SAG Awards 2015: Best and worst gowns on the red carpet
Nike Back to the Future style self-lacing shoes 'will arrive in 2015'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
30,000 reasons why the rhetoric on immigrants claiming benefits can stop now
- 1 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 2 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
- 5 Narendra Modi: Indian Prime Minister wears suit with pinstripes that spell his name to meet Barack Obama
£38000 - £42000 per annum: Recruitment Genius: One of the UK's best performing...
£35000 - £43000 per annum: Recruitment Genius: Our award-winning client is one...
£15000 - £21000 per annum: Recruitment Genius: This leading provider of Atlas ...
£18000 - £20000 per annum: Recruitment Genius: Opportunity to join established...