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Great Torrington House Prices Great Torrington House Prices

The average house price in Great Torrington is £251,250 using HM Land Registry data.

The average property price increased by £67,076 (34.38%) over the last 5 years and increased by £13,406 (5.39%) over the last 12 months.

Over the last year, there were 75 residential property sales – a decrease of 24 transactions (-32.00%) relative to the previous year. The majority of house sales (23) were in the £160,000 - £208,000 range. Then came properties in the £256,000 - £304,000 range, where 16 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 180 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,500 (-2%).

In April 2024, there were 11 new estate agency instructions, 8 agreed home sales and 8 property price reductions.

Postcodes Covered: EX38

5-Year Average Property Prices in Great Torrington

34.38%

Property prices in Great Torrington increased by 34.38% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Great Torrington Over the Last Year

5.39%

Property prices in Great Torrington increased by 5.39% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Great Torrington - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Great Torrington

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Great Torrington

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Great Torrington

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Great Torrington since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Great Torrington area since 1995.

Recent Property Sales in Great Torrington

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
School Lane Cottage, School Lane, Torrington, Devon, EX38 7AJ£325,000£312,000-£13,00025 Aug 202318 Mar 2024206 Days
2 East Street, Torrington, Devon, EX38 7BL£220,000£220,000£0003 Apr 202312 Feb 2024315 Days
8 Holwill Drive, Torrington, Devon, EX38 7LQ£280,000£280,000£0007 Oct 202326 Jan 2024111 Days
2 Caddywell Meadow, Torrington, Devon, EX38 7NZ£275,000£250,000-£25,00021 Aug 202301 Dec 2023102 Days
23 Castle Street, Torrington, Devon, EX38 8EZ£425,000£395,000-£30,00028 Jan 202301 Dec 2023307 Days
5 Oakwell Close, Torrington, Devon, EX38 7PA£220,000£210,000-£10,00013 Sep 202317 Nov 202365 Days
35 Holwill Drive, Torrington, Devon, EX38 7LQ£280,000£272,000-£8,00009 Jun 202307 Nov 2023151 Days
67 Castle Hill Gardens, Torrington, Devon, EX38 8EX£280,000£270,000-£10,00013 Jul 202330 Oct 2023109 Days
51 Calf Street, Torrington, Devon, EX38 7BH£220,000£213,000-£7,00001 May 202320 Oct 2023172 Days
5 Caddywell Meadow, Torrington, Devon, EX38 7NZ£200,000£195,000-£5,00011 Aug 202317 Oct 202367 Days
37 Burwood Road, Torrington, Devon, EX38 7NE£260,000£260,000£0006 Jul 202312 Oct 202398 Days
5 Borough Road, Torrington, Devon, EX38 7NA£350,000£345,000-£5,00007 Feb 202319 Sep 2023224 Days
37 Caddywell Meadow, Torrington, Devon, EX38 7NZ£160,000£160,000£0024 May 202308 Sep 2023107 Days
41 Town Park, Torrington, Devon, EX38 7AH£260,000£255,000-£5,00012 Apr 202323 Aug 2023133 Days
25 Castle Hill Gardens, Torrington, Devon, EX38 8EX£310,000£282,500-£27,50016 May 202318 Aug 202394 Days
54 Calf Street, Torrington, Devon, EX38 7BG£170,000£170,000£0001 Mar 202310 Aug 2023162 Days
47 Burwood Road, Torrington, Devon, EX38 7NG£270,000£253,000-£17,00001 Mar 202328 Jul 2023149 Days
11 Calf Street, Torrington, Devon, EX38 8EQ£230,000£218,000-£12,00027 Feb 202328 Jul 2023151 Days
132 New Street, Torrington, Devon, EX38 8BU£205,000£195,000-£10,00008 Dec 202214 Jul 2023218 Days
71 Mill Street, Torrington, Devon, EX38 8AN£140,000£135,000-£5,00021 Mar 202314 Jul 2023115 Days

Most Expensive Streets in Great Torrington

PostcodeStreetAreaAverageNo. of Sales
EX38 8EZCastle StreetTorrington£343,2857
EX38 7BUHatchmoor RoadTorrington£330,4166
EX38 7DAFairfax WayTorrington£329,2779
EX38 8AXRiver WalkTorrington£325,0003
EX38 8BYNew StreetTorrington£324,3959
EX38 7BYRowan CloseTorrington£321,6663
EX38 7EDWaterloo GardensTorrington£305,29112
EX38 7DDKingsmead DriveTorrington£295,7077
EX38 7NABorough RoadTorrington£291,2504
EX38 7AJSchool LaneTorrington£289,0836

Least Expensive Streets in Great Torrington

PostcodeStreetAreaAverageNo. of Sales
EX38 8HFHeywood HouseSouth Street, Torrington£67,8333
EX38 8DSAlice MewsTorrington£132,3333
EX38 7BGCalf StreetTorrington£159,9005
EX38 8BTNew StreetTorrington£162,0008
EX38 8BSNew StreetTorrington£163,7506
EX38 8ANMill StreetTorrington£164,10010
EX38 8EBCavalier CourtNew Road£166,1254
EX38 7BNWell StreetTorrington£168,4166
EX38 8EPWell StreetTorrington£169,75010
EX38 8HNTavern MewsTorrington£172,3124

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