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Paignton House Prices Paignton House Prices

The average house price in Paignton is £250,305 using HM Land Registry data.

The average property price increased by £95,879 (44.04%) over the last 5 years and increased by £19,163 (6.51%) over the last 12 months.

Over the last year, there were 769 residential property sales – a decrease of 383 transactions (-49.80%) relative to the previous year. The majority of house sales (191) were in the £198,000 - £266,000 range. Then came properties in the £266,000 - £334,000 range, where 180 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,535 (-2%).

In April 2024, there were 192 new estate agency instructions, 128 agreed home sales and 169 property price reductions.

Neighbouring Areas: Torquay, Brixham

Postcodes Covered: TQ2, TQ3, TQ4, TQ5

5-Year Average Property Prices in Paignton

44.04%

Property prices in Paignton increased by 44.04% 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 Paignton Over the Last Year

6.51%

Property prices in Paignton increased by 6.51% 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 Paignton - 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 Paignton

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 Paignton

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 Paignton

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 Paignton since 1995

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

Recent Property Sales in Paignton

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Blue Mist, Rawlyn Road, Torquay, Torbay, TQ2 6PQ£600,000£595,000-£5,00007 Dec 202321 Mar 2024105 Days
21 Stone Park, Paignton, Torbay, TQ4 6HT£499,000£480,000-£19,00013 Nov 202313 Mar 2024121 Days
15 Thorne Park Road, Torquay, Torbay, TQ2 6RX£650,000£640,000-£10,00001 Sep 202308 Mar 2024189 Days
25 Elm Park, Paignton, Torbay, TQ3 3QH£200,000£200,000£0004 Oct 202301 Mar 2024149 Days
18 Albany Road, Paignton, Torbay, TQ3 1BX£350,000£347,500-£2,50002 Aug 202329 Feb 2024211 Days
Flat 5, Scottleigh, Seaway Lane, Torquay, Torbay, TQ2 6QG£315,000£315,000£0025 May 202323 Feb 2024274 Days
22 Duchy Drive, Preston, Paignton, Torbay, TQ3 1HA£475,000£450,000-£25,00031 Oct 202323 Feb 2024115 Days
112 Clifton Road, Paignton, Torbay, TQ3 3LD£280,000£272,000-£8,00009 Oct 202323 Feb 2024137 Days
16 Lanhydrock Close, Paignton, Torbay, TQ3 3GP£250,000£240,000-£10,00009 Oct 202323 Feb 2024137 Days
Flat 9, Bosuns Point, Alta Vista Road, Paignton, Torbay, TQ4 6BH£250,000£235,000-£15,00005 Oct 202323 Feb 2024141 Days
21 Kingshurst Drive, Paignton, Torbay, TQ3 2LT£387,000£378,000-£9,00005 Sep 202319 Feb 2024167 Days
1 Leyburn Grove, Paignton, Torbay, TQ4 5JH£435,000£375,000-£60,00013 Jul 202319 Feb 2024221 Days
117 Goodrington Road, Paignton, Torbay, TQ4 7HY£310,000£300,000-£10,00007 Dec 202312 Feb 202467 Days
5 Summerfield Road, Torquay, Torbay, TQ2 7DL£370,000£360,000-£10,00014 Jul 202308 Feb 2024209 Days
23 Pebble Court, Paignton, Torbay, TQ4 5JT£134,950£129,950-£5,00016 Aug 202308 Feb 2024176 Days
25 Curledge Street, Paignton, Torbay, TQ4 5BA£175,000£172,500-£2,50019 Jan 202407 Feb 202419 Days
129 Laura Grove, Paignton, Torbay, TQ3 2LH£450,000£440,000-£10,00004 Aug 202306 Feb 2024186 Days
79 Nut Bush Lane, Torquay, Torbay, TQ2 6SG£425,000£425,000£0018 Oct 202305 Feb 2024110 Days
9 Frobisher Green, Torquay, Torbay, TQ2 6JJ£280,000£275,000-£5,00024 Jun 202305 Feb 2024226 Days
1 Cadwell Road, Paignton, Torbay, TQ3 2SX£225,000£218,500-£6,50004 Oct 202302 Feb 2024121 Days

Most Expensive Streets in Paignton

PostcodeStreetAreaAverageNo. of Sales
TQ2 6RDHeadland RoadTorquay£1,775,0004
TQ2 6QHTorbay RoadTorquay£1,036,6663
TQ2 6PRMeadow RoadTorquay£998,5005
TQ4 6LGDartmouth RoadPaignton£815,4163
TQ2 6PNSeaway LaneTorquay£789,3333
TQ2 6SPManscombe RoadLivermead£776,6663
TQ2 6TEMead RoadTorquay£774,7504
TQ2 6PWSeaway LaneTorquay£758,3333
TQ4 6LHDartmouth RoadPaignton£715,5005
TQ2 6RGTorbay RoadTorquay£688,0005

Least Expensive Streets in Paignton

PostcodeStreetAreaAverageNo. of Sales
TQ4 7AYCleatlands ClosePaignton£48,2663
TQ3 3RRMerritt FlatsMerritt Road£62,90010
TQ3 3RPMerritt FlatsTotnes Road£70,9106
TQ4 5UDDawes CourtFisher Street, Paignton£71,11513
TQ3 3EFPalace AvenuePaignton£78,4005
TQ4 6PTHomebourne HouseBelle Vue Road£88,86311
TQ4 5JZTotnes RoadPaignton£89,8624
TQ4 6BGNew Esplanade CourtEsplanade Road£90,82520
TQ3 2RTDower CourtOld Torquay Road£95,66612
TQ3 2TXRichmond CourtOldway Road£95,77625

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