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Torpoint House Prices Torpoint House Prices

The average house price in Torpoint is £208,166 using HM Land Registry data.

The average property price increased by £71,059 (43.71%) over the last 5 years and increased by £14,202 (6.47%) over the last 12 months.

Over the last year, there were 91 residential property sales – a decrease of 31 transactions (-34.07%) relative to the previous year. The majority of house sales (25) were in the £198,000 - £242,000 range. Then came properties in the £154,000 - £198,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 49 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,017 (-2%).

In April 2024, there were 18 new estate agency instructions, 13 agreed home sales and 6 property price reductions.

Postcodes Covered: PL11

5-Year Average Property Prices in Torpoint

43.71%

Property prices in Torpoint increased by 43.71% 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 Torpoint Over the Last Year

6.47%

Property prices in Torpoint increased by 6.47% 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 Torpoint - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 Torpoint

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 Torpoint

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 Torpoint

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 Torpoint since 1995

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

Recent Property Sales in Torpoint

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Sydney Road, Torpoint, Cornwall, PL11 2LY£265,000£260,000-£5,00014 Nov 202319 Mar 2024126 Days
19 Wavish Park, Torpoint, Cornwall, PL11 2HJ£75,000£70,000-£5,00028 Oct 202315 Mar 2024139 Days
5 Trelawney Way, Torpoint, Cornwall, PL11 2QG£145,000£128,000-£17,00010 Nov 202304 Mar 2024115 Days
42 Trengrouse Avenue, Torpoint, Cornwall, PL11 2DN£139,950£70,000-£69,95002 Mar 201829 Feb 20242190 Days
58 Antony Road, Torpoint, Cornwall, PL11 2JU£210,000£210,000£0022 Nov 202328 Feb 202498 Days
6 Cremyll Road, Torpoint, Cornwall, PL11 2DX£215,000£215,000£0023 Oct 202316 Feb 2024116 Days
31 Cedar Drive, Torpoint, Cornwall, PL11 2QQ£205,000£205,000£0030 Sep 202309 Feb 2024132 Days
13 Woodland Way, Torpoint, Cornwall, PL11 2DW£290,000£285,000-£5,00008 Sep 202309 Feb 2024154 Days
15 Ince Close, Torpoint, Cornwall, PL11 2JQ£265,000£250,000-£15,00009 Jun 202302 Feb 2024238 Days
12 Grove Park, Torpoint, Cornwall, PL11 2PP£280,000£265,000-£15,00017 Jan 202326 Jan 2024374 Days
52 Harvey Street, Torpoint, Cornwall, PL11 2BU£70,000£67,500-£2,50015 Sep 202224 Jan 2024496 Days
29 Clarence Road, Torpoint, Cornwall, PL11 2LS£195,000£190,000-£5,00008 Jul 202319 Jan 2024195 Days
Flat 4, Kernow Court, Kernow Close, Torpoint, Cornwall, PL11 2HQ£55,000£52,000-£3,00026 Sep 202312 Jan 2024108 Days
Ponsharden, Gravesend, Torpoint, Cornwall, PL11 2LX£500,000£457,000-£43,00023 Dec 202206 Dec 2023348 Days
31 Clegg Avenue, Torpoint, Cornwall, PL11 2DR£120,000£120,000£0024 Jun 202301 Dec 2023160 Days
16 Sycamore Drive, Torpoint, Cornwall, PL11 2NA£280,000£265,000-£15,00019 Apr 202324 Nov 2023219 Days
40 Carbeile Road, Torpoint, Cornwall, PL11 2HR£250,000£240,000-£10,00006 Jun 202324 Nov 2023171 Days
18 Sconner Road, Torpoint, Cornwall, PL11 2LJ£210,000£207,500-£2,50018 Jul 202317 Nov 2023122 Days
52 Sycamore Drive, Torpoint, Cornwall, PL11 2NA£200,000£192,500-£7,50006 May 202310 Nov 2023188 Days
83 Peacock Avenue, Torpoint, Cornwall, PL11 2EY£325,000£320,000-£5,00028 Jun 202306 Nov 2023131 Days

Most Expensive Streets in Torpoint

PostcodeStreetAreaAverageNo. of Sales
PL11 2BLSt James RoadTorpoint£466,6663
PL11 2PYBorough ParkTorpoint£373,3333
PL11 2NNCarbeile RoadTorpoint£329,0004
PL11 2HTChapeldown RoadTorpoint£302,0005
PL11 2QJLamorna ParkTorpoint£288,30713
PL11 2EYPeacock AvenueTorpoint£283,0004
PL11 2NBChestnut CloseTorpoint£268,3333
PL11 2QRGwithian CloseTorpoint£265,1663
PL11 2EZPeacock AvenueTorpoint£259,6663
PL11 2DWWoodland WayTorpoint£258,59016

Least Expensive Streets in Torpoint

PostcodeStreetAreaAverageNo. of Sales
PL11 2HQKernow CloseTorpoint£62,7577
PL11 2BUHarvey StreetTorpoint£98,1254
PL11 2JSAntony RoadTorpoint£107,5003
PL11 2ABFore StreetTorpoint£108,3754
PL11 2BZWestlake CloseTorpoint£115,8758
PL11 2QGTrelawney WayTorpoint£120,1663
PL11 2DPAdams CrescentTorpoint£128,4005
PL11 2NSTrevorder RoadTorpoint£130,6666
PL11 2QHCedar CloseTorpoint£136,3989
PL11 2QXThe LawnsTorpoint£143,2504

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