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Torquay House Prices Torquay House Prices

The average house price in Torquay is £323,380 using HM Land Registry data.

The average property price increased by £80,900 (38.34%) over the last 5 years and increased by £16,168 (5.86%) over the last 12 months.

Over the last year, there were 604 residential property sales – a decrease of 408 transactions (-67.55%) relative to the previous year. The majority of house sales (169) were in the £188,000 - £266,000 range. Then came properties in the £110,000 - £188,000 range, where 166 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,158 (-2%).

In April 2024, there were 184 new estate agency instructions, 82 agreed home sales and 132 property price reductions.

Neighbouring Areas: Kingskerswell, Paignton

Postcodes Covered: TQ1, TQ12, TQ2

5-Year Average Property Prices in Torquay

38.34%

Property prices in Torquay increased by 38.34% 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 Torquay Over the Last Year

5.86%

Property prices in Torquay increased by 5.86% 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 Torquay - 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 Torquay

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 Torquay

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 Torquay

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 Torquay since 1995

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

Recent Property Sales in Torquay

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 22, St Ives Court, Furzehill Road, Torquay, Torbay, TQ1 3JG£138,000£41,000-£97,00002 May 201819 Mar 20242148 Days
53 Braddons Hill Road East, Torquay, Torbay, TQ1 1HB£625,000£595,000-£30,00012 Dec 202312 Mar 202491 Days
98 Langstone Close, Torquay, Torbay, TQ1 3TY£177,000£175,000-£2,00003 Jul 202308 Mar 2024249 Days
Flat 19, Castle Court, Cary Park, Torquay, Torbay, TQ1 3NE£185,000£180,000-£5,00028 Jun 202305 Mar 2024251 Days
88 Happaway Road, Torquay, Torbay, TQ2 8EU£280,000£270,000-£10,00020 Oct 202305 Mar 2024137 Days
69 Woodville Road, Torquay, Torbay, TQ1 1LP£290,000£270,000-£20,00010 Jul 202301 Mar 2024235 Days
30 Bradley Park Road, Torquay, Torbay, TQ1 4RD£380,000£370,000-£10,00013 Oct 202312 Feb 2024122 Days
Flat 10, Compton House, Palermo Road, Torquay, Torbay, TQ1 3NW£212,000£209,500-£2,50001 Jun 202302 Feb 2024246 Days
20 Windward Road, Torquay, Torbay, TQ2 7GA£219,950£207,500-£12,45020 Oct 202326 Jan 202498 Days
Flat 16, Greenacres, Asheldon Road, Torquay, Torbay, TQ1 2QS£220,000£220,000£0030 Aug 202325 Jan 2024148 Days
41 St Michaels Road, Torquay, Torbay, TQ1 4DD£500,000£495,000-£5,00009 Apr 202322 Jan 2024288 Days
2 Bronshill Mews, Torquay, Torbay, TQ1 3HT£232,500£232,500£0006 Oct 202315 Jan 2024101 Days
Erlwood Cottage, Middle Warberry Road, Torquay, Torbay, TQ1 1RN£879,950£825,000-£54,95001 Jul 202220 Dec 2023537 Days
17 Kittiwake Drive, Torquay, Torbay, TQ2 7TR£250,000£230,000-£20,00031 Jul 202319 Dec 2023141 Days
5 Nightingale Close, Torquay, Torbay, TQ2 7ST£230,000£220,000-£10,00001 Sep 202318 Dec 2023108 Days
Flat 6, Maxstoke Court, Middle Warberry Road, Torquay, Torbay, TQ1 1RP£175,000£172,000-£3,00022 Mar 202315 Dec 2023268 Days
68 Empire Road, Torquay, Torbay, TQ1 4LE£250,000£242,500-£7,50010 Aug 202315 Dec 2023127 Days
93 Teignmouth Road, Torquay, Torbay, TQ1 4ES£479,950£474,000-£5,95018 Aug 202315 Dec 2023119 Days
27 Barton Hill Road, Torquay, Torbay, TQ2 8JF£235,000£225,000-£10,00011 Jul 202315 Dec 2023157 Days
16 Lydwell Park Road, Torquay, Torbay, TQ1 3TQ£695,000£650,000-£45,00021 Jun 202314 Dec 2023176 Days

Most Expensive Streets in Torquay

PostcodeStreetAreaAverageNo. of Sales
TQ1 2PDThatcher AvenueTorquay£1,661,3889
TQ1 2HTIlsham Marine DriveTorquay£1,410,6496
TQ1 4SGWatcombe Heights RoadTorquay£1,001,2504
TQ1 4TDRidge RoadMaidencombe£935,9166
TQ1 2JDIlsham RoadTorquay£920,3333
TQ1 2PQWhidborne AvenueTorquay£919,1666
TQ1 1SNLydwell RoadTorquay£875,0003
TQ1 3LXSeaview CottageBeach Road£862,1427
TQ1 2BZVane Hill RoadTorquay£858,7504
TQ1 2PEKilmorie CloseTorquay£856,7504

Least Expensive Streets in Torquay

PostcodeStreetAreaAverageNo. of Sales
TQ1 3BYStratheden CourtMarket Street, Torquay£52,25012
TQ1 4FHSmith CourtMckay Avenue£54,4005
TQ1 4UTHomepalms HouseBrunswick Square£63,7787
TQ1 4DBTeignmouth RoadTorquay£68,5006
TQ2 5NNAbbey RoadTorquay£72,0004
TQ2 5RATor Hill RoadTorquay£76,8336
TQ2 5NBTor HavenAbbey Road£77,52931
TQ2 5SDEast StreetTorquay£80,6254
TQ2 5RDTor Hill RoadTorquay£83,50412
TQ1 4AEBrunswick TerraceTorquay£83,9279

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