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Torquay House Prices Torquay House Prices

The average house price in Torquay is £257,438 using HM Land Registry data.

The average property price increased by £34,818 (14.51%) over the last 5 years and increased by £6,976 (2.61%) over the last 12 months.

Over the last year, there were 591 residential property sales – a decrease of 197 transactions (-33.33%) relative to the previous year. The majority of house sales (137) were in the £162,000 - £224,000 range. Then came properties in the £224,000 - £286,000 range, where 137 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 128 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,694 (-3%).

In Dec 24, there were 80 new estate agency instructions, 49 agreed home sales and 68 property price reductions.

Neighbouring Areas: Kingskerswell, Paignton

Postcodes Covered: TQ1, TQ12, TQ2

5-Year Average Property Prices in Torquay

14.51%

Property prices in Torquay increased by 14.51% 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

2.61%

Property prices in Torquay increased by 2.61% 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 - Dec 24

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 8, Kingsbridge, Greenway Road, St Marychurch, Torquay, Torbay, TQ1 4NJ£235,000£120,000-£115,00010 Sep 202420 Nov 202471 Days
60 Chatsworth Road, Torquay, Torbay, TQ1 3BL£229,950£155,000-£74,95030 Nov 201614 Nov 20242906 Days
Pandora, Devons Road, Torquay, Torbay, TQ1 3PR£625,000£617,500-£7,50026 Apr 202413 Nov 2024201 Days
Flat 6, Royal Court, Bedford Road, Torquay, Torbay, TQ1 3LJ£160,000£158,000-£2,00001 Aug 202411 Nov 2024102 Days
23 Westhill Avenue, Torquay, Torbay, TQ1 4LH£225,000£215,000-£10,00020 Jul 202408 Nov 2024111 Days
11 Lower Audley Road, Torquay, Torbay, TQ2 7PQ£265,000£261,000-£4,00012 Mar 202408 Nov 2024241 Days
Flat 9, Compton House, Palermo Road, Torquay, Torbay, TQ1 3NW£212,000£209,000-£3,00026 Feb 202424 Oct 2024241 Days
10 Den Brook Close, Torquay, Torbay, TQ1 3TP£700,000£655,000-£45,00015 May 202418 Oct 2024156 Days
82 Moor Lane, Torquay, Torbay, TQ2 8PJ£325,000£315,000-£10,00015 Jan 202418 Oct 2024277 Days
8 Mallard Close, Torquay, Torbay, TQ2 7TJ£450,000£440,000-£10,00028 Mar 202418 Oct 2024204 Days
11 Osprey Drive, Torquay, Torbay, TQ2 7SQ£240,000£227,500-£12,50016 Jul 202415 Oct 202491 Days
Shide, Jacks Lane, Torquay, Torbay, TQ2 8QX£735,000£708,000-£27,00011 Sep 202321 Aug 2024345 Days
30 Kingfisher Close, Torquay, Torbay, TQ2 7TF£230,000£228,500-£1,50026 Mar 202414 Aug 2024141 Days
38 St Annes Road, Torquay, Torbay, TQ1 3NX£272,500£260,000-£12,50003 Aug 202312 Aug 2024375 Days
18 Pitcairn Crescent, Torquay, Torbay, TQ2 7GL£319,950£319,950£0021 May 202409 Aug 202480 Days
7 Bingfield Close, Torquay, Torbay, TQ1 1QU£495,000£430,000-£65,00018 Apr 202431 Jul 2024104 Days
14 Winchester Avenue, Torquay, Torbay, TQ2 8AR£230,000£227,000-£3,00007 Feb 202426 Jul 2024170 Days
60 East Pafford Avenue, Torquay, Torbay, TQ2 8DA£280,000£275,000-£5,00004 Aug 202326 Jul 2024357 Days
Flat 17, Greenacres, Asheldon Road, Torquay, Torbay, TQ1 2QS£210,000£200,000-£10,00021 Jun 202319 Jul 2024394 Days
19 Collingwood Close, Torquay, Torbay, TQ1 2DN£995,000£975,000-£20,00008 Apr 202419 Jul 2024102 Days

Most Expensive Streets in Torquay

PostcodeStreetAreaAverageNo. of Sales
TQ1 2PDThatcher AvenueTorquay£1,657,5009
TQ1 2HTIlsham Marine DriveTorquay£1,602,7795
TQ1 4TDRidge RoadMaidencombe£935,9166
TQ1 2JDIlsham RoadTorquay£920,3333
TQ1 2PQWhidborne AvenueTorquay£913,1258
TQ1 1SNLydwell RoadTorquay£883,7504
TQ1 2DNCollingwood CloseTorquay£873,7504
TQ1 3LXSeaview CottageBeach Road£862,1427
TQ1 2PEKilmorie CloseTorquay£856,7504
TQ1 2PAThatcher HeightsTorquay£824,3754

Least Expensive Streets in Torquay

PostcodeStreetAreaAverageNo. of Sales
TQ1 3BYStratheden CourtMarket Street, Torquay£51,90015
TQ1 4FHSmith CourtMckay Avenue£56,6254
TQ1 4UTHomepalms HouseBrunswick Square£64,8507
TQ1 4DBTeignmouth RoadTorquay£68,5006
TQ2 5RATor Hill RoadTorquay£76,8336
TQ2 5NBTor HavenAbbey Road£78,43231
TQ2 8GWCedar HouseOrchid Way£78,6008
TQ2 5LUHomequay HouseFalkland Road£81,1669
TQ2 5RDTor Hill RoadTorquay£83,50412
TQ1 4AEBrunswick TerraceTorquay£85,6357

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