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Totnes House Prices Totnes House Prices

The average house price in Totnes is £302,916 using HM Land Registry data.

The average property price increased by £78,037 (23.94%) over the last 5 years and increased by £15,597 (4.02%) over the last 12 months.

Over the last year, there were 120 residential property sales – a decrease of 56 transactions (-46.67%) relative to the previous year. The majority of house sales (27) were in the £200,000 - £290,000 range. Then came properties in the £290,000 - £380,000 range, where 27 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 46 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,593 (-3%).

In April 2024, there were 30 new estate agency instructions, 13 agreed home sales and 13 property price reductions.

Postcodes Covered: TQ9

5-Year Average Property Prices in Totnes

23.94%

Property prices in Totnes increased by 23.94% 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 Totnes Over the Last Year

4.02%

Property prices in Totnes increased by 4.02% 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 Totnes - 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 Totnes

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 Totnes

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 Totnes

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 Totnes since 1995

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

Recent Property Sales in Totnes

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Southcote Orchard, Totnes, Devon, TQ9 5PA£625,000£595,000-£30,00029 Nov 202322 Mar 2024114 Days
42 Weston Lane, Totnes, Devon, TQ9 5UN£500,000£470,000-£30,00019 Oct 202308 Mar 2024141 Days
6 Leechwell Street, Totnes, Devon, TQ9 5SX£475,000£450,000-£25,00012 Sep 202328 Feb 2024169 Days
9 Manor Way, Totnes, Devon, TQ9 5HP£500,000£500,000£0029 Jan 202431 Jan 20242 Days
12 Moorashes, Totnes, Devon, TQ9 5TN£300,000£297,500-£2,50008 Apr 202320 Dec 2023256 Days
20 Collapark, Totnes, Devon, TQ9 5LN£395,000£390,000-£5,00001 Sep 202320 Dec 2023110 Days
27 The Carrions, Totnes, Devon, TQ9 5XX£265,000£263,000-£2,00024 Aug 202314 Dec 2023112 Days
16 Castle Court, Totnes, Devon, TQ9 5PD£330,000£330,000£0020 Oct 202314 Dec 202355 Days
12 New Walk, Totnes, Devon, TQ9 5WB£345,000£342,000-£3,00005 Aug 202314 Dec 2023131 Days
Flat 11, The Manor House, Coronation Road, Totnes, Devon, TQ9 5DF£170,000£163,960-£6,04019 Apr 202327 Nov 2023222 Days
Flat 2, Quarrenden, Weirfields, Totnes, Devon, TQ9 5JS£325,000£325,000£0030 Jul 202317 Nov 2023110 Days
52 Pathfields, Totnes, Devon, TQ9 5TZ£399,000£399,000£0031 Jul 202306 Nov 202398 Days
Istana, 101, Higher Westonfields, Totnes, Devon, TQ9 5RB£550,000£548,525-£1,47518 Apr 202331 Oct 2023196 Days
23 Elmhirst Drive, Totnes, Devon, TQ9 5UX£475,000£442,500-£32,50020 Aug 202227 Oct 2023433 Days
3 Collapark, Totnes, Devon, TQ9 5LN£365,000£345,000-£20,00006 Oct 202227 Oct 2023386 Days
9 Elmhirst Drive, Totnes, Devon, TQ9 5UX£350,000£335,000-£15,00002 Aug 202326 Oct 202385 Days
7 Moorashes, Totnes, Devon, TQ9 5TN£320,000£309,000-£11,00024 Jun 202326 Oct 2023124 Days
4 Fallowfields, Totnes, Devon, TQ9 5NG£220,000£218,000-£2,00022 Jun 202320 Oct 2023120 Days
Edgehill, Rhine Villas, Bridgetown, Totnes, Devon, TQ9 5BD£950,000£910,000-£40,00026 Dec 202220 Oct 2023298 Days
8 Beech Close, Totnes, Devon, TQ9 5FJ£360,000£354,000-£6,00001 Apr 202319 Oct 2023201 Days

Most Expensive Streets in Totnes

PostcodeStreetAreaAverageNo. of Sales
TQ9 5PJCollins RoadTotnes£851,7403
TQ9 5BPJubilee RoadTotnes£771,5008
TQ9 6GSBarn Court RoadBerry Pomeroy£716,8005
TQ9 5BWJubilee RoadTotnes£655,0005
TQ9 5HESharpham DriveTotnes£604,1663
TQ9 5BDRhine VillasBridgetown£593,3403
TQ9 5ERMoat HillTotnes£539,8874
TQ9 6ERCopland MeadowsTotnes£529,2857
TQ9 5AUHillbrook RiseTotnes£511,7504
TQ9 5PASouthcote OrchardTotnes£506,8333

Least Expensive Streets in Totnes

PostcodeStreetAreaAverageNo. of Sales
TQ9 5DNSt Katherines MewsTotnes£122,9086
TQ9 5XEHawkes WayTotnes£138,4163
TQ9 5UBRainbow ViewParkers Way£170,87324
TQ9 5FEPlantation WayTotnes£179,5333
TQ9 5UJCulverdaleTotnes£183,0003
TQ9 5FHBrook ViewTotnes£184,5004
TQ9 5YYThe MalthouseNew Walk£190,25012
TQ9 5EJTicklemore StreetTotnes£193,30410
TQ9 5PBHigh StreetTotnes£194,5163
TQ9 5FBPunchards DownTotnes£197,3333

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