Paignton Property Market Overview
Torbay coastal town with affordable values relative to Torquay and regeneration opportunities
The Paignton property market recorded 622 residential sales over the past 12 months, with a median sale price of £245,000. This places Paignton £45k below the Devon county median of £290,000, and £40k below the UK national median of £285,000.
Prices in Paignton have shown a notable decline, with a year-on-year change of -7.5%. Within Devon, Paignton ranks 6th by price out of 7 principal towns, and 7th by transaction volume.
Paignton House Prices by Property Type
Property prices in Paignton vary significantly by type. The table below compares Paignton prices with Devon county averages and UK national figures.
| Type | Paignton | Devon Avg | UK Avg |
|---|---|---|---|
| Detached | £370,000 | £410,000 | £420,000 |
| Semi-detached | £260,000 | £282,500 | £265,000 |
| Terraced | £211,250 | £224,498 | £230,000 |
| Flat | £140,000 | £160,000 | £225,000 |
Detached homes in Paignton command £370,000, while flat properties are most accessible at £140,000. The £230k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Paignton
Paignton recorded 16 new-build transactions in the past 12 months, representing 2.6% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Paignton traded at a premium of 42.3% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Devon market, 180 new-build completions were recorded — see our Devon property market report for the full county picture.
Recent Property Sales in Paignton
The following table shows the most recent property transactions recorded in Paignton, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £310,000 | Detached | TQ3 1ES | 2026-02-25 | Existing |
| £193,000 | Detached | TQ4 6BP | 2026-02-24 | Existing |
| £90,000 | Flat | TQ3 2DG | 2026-02-20 | Existing |
| £51,500 | Flat | TQ4 5AD | 2026-02-20 | Existing |
| £200,000 | Flat | TQ4 6ER | 2026-02-17 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £51,500 to £310,000 illustrates the breadth of the Paignton market.
Development Finance in Paignton
For developers considering Paignton, the local market data translates directly into finance structuring. With a median value of £245,000 and detached homes at £370,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Paignton scheme with a GDV of £370,000 would attract senior debt of approximately £240,500 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 7.5% year-on-year, experienced developers can still generate strong returns in Paignton by targeting well-located sites with clear demand drivers.
Ready to develop in Paignton? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Paignton Compared to Nearby Devon Towns
To put Paignton's market in context, the table below compares it with similarly-priced towns across Devon:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Paignton | £245,000 | 622 | -7.5% |
| Torquay | £220,000 | 768 | -6.4% |
| Tiverton | £275,000 | 839 | -7.6% |
| Barnstaple | £290,000 | 1,088 | -1% |
| Newton Abbot | £290,000 | 1,518 | -3.3% |
| Exeter | £290,500 | 1,192 | -4.4% |
For the full Devon town-by-town breakdown, see our comprehensive Devon property market report.
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5 min readFrequently Asked Questions
What is the average house price in Paignton?
The median house price in Paignton is £245,000, based on 622 transactions over the past 12 months. Detached homes average £370,000 while flat properties average £140,000.
Are house prices rising or falling in Paignton?
House prices in Paignton are falling at -7.5% year-on-year. This decline may present buying opportunities for investors and developers. The wider Devon market is falling at -4.9%.
How many properties sold in Paignton recently?
Paignton recorded 622 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Paignton?
Developers in Paignton can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.