Paignton Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

Paignton: Torbay coastal town with affordable values relative to Torquay and regeneration opportunities.

The Paignton property market recorded 941 residential sales in the 12 months to 31 May 2026, with a median sale price of £246,000. This places Paignton £37k below the Devon county median of £282,500, and £39k below the approximate UK median of £285,000.

Prices in Paignton have recorded a notable decline, a year-on-year change of -7.2%. Within Devon, Paignton ranks 6th by price out of 8 principal towns, and 8th by transaction volume.

On a quarterly view, Paignton median prices moved from £260,000 in Q4 2024 to £239,000 in Q1 2026, a change of -8.1% over 5 quarters.

Torbay Council, the local planning authority covering Paignton, approved 71 residential planning applications and refused 10 in the last 12 months, with 39 still awaiting a decision. That is an approval rate of 88%.

Those applications propose around 865 homes, an estimated £174.8m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

Torbay Council covers more than one town in Devon, so these figures are authority-wide rather than specific to Paignton alone.

Property prices in Paignton vary significantly by type. The table below compares Paignton prices with Devon county averages and UK national figures.

Detached homes in Paignton command £365,500, while flat properties are most accessible at £140,000. The £226k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 12 new-build sales in Paignton for the past 12 months, 1.3% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

Too few new-build sales have registered yet to quote a reliable new-build premium for Paignton.

Across the wider Devon market, 411 new-build sales have registered so far. See our Devon property market report for the full county picture.

The table below shows the most recently registered residential sales in Paignton, evidence of achieved prices for buyers, sellers and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £165,000 to £375,000 illustrates the breadth of the Paignton market.

For developers considering Paignton, the local market data translates directly into finance structuring. With a median value of £246,000 and detached homes at £365,500, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Paignton with a GDV of £365,500 would attract senior debt of approximately £237,575 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 7.2% 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.

To put Paignton's market in context, the table below compares it with similarly-priced towns across Devon:

For the full Devon town-by-town breakdown, see our comprehensive Devon property market report.