Torquay Property Market Overview
English Riviera resort with premium seafront values and hotel-to-residential conversion opportunities
The Torquay property market recorded 768 residential sales over the past 12 months, with a median sale price of £220,000. This places Torquay £70k below the Devon county median of £290,000, and £65k below the UK national median of £285,000.
Prices in Torquay have shown a notable decline, with a year-on-year change of -6.4%. Within Devon, Torquay ranks 7th by price out of 7 principal towns, and 6th by transaction volume.
Torquay House Prices by Property Type
Property prices in Torquay vary significantly by type. The table below compares Torquay prices with Devon county averages and UK national figures.
| Type | Torquay | Devon Avg | UK Avg |
|---|---|---|---|
| Detached | £410,000 | £410,000 | £420,000 |
| Semi-detached | £275,000 | £282,500 | £265,000 |
| Terraced | £215,000 | £224,498 | £230,000 |
| Flat | £150,000 | £160,000 | £225,000 |
Detached homes in Torquay command £410,000, while flat properties are most accessible at £150,000. The £260k 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 Torquay
Torquay recorded 7 new-build transactions in the past 12 months, representing 0.9% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Torquay traded at a premium of 3.6% 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 Torquay
The following table shows the most recent property transactions recorded in Torquay, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £205,000 | Terraced | TQ1 2PP | 2026-02-19 | Existing |
| £360,000 | Flat | TQ2 6SW | 2026-02-17 | Existing |
| £360,000 | Flat | TQ1 1PH | 2026-02-16 | Existing |
| £265,000 | Semi-detached | TQ2 7SH | 2026-02-13 | Existing |
| £195,000 | Terraced | TQ1 1TE | 2026-02-13 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £195,000 to £360,000 illustrates the breadth of the Torquay market.
Development Finance in Torquay
For developers considering Torquay, the local market data translates directly into finance structuring. With a median value of £220,000 and detached homes at £410,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Torquay scheme with a GDV of £410,000 would attract senior debt of approximately £266,500 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 6.4% year-on-year, experienced developers can still generate strong returns in Torquay by targeting well-located sites with clear demand drivers.
Ready to develop in Torquay? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Torquay Compared to Nearby Devon Towns
To put Torquay's market in context, the table below compares it with similarly-priced towns across Devon:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Torquay | £220,000 | 768 | -6.4% |
| Paignton | £245,000 | 622 | -7.5% |
| 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 Torquay?
The median house price in Torquay is £220,000, based on 768 transactions over the past 12 months. Detached homes average £410,000 while flat properties average £150,000.
Are house prices rising or falling in Torquay?
House prices in Torquay are falling at -6.4% 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 Torquay recently?
Torquay recorded 768 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Torquay?
Developers in Torquay 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.