Torquay Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Review

Torquay: English Riviera resort with premium seafront values and hotel-to-residential conversion opportunities.

The Torquay property market recorded 1,193 residential sales in the 12 months to 30 June 2026, with a median sale price of £225,000. This places Torquay £58k below the Devon county median of £283,125, and £60k below the approximate UK median of £285,000.

Prices in Torquay have recorded a moderate decline, a year-on-year change of -2.2%. Within Devon, Torquay ranks 7th by price out of 8 principal towns, and 7th by transaction volume.

On a quarterly view, Torquay median prices moved from £230,000 in Q1 2025 to £230,000 in Q2 2026, a change of 0.0% over 5 quarters. Torquay has now recorded 2 consecutive quarters of price growth.

Torbay, the local planning authority covering Torquay, approved 13 residential planning applications and refused 3 in Q3 2026 (1 July to 30 September 2026), with 38 still awaiting a decision. Too few decisions were captured in the period to state a reliable approval rate. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 451 homes, an estimated £86.5m 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 covers more than one town in Devon, so these figures are authority-wide rather than specific to Torquay alone.

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

Detached homes in Torquay command £420,000, while flat properties are most accessible at £142,500. The £278k 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 3 new-build sales in Torquay for the past 12 months, 0.3% 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 Torquay.

Across the wider Devon market, 349 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 Torquay, 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 £122,000 to £315,000 illustrates the breadth of the Torquay market.

For developers considering Torquay, the local market data translates directly into finance structuring. With a median value of £225,000 and detached homes at £420,000, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Torquay with a GDV of £420,000 would attract senior debt of approximately £273,000 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 2.2% 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.

To put Torquay'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.