Key indicators for buyers
The TQ8 market is moderately favourable for buyers. Prices have softened (-9.4%), which could present a buying opportunity. Affordability has improved from a peak of 13.3x in 2023 to 11.4x today. Rising rents (£996/mo, +3.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2025averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider South Hams area
A home in South Hams costs 11.4x the local median salary — very stretched, improving from a peak of 13.3x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Hams area
Average monthly rent in South Hams is £996, up 3.8% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average South Hams price of £911,770 with a 25% deposit (£228k), a 2-year fixed mortgage at 3.97% costs around £3,598 per month.
Monthly cost comparison based on current data
Uses TQ8 avg. price with South Hams rental data
Monthly mortgage payments (£3,598) are £2,602 more than renting (£996). However, buying requires an upfront deposit of £228k — it would take around 18995 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
UPPER FLAT, 3, ISLAND TERRACE TQ8 8DN | Flat/Maisonette | £591,000 | 18 Dec 2025 |
25, ISLAND STREET TQ8 8DP | Terraced | £495,000 | 9 Dec 2025 |
HAIFA, MAIN ROAD TQ8 8JW | Detached | £450,000 | 28 Nov 2025 |
APARTMENT 3, THE ELMS, DEVON ROAD TQ8 8HE | Flat/Maisonette | £340,000 | 14 Nov 2025 |
ST WINNOW, KINGSALE ROAD TQ8 8AS | Detached | £510,000 | 28 Oct 2025 |
UPPER GARDENHURST, RALEIGH ROAD TQ8 8BH | Flat/Maisonette | £322,500 | 23 Oct 2025 |
28, CAMPERDOWN ROAD TQ8 8AX | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in TQ8 sold for £911,770 in 2025, with a median of £623,000 across 44 transactions. Prices fell 9.4% compared to the previous year.
| £285,000 |
| 23 Oct 2025 |
19, ISLAND STREET TQ8 8DP | Terraced | £362,500 | 22 Oct 2025 |
SHERBOURNE COTTAGE, FERRY STEPS, FORE STREET TQ8 8JE | Terraced | £450,000 | 10 Oct 2025 |
11, CORONATION ROAD TQ8 8EA | Terraced | £745,000 | 10 Oct 2025 |
BELGRAVIA, RALEIGH ROAD TQ8 8BH | Detached | £595,000 | 3 Oct 2025 |
BELGRAVIA, RALEIGH ROAD TQ8 8BH | Detached | £595,000 | 3 Oct 2025 |
THE WILLOWS, HIGHER BATSON TQ8 8NF | Detached | £1,350,000 | 30 Sept 2025 |
STRATHMORE, HERBERT ROAD TQ8 8HN | Detached | £950,000 | 25 Sept 2025 |
THE FORTESCUE SUITE, ANCHOR WATCH, CLIFF ROAD TQ8 8JU | Flat/Maisonette | £725,000 | 5 Aug 2025 |
4, CROFT VIEW TERRACE TQ8 8DL | Terraced | £694,500 | 29 Jul 2025 |
ORCHARDSIDE, HIGHER BATSON TQ8 8NF | Detached | £775,000 | 25 Jul 2025 |
9, ISLAND QUAY TQ8 8QD | Detached | £1,750,000 | 24 Jul 2025 |
GARAGE, 7, KNOWLE ROAD TQ8 8EH | Other | £185,000 | 23 Jul 2025 |
MEW STONE EAST, ALLENHAYES ROAD TQ8 8HU | Semi-detached | £3,595,000 | 17 Jul 2025 |
The most recent recorded sale in TQ8 was a flat/maisonette property on Island Terrace for £591,000 in December 2025. Across the last 20 sales, the median price was £595,000.