Key indicators for buyers
The TQ1 market is moderately favourable for buyers. Affordability has improved from a peak of 9.4x in 2023 to 8.1x today. Rising rents (£898/mo, +4.6%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Torbay area
A home in Torbay costs 8.1x the local median salary — stretched, improving from a peak of 9.4x in 2023.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Torbay area
Average monthly rent in Torbay is £898, up 4.6% 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 Torbay price of £249,231 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £984 per month.
Monthly cost comparison based on current data
Uses TQ1 avg. price with Torbay rental data
Monthly mortgage payments (£984) are £86 more than renting (£898). However, buying requires an upfront deposit of £62k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
19, KENTS LANE TQ1 2PP | Terraced | £200,000 | 23 Jan 2026 |
2, PARKSIDE PLACE TQ1 3BT | Terraced | £235,000 | 22 Jan 2026 |
9, LOWER ELLACOMBE CHURCH ROAD TQ1 1JH | Terraced | £197,500 | 19 Jan 2026 |
2C, WARBERRY ROAD WEST TQ1 1NT | Flat/Maisonette | £143,000 | 16 Jan 2026 |
ST BENEDICTS, 61, PRIORY ROAD TQ1 4NH | Semi-detached | £271,000 | 16 Jan 2026 |
20, OXLEA CLOSE TQ1 2HB | Detached | £661,000 | 16 Jan 2026 |
2, HOMESTEAD ROAD TQ1 4JL | Semi-detached |
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 TQ1 sold for £249,231 in 2026, with a median of £200,000 across 13 transactions. Prices rose 1.1% compared to the previous year.
| £217,500 |
| 15 Jan 2026 |
1, ROCK VILLAS TQ1 1LW | Terraced | £190,000 | 14 Jan 2026 |
WOODBANK, DOSSON GROVE TQ1 4DH | Detached | £430,000 | 9 Jan 2026 |
FLAT 12, BARRINGTON HOUSE, BARRINGTON ROAD TQ1 2QJ | Flat/Maisonette | £225,000 | 9 Jan 2026 |
FLAT 2, GLEN ANDRED, LINCOMBE DRIVE TQ1 2LP | Flat/Maisonette | £145,000 | 8 Jan 2026 |
6, MARBLE COURT, PARKFIELD ROAD TQ1 4DX | Flat/Maisonette | £155,000 | 8 Jan 2026 |
THE HAMPTON, PERINVILLE ROAD TQ1 3ST | Flat/Maisonette | £170,000 | 6 Jan 2026 |
11, CUTHBERT CLOSE TQ1 4RU | Semi-detached | £225,000 | 22 Dec 2025 |
198, LYMINGTON ROAD TQ1 4AR | Terraced | £190,000 | 19 Dec 2025 |
39, VICTORIA PARK ROAD TQ1 3QJ | Terraced | £205,000 | 19 Dec 2025 |
5B, ST JAMES PLACE TQ1 3UY | Flat/Maisonette | £140,000 | 19 Dec 2025 |
97, WARBRO ROAD TQ1 3PS | Terraced | £280,000 | 19 Dec 2025 |
11, BRADDONS HILL ROAD EAST TQ1 1HA | Flat/Maisonette | £110,000 | 19 Dec 2025 |
43, FOREST ROAD TQ1 4JP | Terraced | £177,500 | 19 Dec 2025 |
The most recent recorded sale in TQ1 was a terraced property on Kents Lane for £200,000 in January 2026. Across the last 20 sales, the median price was £200,000.