Key indicators for buyers
The TQ2 market is moderately favourable for buyers. Prices have softened (-4.6%), which could present a buying opportunity. 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 £262,059 with a 25% deposit (£66k), a 2-year fixed mortgage at 3.97% costs around £1,034 per month.
Monthly cost comparison based on current data
Uses TQ2 avg. price with Torbay rental data
Monthly mortgage payments (£1,034) are £136 more than renting (£898). However, buying requires an upfront deposit of £66k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
9, CADEWELL LANE TQ2 7AG | Detached | £450,000 | 22 Jan 2026 |
35, BARCHINGTON AVENUE TQ2 8LB | Detached | £295,000 | 22 Jan 2026 |
FLAT 1, CHESTNUT LODGE, ROWDENS ROAD TQ2 5AZ | Detached | £499,000 | 20 Jan 2026 |
64, BARTON HILL ROAD TQ2 8JD | Semi-detached | £245,000 | 16 Jan 2026 |
3, SHERWELL LANE TQ2 6BH | Semi-detached | £350,000 | 16 Jan 2026 |
FLAT 15, ST ANDREWS COURT, CADEWELL LANE TQ2 7HP | Flat/Maisonette | £101,000 | 15 Jan 2026 |
78, LEEWARD LANE TQ2 7GB | 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 TQ2 sold for £262,059 in 2026, with a median of £255,000 across 17 transactions. Prices fell 4.6% compared to the previous year.
| £275,000 |
| 13 Jan 2026 |
23, HAWKINS AVENUE TQ2 6ER | Semi-detached | £257,500 | 12 Jan 2026 |
88, BROADLEY DRIVE TQ2 6UT | Detached | £407,500 | 12 Jan 2026 |
146, AVENUE ROAD TQ2 5LQ | Semi-detached | £355,000 | 9 Jan 2026 |
34, ABBEY ROAD TQ2 5NH | Flat/Maisonette | £150,000 | 8 Jan 2026 |
17, WESLEY CLOSE TQ2 8SH | Flat/Maisonette | £105,000 | 7 Jan 2026 |
9, WEMBURY DRIVE TQ2 8DT | Semi-detached | £255,000 | 7 Jan 2026 |
FLAT 6, FAIRLEIGH, LUMMATON CROSS TQ2 8ET | Flat/Maisonette | £155,000 | 6 Jan 2026 |
15, SHETLAND CLOSE TQ2 7BH | Terraced | £155,000 | 6 Jan 2026 |
39, WALDON POINT TQ2 5YE | Flat/Maisonette | £150,000 | 5 Jan 2026 |
4, FROBISHER GREEN TQ2 6JH | Semi-detached | £250,000 | 5 Jan 2026 |
15, KINGSLEY AVENUE TQ2 7GU | Semi-detached | £329,000 | 19 Dec 2025 |
FLAT 19, WALDON COURT, ST LUKES ROAD SOUTH TQ2 5PB | Flat/Maisonette | £295,000 | 19 Dec 2025 |
56, FERNWORTHY CLOSE TQ2 7JQ | Semi-detached | £95,200 | 19 Dec 2025 |
The most recent recorded sale in TQ2 was a detached property on Cadewell Lane for £450,000 in January 2026. Across the last 20 sales, the median price was £257,500.