Key indicators for buyers
The TQ3 market is moderately favourable for buyers. Prices have softened (-8.4%), 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 £251,308 with a 25% deposit (£63k), a 2-year fixed mortgage at 3.97% costs around £992 per month.
Monthly cost comparison based on current data
Uses TQ3 avg. price with Torbay rental data
Monthly mortgage payments (£992) are £94 more than renting (£898). However, buying requires an upfront deposit of £63k — 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 |
|---|---|---|---|
29, LANGS ROAD TQ3 2HH | Terraced | £130,000 | 28 Jan 2026 |
25, NORTHLEAT AVENUE TQ3 3UG | Semi-detached | £209,000 | 23 Jan 2026 |
71, BARNFIELD ROAD TQ3 2JU | Semi-detached | £312,000 | 19 Jan 2026 |
85, DOLPHIN COURT ROAD TQ3 1AB | Detached | £345,000 | 16 Jan 2026 |
102, DUCHY DRIVE, PRESTON TQ3 1EX | Detached | £400,000 | 14 Jan 2026 |
40, DOLPHIN COURT ROAD TQ3 1AG | Detached | £390,000 | 14 Jan 2026 |
THE OLD CIDER MILL, DIXON CLOSE TQ3 3NA | 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 TQ3 sold for £251,308 in 2026, with a median of £240,000 across 13 transactions. Prices fell 8.4% compared to the previous year.
| £240,000 |
| 14 Jan 2026 |
64, OCCOMBE VALLEY ROAD TQ3 1QS | Semi-detached | £180,000 | 9 Jan 2026 |
LITTLECOT, 1, WOODLAND MEWS TQ3 2ST | Terraced | £195,000 | 9 Jan 2026 |
FLAT 24, THE COACH HOUSE, STEARTFIELD ROAD TQ3 2BG | Flat/Maisonette | £61,000 | 9 Jan 2026 |
25, VICARAGE HILL, MARLDON TQ3 1NH | Semi-detached | £320,000 | 7 Jan 2026 |
12, PETERS CRESCENT, MARLDON TQ3 1PQ | Detached | £370,000 | 6 Jan 2026 |
16A, TOWER ROAD TQ3 3EP | Terraced | £115,000 | 5 Jan 2026 |
13, NEW PARK ROAD TQ3 3UU | Flat/Maisonette | £120,000 | 19 Dec 2025 |
30, FERNICOMBE ROAD TQ3 3UP | Flat/Maisonette | £160,000 | 19 Dec 2025 |
9, CLIFTON CRESCENT TQ3 3LE | Semi-detached | £249,950 | 19 Dec 2025 |
APARTMENT 5, OCEAN POINT, 24, PRIMLEY PARK TQ3 3JS | Flat/Maisonette | £145,000 | 19 Dec 2025 |
28, CLIFTON GROVE TQ3 3LH | Terraced | £235,000 | 19 Dec 2025 |
154, QUEEN ELIZABETH DRIVE TQ3 3YR | Terraced | £185,000 | 19 Dec 2025 |
8, WOBURN CLOSE TQ3 3GG | Terraced | £195,000 | 19 Dec 2025 |
The most recent recorded sale in TQ3 was a terraced property on Langs Road for £130,000 in January 2026. Across the last 20 sales, the median price was £209,000.