Key indicators for buyers
The TQ5 market presents a mixed picture for buyers. Prices are rising at 3.3%, which may favour acting sooner rather than later. 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 £357,200 with a 25% deposit (£89k), a 2-year fixed mortgage at 3.97% costs around £1,410 per month.
Monthly cost comparison based on current data
Uses TQ5 avg. price with Torbay rental data
Monthly mortgage payments (£1,410) are £512 more than renting (£898). However, buying requires an upfront deposit of £89k — it would take around 22 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
17, PENN MEADOWS CLOSE TQ5 9PS | Detached | £525,000 | 15 Jan 2026 |
14, MAPLE CLOSE TQ5 0DX | Detached | £350,000 | 15 Jan 2026 |
17, LONGCROFT AVENUE TQ5 0DS | Semi-detached | £347,000 | 8 Jan 2026 |
125, NORTH BOUNDARY ROAD TQ5 8LA | Semi-detached | £220,000 | 8 Jan 2026 |
38, GARLIC REA TQ5 9UB | Terraced | £344,000 | 6 Jan 2026 |
FLAT 2, 125, BERRY HEAD ROAD TQ5 9AH | Flat/Maisonette | £209,000 | 19 Dec 2025 |
2, FORE STREET TQ5 8DS | Other | £180,000 |
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 TQ5 sold for £357,200 in 2026, with a median of £347,000 across 5 transactions. Prices rose 3.3% compared to the previous year.
| 19 Dec 2025 |
33, FORE STREET TQ5 8AA | Flat/Maisonette | £210,000 | 16 Dec 2025 |
FLAT 2, CINTRA, 81, SOUTH FURZEHAM ROAD TQ5 8JF | Flat/Maisonette | £275,000 | 15 Dec 2025 |
3, MEADOW PARK TQ5 8NX | Detached | £230,000 | 12 Dec 2025 |
3, ST MARYS CLOSE TQ5 9QU | Semi-detached | £270,000 | 12 Dec 2025 |
MANDEVILLE, BRIMLANDS TQ5 9NG | Detached | £335,000 | 10 Dec 2025 |
6, GREEN LANE, CHURSTON FERRERS TQ5 0JG | Detached | £740,000 | 9 Dec 2025 |
24, PILLAR AVENUE TQ5 8LB | Terraced | £265,000 | 5 Dec 2025 |
21, GARROW CLOSE TQ5 9NN | Terraced | £167,000 | 5 Dec 2025 |
3, NORTH HILL CLOSE TQ5 8RX | Terraced | £270,000 | 5 Dec 2025 |
2, MANOR VALE ROAD, GALMPTON TQ5 0PA | Detached | £525,000 | 5 Dec 2025 |
38, PENN LANE TQ5 9NR | Semi-detached | £267,500 | 4 Dec 2025 |
59, BERRY HEAD ROAD TQ5 9AA | Detached | £1,200,000 | 1 Dec 2025 |
MANOR HOUSE, SLADE LANE, GALMPTON TQ5 0PD | Detached | £480,000 | 1 Dec 2025 |
The most recent recorded sale in TQ5 was a detached property on Penn Meadows Close for £525,000 in January 2026. Across the last 20 sales, the median price was £275,000.