Property trends for Torquay (TQ)

The latest average property price in TQ stands at £322,000, close to the national median. Over the past decade, prices have grown at 2.3% annually—below the typical rate seen across the country, reflecting a slower appreciation trajectory than many regions.

Average monthly rent is £937, slightly below the national midpoint. Rent growth over ten years has been modest at 3.2% per year, among the slowest rates nationally. The current rental yield of 5.2% remains relatively healthy, reflecting good returns for buy-to-let investors despite modest capital growth.

Average household income of £37,000 is below the national average, placing the area in the lower-middle income band. The price-to-income ratio of 9.9x has risen since 2016 (when it was 9.1x), indicating that property has become less affordable relative to earnings. Rental affordability has improved, with the rent-to-income ratio falling from 29.3% in 2016 to 27.5% today.

The population skews notably older: nearly 28% are aged 65 and above, well above the national average of 19.6%, while those aged 16–24 make up just 7.9%—significantly lower than the national 11%. Housing tenure is marked by a high proportion of outright owners at 41.9%, reflecting the area's appeal to retirees. The employment profile shows above-average representation in trades (14.4%) and caring professions (11.0%), with below-average professional roles (17.1% versus 20.5% nationally).