Values have been changing and have risen £439 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,430 in last 6 months, £9,402 in last 1 year, £18,214 in last 2 years, £14,097 in last 3 years, £8,146 in last 4 years and £16,117 in last 5 years.
Currently average asking price of a property in Lummaton Cross, Torquay, TQ2 is around £268,052 based on approximately 1 properties for sale. Same is the case with rental options based on 110 properties up for rent, average asking rent is around £738 per month.
Estimated property value in Lummaton Cross, Torquay, TQ2 is £168,147. Average asking price is £268,052 while average price paid is £155,000 which is up by £9,402 and Avg. asking rent £738.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lummaton Cross, Torquay, TQ2 area. In last 1 year alone average price buyer paid is around £155,000 based on approximately 1 sales in Lummaton Cross, Torquay, TQ2 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £125,000. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £125,000 for 2 and average amount paid for purchase of approx. 2 properties sold in last 7 years comes to about £125,000 per sale.