Average Price for property in Palermo Road, Torquay, TQ1 is around £186,591 which varies based on type of property you are interested in and ranges from £393,137 for detached house to around £176,516 for a flat. Values have been changing and have risen £84 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,071 in last 6 months, £12,055 in last 1 year, £16,525 in last 2 years, £18,595 in last 3 years, £10,343 in last 4 years and £16,751 in last 5 years.
Currently average asking price of a property in Palermo Road, Torquay, TQ1 is around £270,220 based on approximately 3 properties for sale. Same is the case with rental options based on 163 properties up for rent, average asking rent is around £630 per month.
Estimated property value in Palermo Road, Torquay, TQ1 is £186,591. Average asking price is £270,220 while average price paid is £152,333 which is up by £12,055 and Avg. asking rent £630.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 Palermo Road, Torquay, TQ1 area. In last 1 year alone average price buyer paid is around £152,333 based on approximately 3 sales in Palermo Road, Torquay, TQ1 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £141,888. 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 £137,596 for 15 and average amount paid for purchase of approx. 18 properties sold in last 7 years comes to about £136,497 per sale.