Values have been changing and have risen £481 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,662 in last 6 months, £10,297 in last 1 year, £19,943 in last 2 years, £15,434 in last 3 years, £8,917 in last 4 years and £17,646 in last 5 years.
Currently average asking price of a property in Sherwell Lane, Torquay, TQ2 is around £268,052 based on approximately 4 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 Sherwell Lane, Torquay, TQ2 is £184,114. Average asking price is £268,052 while average price paid is £147,875 which is up by £10,297 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 Sherwell Lane, Torquay, TQ2 area. In last 1 year alone average price buyer paid is around £147,875 based on approximately 4 sales in Sherwell Lane, Torquay, TQ2 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £173,000. 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 £164,226 for 21 and average amount paid for purchase of approx. 31 properties sold in last 7 years comes to about £163,169 per sale.