Values have been changing and have risen £123 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,076 in last 6 months, £17,915 in last 1 year, £24,557 in last 2 years, £27,631 in last 3 years, £15,359 in last 4 years and £24,883 in last 5 years.
Currently average asking price of a property in The Terrace, Torquay, TQ1 is around £270,220 based on approximately 2 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 The Terrace, Torquay, TQ1 is £277,360. Average asking price is £270,220 while average price paid is £302,500 which is up by £17,915 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 The Terrace, Torquay, TQ1 area. In last 1 year alone average price buyer paid is around £302,500 based on approximately 2 sales in The Terrace, Torquay, TQ1 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £246,250. 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 £210,000 for 6 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £236,562 per sale.