The TQ5 housing market has shown resilience with prices increasing by 4.34% over the last 12 months, according to Land Registry data analysed by Property Solvers. The current average house price sits at approximately £335,441, with Zoopla reporting £341,517 and Rightmove showing similar figures. This steady growth reflects the continued appeal of Brixham as a place to live, work, and retire, particularly as remote working has made coastal locations more desirable for professionals seeking a better quality of life.
Looking at specific property types, detached properties command the highest prices at around £470,943 to £488,208 on Rightmove, followed by semi-detached homes at approximately £279,795 to £287,058. Terraced properties average around £276,147 to £280,918, while flats remain the most affordable option at approximately £142,083. The market has seen 226 residential sales in the past year, though this represents a decrease of roughly 31% compared to the previous year, indicating a cooling from the post-pandemic peak when demand was artificially high.
Specific postcode sectors within TQ5 show varying performance. Some areas like TQ5 0DP near Stoke Gabriel have seen dramatic price increases of 56% year-on-year, while others such as TQ5 9LY in the higher parts of Brixham have experienced corrections of around 10% from their 2022 peak of £345,670. Overall, current prices sit approximately 1% below the 2022 high, making now a strategic time to sell for those who bought before the peak and want to avoid further potential corrections.