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Palermo Lower Erith Road is a residential building situated on Lower Erith Road, Torquay, TQ1 with 12 addresses.
It ranks as the 1377th largest and 936th most expensive of the 1,502 buildings in the TQ1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 12 properties: 12 flats.
Palermo Lower Erith Road is a residential building situated on Lower Erith Road, Torquay, TQ1 with 12 addresses.
It ranks as the 1377th largest and 936th most expensive of the 1,502 buildings in the TQ1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 12 properties: 12 flats.
Sale prices range from £149,530 for 2 bedroom leasehold flats (807 ft2) to £163,837 for 3 bedroom leasehold flats (957 ft2) .
Monthly rental prices range from £871 pcm for 2 bed flats to £898 pcm for 3 bed flats.
The gross rental yield is between 6.6% and 7.0%.
The average value per square foot is £176.
The last sale in Palermo Lower Erith Road sold for £178,200 on 18th December 2024. Since then prices are down an average of 4.3%.
The current average value in the building is £157,210.
The Palermo Lower Erith Road Sales Market has increased by 14.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.8% | £157,210 |
| May 2025 | -3.4% | £161,715 |
| May 2024 | -2.3% | £167,472 |
| May 2023 | 1.2% | £171,458 |
| May 2022 | 11.4% | £169,413 |
| May 2021 | 8.3% | £152,064 |
| May 2020 | 2.2% | £140,456 |
| May 2019 | 0.4% | £137,465 |
| May 2018 | -0.9% | £136,850 |
| May 2017 | 0.7% | £138,123 |
| May 2016 | 5.1% | £137,227 |
| May 2015 | 4.4% | £130,507 |
| May 2014 | 0.4% | £125,020 |
| May 2013 | 3.8% | £124,466 |
| May 2012 | -6.6% | £119,879 |
| May 2011 | 1.3% | £128,290 |
| May 2010 | 1.8% | £126,583 |
| May 2009 | -12.1% | £124,323 |
| May 2008 | 0.5% | £141,469 |
| May 2007 | 0% | £140,761 |
The current average rental value in the building is £885.
The Palermo Lower Erith Road Rental Market has increased by 42.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £885pcm |
| May 2025 | -0.1% | £852pcm |
| May 2024 | 5.9% | £853pcm |
| May 2023 | 4.8% | £805pcm |
| May 2022 | 12.5% | £769pcm |
| May 2021 | 3.7% | £683pcm |
| May 2020 | 5% | £659pcm |
| May 2019 | 2.5% | £627pcm |
| May 2018 | -1.1% | £612pcm |
| May 2017 | -0.3% | £619pcm |
| May 2016 | 1.1% | £621pcm |
| May 2015 | 0.5% | £614pcm |
| May 2014 | 2.7% | £611pcm |
| May 2013 | -1.1% | £595pcm |
| May 2012 | 0.1% | £601pcm |
| May 2011 | 1.5% | £601pcm |
| May 2010 | 0.4% | £592pcm |
| May 2009 | -18.2% | £590pcm |
| May 2008 | 18.1% | £721pcm |
| May 2007 | 0% | £610pcm |
The last sale was on 18th December 2024 for £178,200 and since then the market in the area has decreased by 4.3%. The building has had a total of 44 sales since 1995.
Palermo, Lower Erith Road, Torquay, TQ1 2PX has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to Palermo, Lower Erith Road, Torquay, TQ1 2PX is Torquay station which is 2.3 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Palermo, Lower Erith Road, Torquay, TQ1 2PX, 39.2% of property is privately rented and 33.9% is privately owned outright.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Palermo, Lower Erith Road, Torquay, TQ1 2PX, 7.9% of residents are recorded as possessing school level qualifications and 28.5% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Palermo, Lower Erith Road, Torquay, TQ1 2PX, the average age was 55.4 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Palermo, Lower Erith Road, Torquay, TQ1 2PX, 1.3% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Palermo, Lower Erith Road, Torquay, TQ1 2PX, there are an average of 1.0 cars per household.
See below for how this compares to South West and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.