TQ2 5LU

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TQ2 5LUHouse Prices / South West, Torbay, Falkland Road

Last updated May 2026

Key Postcode Insights

TQ2 5LU is a residential postcode situated on Falkland Road, Torquay, TQ2 with 38 addresses.

It ranks as the 753rd largest and 14th most expensive of the 859 postcodes in the TQ2 area. The dominant property type is a mid-century flat built between 1936 and 1979.

The postcode contains a total of 38 properties: 38 flats.

Properties

Flats

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Key Postcode Insights

TQ2 5LU is a residential postcode situated on Falkland Road, Torquay, TQ2 with 38 addresses.

It ranks as the 753rd largest and 14th most expensive of the 859 postcodes in the TQ2 area. The dominant property type is a mid-century flat built between 1936 and 1979.

The postcode contains a total of 38 properties: 38 flats.

Properties

Flats

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House Pricesin TQ2 5LU

Sale prices range from £77,797 for 1 bedroom leasehold flats with a balcony (365 ft²) to £105,958 for 2 bedroom leasehold flats with a balcony (710 ft²) .

Monthly rental prices range from £600 pcm for 1 bed flats to £702 pcm for 2 bed flats.

The gross rental yield is between 7.9% and 9.3%.

The average value per square foot is £190.

Average Sale Value

£89,384

Average Rental Value

£667 pcm

Average Rental Yield

9.0% /year

Average Value Per Sqft

£190 /ft²

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Prices last updated 1st May 2026

Sales Market Trendsin TQ2 5LU

The last sale in TQ2 5LU sold for £57,000 on 30th October 2025. Since then prices are up an average of 3.3%.

The current average value in the postcode is £89,384.
The TQ2 5LU Sales Market has increased by 20.7% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	-0.7%	£89,384
April 2025	-2.4%	£90,016
April 2024	-3.1%	£92,272
April 2023	1.2%	£95,263
April 2022	14.6%	£94,109
April 2021	6.9%	£82,103
April 2020	1.3%	£76,799
April 2019	1.6%	£75,833
April 2018	-0.3%	£74,634
April 2017	1.1%	£74,896
April 2016	5.3%	£74,057
April 2015	2.2%	£70,320
April 2014	2.9%	£68,780
April 2013	-1.4%	£66,830
April 2012	-4.2%	£67,745
April 2011	1.8%	£70,741
April 2010	-1.9%	£69,508
April 2009	-12.7%	£70,889
April 2008	4.8%	£81,231
April 2007	0%	£77,502

Rental Market Trendsin TQ2 5LU

The current average rental value in the postcode is £667.
The TQ2 5LU Rental Market has increased by 43.1% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	5.2%	£667pcm
April 2025	1.3%	£635pcm
April 2024	4.1%	£627pcm
April 2023	4.6%	£602pcm
April 2022	13.8%	£575pcm
April 2021	3.9%	£505pcm
April 2020	4%	£486pcm
April 2019	3.7%	£468pcm
April 2018	-1.8%	£451pcm
April 2017	-1.6%	£459pcm
April 2016	1.7%	£467pcm
April 2015	-0.3%	£459pcm
April 2014	1.2%	£460pcm
April 2013	-1.7%	£455pcm
April 2012	-0.1%	£463pcm
April 2011	1.7%	£463pcm
April 2010	-3.3%	£455pcm
April 2009	-19.4%	£471pcm
April 2008	21.9%	£584pcm
April 2007	0%	£480pcm

Explore Buildingsin TQ2 5LU, Falkland Road, Torquay, TQ2

Homequay House, Falkland Road, Torquay, TQ2 Mid-century building38 units

Sales History
in TQ2 5LU

The last sale was on 30th October 2025 for £57,000 and since then the market in the area has increased by 3.3%. The postcode has had a total of 78 sales since 1995.