Market outlook for Melton
Key indicators for buyers
The Melton market is moderately favourable for buyers. Prices have softened (-3.1%), which could present a buying opportunity. Affordability has improved from a peak of 12.6x in 2021 to 8.0x today. Rising rents (£791/mo, +8.5%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Melton costs 8.0x the local median salary — stretched, improving from a peak of 12.6x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Melton is £791, up 8.5% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Melton price of £278,979 with a 25% deposit (£70k), a 2-year fixed mortgage at 3.97% costs around £1,101 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£1,101) are £310 more than renting (£791). However, buying requires an upfront deposit of £70k — it would take around 17 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
95, ASFORDBY ROAD LE13 0HN | Terraced | £165,000 | 28 Jan 2026 |
15, ROSSITER CLOSE LE13 0NZ | Terraced | £210,000 | 27 Jan 2026 |
8, LEWINS CLOSE, TWYFORD LE14 2HS | Detached | £590,000 | 26 Jan 2026 |
13, STAFFORD AVENUE LE13 1QZ | Terraced | £210,000 | 23 Jan 2026 |
5, CHAPEL STREET, BARKESTONE NG13 0HE | Detached | £325,000 | 23 Jan 2026 |
10, BLUEBELL ROW LE13 0FG | Detached | £292,500 | 23 Jan 2026 |
24, NEEDHAM CLOSE LE13 1TW | Semi-detached |
Explore postcodes in Melton
2postcode districts · Click for detailed prices
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.