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.
Average sale prices · HM Land Registry / UK HPI
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.
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.
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.
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.
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 |
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.
The average property in Melton sells for £278,979, down 3.1% over the past year. Prices have grown from around £55k in the mid-1990s.
| £250,000 |
| 22 Jan 2026 |
33, MILL STREET LE13 1AY | Terraced | £190,000 | 22 Jan 2026 |
9, BUTTERMERE CLOSE LE13 0LT | Terraced | £176,000 | 16 Jan 2026 |
18, HARVEY STREET LE13 1DD | Semi-detached | £276,000 | 15 Jan 2026 |
13, ROSEBERRY AVENUE, ASFORDBY VALLEY LE14 3SJ | Detached | £183,333 | 15 Jan 2026 |
11, WYNN DRIVE LE13 1GJ | Semi-detached | £265,000 | 15 Jan 2026 |
19, FERNIE AVENUE LE13 0HZ | Terraced | £149,950 | 9 Jan 2026 |
5A, JERICHO LANE, BARKESTONE NG13 0HF | Semi-detached | £320,000 | 9 Jan 2026 |
25, BLAKENEY CRESCENT LE13 0QP | Terraced | £180,000 | 9 Jan 2026 |
5, CELANDINE DRIVE LE13 0FX | Semi-detached | £235,000 | 9 Jan 2026 |
9, JOHNSON CLOSE LE13 1TH | Semi-detached | £222,500 | 9 Jan 2026 |
154, REDWOOD AVENUE LE13 1UF | Detached | £400,000 | 9 Jan 2026 |
3, BEACONSFIELD ROAD LE13 0SE | Detached | £222,000 | 8 Jan 2026 |
6, FAIR FIELD, WALTHAM ON THE WOLDS LE14 4AX | Detached | £905,000 | 8 Jan 2026 |
The most recent recorded sale in Melton was a terraced property on Asfordby Road for £165,000 in January 2026. Across the last 20 sales, the median price was £235,000.