Average Rent, House Prices and Buy-to-Let Yield in Melton (July 2026)
The average private rent in Melton is £796 a month (ONS, July 2026) and the average house price £283,892 (HM Land Registry, June 2026): a gross yield of 3.4%, ranked 306 of 316 local authorities.
Rent in Melton
The average private rent across all property types is £796 a month (+6.5% on a year earlier). The regional median in the East Midlands is £857.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £550 | £6,600 a year |
| 2 bedrooms | £723 | £8,676 a year |
| 3 bedrooms | £888 | £10,656 a year |
| 4+ bedrooms | £1,352 | £16,224 a year |
The bedroom ladder in Melton: one to two bedrooms adds 31.5% to the rent, two to three adds 22.8% and three to four-plus adds 52.3% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Melton
The average price paid is £283,892 (+2.2% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £395,993 |
| Semi-detached | £246,231 |
| Terraced | £199,130 |
| Flat | £117,331 |
Rents are outrunning prices in Melton. Rents moved +6.5% over the year against +2.2% for prices — a gap of 4.3 points that lifts the gross yield a buyer sees today. Melton ranks 49th of 316 local authorities for rent growth and 185th of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Melton
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £723 | £117,331 | 7.4% | 7.5% |
| Terraced house | £888 | £199,130 | 5.4% | 5.7% |
| Semi-detached | £888 | £246,231 | 4.3% | 4.6% |
| Detached | £1,352 | £395,993 | 4.1% | 4.1% |
On these pairings the strongest gross yield in Melton is on flats at 7.4%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 3.4% (rent × 12 ÷ price) — rank 306 of 316 local authorities; the regional median is 4.2%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £23,880 a year for the average rent.
- EPC before 2030: 52% of EPCs lodged in Melton over the last year were below band C — the level a rented home needs by 1 October 2030 — with 38% at D (EPC ratings in Melton).
- Council tax: Band D in Melton is £2,430 for 2026/27, and the council charges a 100% second-home premium (council tax in Melton).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £796 supports a loan of about £119,774, which is 42.2% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Melton
- Yield calculator with £283,892 and £796 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £796 a month
- Rental income tax on £9,552 a year of rent
Nearest neighbours by yield, in the East Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| North West Leicestershire | £910 | £282,239 | 3.9% | +9.7% |
| Rutland | £962 | £299,980 | 3.8% | +2.1% |
| North East Derbyshire | £787 | £250,387 | 3.8% | +3.8% |
| Rushcliffe | £1,041 | £331,451 | 3.8% | +2.7% |
| Harborough | £963 | £345,848 | 3.3% | +2.9% |
| Derbyshire Dales | £810 | £353,364 | 2.8% | +7.3% |
All 316 areas ranked · council tax in Melton · EPC ratings in Melton.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£796 a month across all property types (ONS Price Index of Private Rents, July 2026), up 6.5% on a year earlier.
£283,892 (HM Land Registry UK House Price Index, June 2026).
About 3.4% gross on the averages — £796 rent against a £283,892 price — ranking 306 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 7.4% gross (£723 rent on a £117,331 price), against an England-and-Wales median of 7.5% for that type.
Rents +6.5% against prices +2.2% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £23,880 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in Melton
Council tax bands, sold prices and build periods for each district — all LE postcodes · all NG postcodes.