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House Prices in LE13

The average house price in LE13 (Melton Mowbray) is £218,166 using HM Land Registry data.

The average property price increased by £69,155 (14.38%) over the last 5 years and increased by £13,825 (2.35%) over the last 12 months.

Over the last year, there were 262 residential property sales – a decrease of 242 transactions (-92.37%) relative to the previous year. The majority of house sales (67) were in the £206,000 - £252,000 range. Then came properties in the £160,000 - £206,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,414 (-2%).

In June 2024, there were 74 new estate agency instructions, 41 agreed home sales and 45 property price reductions.

5-Year Average Property Prices in LE13 (Melton Mowbray)

14.38%

Property prices in Melton Mowbray increased by 14.38% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LE13 (Melton Mowbray) Over the Last Year

2.35%

Property prices in Melton Mowbray increased by 2.35% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LE13 (Melton Mowbray) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LE13 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LE13 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LE13 (Melton Mowbray)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LE13 (Melton Mowbray) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE13 postcode area since 1995.

Recent Sales in LE13 (Melton Mowbray)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
25 Doctors Lane, Melton Mowbray, Leicestershire, LE13 1QB	£89,500	£87,000	-£2,500	23 Feb 2024	19 Apr 2024	56 Days
29 Swallowdale Road, Melton Mowbray, Leicestershire, LE13 0AU	£170,000	£165,000	-£5,000	28 Sep 2023	27 Mar 2024	181 Days
66 Buttermere Close, Melton Mowbray, Leicestershire, LE13 0LT	£110,000	£105,000	-£5,000	15 Mar 2023	22 Mar 2024	373 Days
40 Stirling Road, Melton Mowbray, Leicestershire, LE13 0UQ	£195,000	£186,000	-£9,000	12 Aug 2023	21 Mar 2024	222 Days
30 Edendale Road, Melton Mowbray, Leicestershire, LE13 0EW	£180,000	£175,000	-£5,000	02 Nov 2023	15 Mar 2024	134 Days
12 Clark Drive, Melton Mowbray, Leicestershire, LE13 1HU	£325,000	£312,000	-£13,000	28 Feb 2023	16 Feb 2024	353 Days
22 Avon Road, Melton Mowbray, Leicestershire, LE13 0EJ	£200,000	£190,000	-£10,000	22 Aug 2023	16 Feb 2024	178 Days
3 Beechwood Avenue, Melton Mowbray, Leicestershire, LE13 1RT	£535,000	£500,000	-£35,000	06 Sep 2023	31 Jan 2024	147 Days
56 Blakeney Crescent, Melton Mowbray, Leicestershire, LE13 0QR	£160,000	£150,000	-£10,000	03 Nov 2023	26 Jan 2024	84 Days
12 Dulverton Road, Melton Mowbray, Leicestershire, LE13 0SF	£280,000	£255,900	-£24,100	06 Sep 2023	19 Jan 2024	135 Days
12 Oak Road, Melton Mowbray, Leicestershire, LE13 1BD	£230,000	£225,000	-£5,000	07 Jul 2023	19 Jan 2024	196 Days
15 Beaconsfield Road, Melton Mowbray, Leicestershire, LE13 0SE	£225,000	£225,000	£00	23 Nov 2022	09 Jan 2024	412 Days
2 Wicklow Avenue, Melton Mowbray, Leicestershire, LE13 1DX	£230,000	£225,000	-£5,000	29 Jun 2023	08 Jan 2024	193 Days
32 Hunt Drive, Melton Mowbray, Leicestershire, LE13 1PB	£440,000	£430,000	-£10,000	28 Sep 2023	05 Jan 2024	99 Days
52 Eagles Drive, Melton Mowbray, Leicestershire, LE13 0BA	£200,000	£200,000	£00	19 Jul 2023	21 Dec 2023	155 Days
30 Horse Field View, Melton Mowbray, Leicestershire, LE13 0TF	£160,000	£160,000	£00	13 Sep 2023	20 Dec 2023	98 Days
37 Cavalry Close, Melton Mowbray, Leicestershire, LE13 0SZ	£380,000	£370,000	-£10,000	19 Aug 2023	20 Dec 2023	123 Days
15 Alvaston Road, Melton Mowbray, Leicestershire, LE13 0SD	£225,000	£225,000	£00	10 Aug 2023	20 Dec 2023	132 Days
189 Grange Drive, Melton Mowbray, Leicestershire, LE13 1EL	£199,950	£184,950	-£15,000	09 Jun 2023	19 Dec 2023	193 Days
7 Churchill Close, Melton Mowbray, Leicestershire, LE13 1UW	£399,950	£385,000	-£14,950	01 Aug 2023	15 Dec 2023	136 Days

Most Expensive Streets in LE13 (Melton Mowbray)

Postcode	Street	Area	Average	No. of Sales
LE13 1DQ	Suffolk Close	Melton Mowbray	£560,333	3
LE13 0AE	Gartree Drive	Melton Mowbray	£454,250	4
LE13 1DN	Burton Road	Melton Mowbray	£450,000	5
LE13 0RX	Alfred Close	Melton Mowbray	£430,416	9
LE13 0AN	Sandy Lane	Melton Mowbray	£427,500	3
LE13 1RP	Carnegie Crescent	Melton Mowbray	£425,636	11
LE13 0GS	Iris Place	Melton Mowbray	£415,000	6
LE13 0FY	Coltfoot Way	Melton Mowbray	£408,333	3
LE13 0PZ	Marlowe Place	Melton Mowbray	£406,996	5
LE13 0FZ	Camomile Road	Melton Mowbray	£406,600	5

Least Expensive Streets in LE13 (Melton Mowbray)

Postcode	Street	Area	Average	No. of Sales
LE13 1LY	Bentley Street	Melton Mowbray	£87,000	4
LE13 0AF	The Uplands	Melton Mowbray	£121,450	5
LE13 1AQ	Coventry House, Burton Street, Melton Mowbray	Melton Mowbray	£122,000	6
LE13 0TG	Wellington Way	Melton Mowbray	£129,875	4
LE13 1AA	Bishop Street	Melton Mowbray	£130,500	4
LE13 1BJ	Regent Street	Melton Mowbray	£131,100	5
LE13 1AF	Burton Street	Melton Mowbray	£133,331	3
LE13 1BW	Saxby Road	Melton Mowbray	£134,700	5
LE13 0DL	Princess Drive	Melton Mowbray	£135,000	4
LE13 0LL	Sherwood Drive	Melton Mowbray	£138,000	3