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Melton Mowbray House Prices Melton Mowbray House Prices

The average house price in Melton Mowbray is £247,555 using HM Land Registry data.

The average property price increased by £53,898 (24.04%) over the last 5 years and increased by £10,797 (4.04%) over the last 12 months.

Over the last year, there were 303 residential property sales – a decrease of 62 transactions (-20.46%) relative to the previous year. The majority of house sales (73) were in the £196,000 - £242,000 range. Then came properties in the £150,000 - £196,000 range, where 69 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 162 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,863 (-2%).

In January 2025, there were 55 new estate agency instructions, 51 agreed home sales and 56 property price reductions.

Postcodes Covered: LE13, LE14

5-Year Average Property Prices in Melton Mowbray

24.04%

Property prices in Melton Mowbray increased by 24.04% 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 Melton Mowbray Over the Last Year

4.04%

Property prices in Melton Mowbray increased by 4.04% 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.

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).

Property Market Heat Gauge for Melton Mowbray - January 2025

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 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 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 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 Melton Mowbray since 1995

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

Recent Property Sales in Melton Mowbray

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Fairfield Close, Melton Mowbray, Leicestershire, LE13 1UD£425,000£415,000-£10,00006 Jun 202412 Dec 2024189 Days
243 Asfordby Road, Melton Mowbray, Leicestershire, LE13 0HP£255,000£249,500-£5,50001 Oct 202411 Dec 202471 Days
39 Mayfield Street, Melton Mowbray, Leicestershire, LE13 0NW£179,950£175,000-£4,95010 May 202409 Dec 2024213 Days
17 Browning Close, Melton Mowbray, Leicestershire, LE13 1JW£274,950£274,950£010 Jul 202422 Nov 2024135 Days
25 Delamare Road, Melton Mowbray, Leicestershire, LE13 1PL£450,000£447,000-£3,00002 May 202422 Nov 2024204 Days
219 Thorpe Road, Melton Mowbray, Leicestershire, LE13 1SH£185,000£170,000-£15,00004 Jun 202421 Nov 2024170 Days
30 Greaves Avenue, Melton Mowbray, Leicestershire, LE13 0LE£230,000£225,000-£5,00017 Apr 202414 Nov 2024211 Days
40 Limes Avenue, Melton Mowbray, Leicestershire, LE13 1QL£200,000£200,000£005 Apr 202408 Nov 2024217 Days
58 Elgin Drive, Melton Mowbray, Leicestershire, LE13 1TG£250,000£245,000-£5,00005 Jun 202407 Nov 2024155 Days
4 Lambert Close, Melton Mowbray, Leicestershire, LE13 1PR£420,000£420,000£012 May 202431 Oct 2024172 Days
18 Abingdon Road, Melton Mowbray, Leicestershire, LE13 0SB£240,000£235,000-£5,00017 Jul 202429 Oct 2024104 Days
19 Loxley Drive, Melton Mowbray, Leicestershire, LE13 0EY£260,000£260,000£016 Apr 202428 Oct 2024195 Days
6 Medway Drive, Melton Mowbray, Leicestershire, LE13 0EE£240,000£227,000-£13,00029 Feb 202425 Oct 2024239 Days
57 Rosebery Avenue, Melton Mowbray, Leicestershire, LE13 1BL£150,000£140,000-£10,00022 Apr 202423 Oct 2024184 Days
92 Burton Road, Melton Mowbray, Leicestershire, LE13 1DL£425,000£425,000£017 Apr 202423 Oct 2024189 Days
3 Whitelake Close, Melton Mowbray, Leicestershire, LE13 0EQ£229,950£229,950£030 Mar 202402 Aug 2024125 Days
8 Swale Close, Melton Mowbray, Leicestershire, LE13 0UY£240,000£238,000-£2,00019 Mar 202430 Jul 2024133 Days
109 Kings Road, Melton Mowbray, Leicestershire, LE13 1QQ£200,000£200,000£010 Apr 202424 Jul 2024105 Days
27 Ferneley Crescent, Melton Mowbray, Leicestershire, LE13 1RY£200,000£200,000£003 Apr 202422 Jul 2024110 Days
7 Soar Close, Melton Mowbray, Leicestershire, LE13 0HD£300,000£295,000-£5,00014 Sep 202305 Jul 2024295 Days

Most Expensive Streets in Melton Mowbray

PostcodeStreetAreaAverageNo. of Sales
LE13 1DQSuffolk CloseMelton Mowbray£560,3333
LE13 0AEGartree DriveMelton Mowbray£504,2504
LE13 1DLBurton RoadMelton Mowbray£501,2374
LE13 1RPCarnegie CrescentMelton Mowbray£451,54511
LE13 1DNBurton RoadMelton Mowbray£450,0005
LE13 0RXAlfred CloseMelton Mowbray£447,0836
LE13 1PBHunt DriveMelton Mowbray£430,6258
LE13 0ANSandy LaneMelton Mowbray£427,5003
LE13 0AHLincoln DriveMelton Mowbray£416,2504
LE13 0AZNorfolk DriveMelton Mowbray£415,5005

Least Expensive Streets in Melton Mowbray

PostcodeStreetAreaAverageNo. of Sales
LE13 1LYBentley StreetMelton Mowbray£90,6663
LE13 1AQCoventry HouseBurton Street, Melton Mowbray£122,0006
LE13 1BJRegent StreetMelton Mowbray£132,6254
LE13 1AFBurton StreetMelton Mowbray£133,3313
LE13 1BWSaxby RoadMelton Mowbray£134,3336
LE13 0AFThe UplandsMelton Mowbray£136,3333
LE13 0TEClydesdale CloseMelton Mowbray£138,1874
LE13 1BPSaxby RoadMelton Mowbray£138,6005
LE13 0LTButtermere CloseMelton Mowbray£139,75014
LE13 1QDDoctors LaneMelton Mowbray£139,9874

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