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Melton Mowbray House Prices Melton Mowbray House Prices

The average house price in Melton Mowbray is £251,961 using HM Land Registry data.

The average property price increased by £61,552 (28.82%) over the last 5 years and increased by £12,301 (4.68%) over the last 12 months.

Over the last year, there were 266 residential property sales – a decrease of 244 transactions (-91.73%) relative to the previous year. The majority of house sales (73) were in the £208,000 - £256,000 range. Then came properties in the £160,000 - £208,000 range, where 62 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,244 (-2%).

In April 2024, there were 88 new estate agency instructions, 39 agreed home sales and 62 property price reductions.

Postcodes Covered: LE13, LE14

5-Year Average Property Prices in Melton Mowbray

28.82%

Property prices in Melton Mowbray increased by 28.82% 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

4.68%

Property prices in Melton Mowbray increased by 4.68% 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 - April 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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
30 Edendale Road, Melton Mowbray, Leicestershire, LE13 0EW£180,000£175,000-£5,00002 Nov 202315 Mar 2024134 Days
12 Clark Drive, Melton Mowbray, Leicestershire, LE13 1HU£325,000£312,000-£13,00028 Feb 202316 Feb 2024353 Days
3 Beechwood Avenue, Melton Mowbray, Leicestershire, LE13 1RT£535,000£500,000-£35,00006 Sep 202331 Jan 2024147 Days
15 Beaconsfield Road, Melton Mowbray, Leicestershire, LE13 0SE£225,000£225,000£0023 Nov 202209 Jan 2024412 Days
32 Hunt Drive, Melton Mowbray, Leicestershire, LE13 1PB£440,000£430,000-£10,00028 Sep 202305 Jan 202499 Days
30 Horse Field View, Melton Mowbray, Leicestershire, LE13 0TF£160,000£160,000£0013 Sep 202320 Dec 202398 Days
37 Cavalry Close, Melton Mowbray, Leicestershire, LE13 0SZ£380,000£370,000-£10,00019 Aug 202320 Dec 2023123 Days
7 Churchill Close, Melton Mowbray, Leicestershire, LE13 1UW£399,950£385,000-£14,95001 Aug 202315 Dec 2023136 Days
102 Asfordby Road, Melton Mowbray, Leicestershire, LE13 0HS£200,000£196,000-£4,00020 Jun 202315 Dec 2023178 Days
15 Dorian Rise, Melton Mowbray, Leicestershire, LE13 0TJ£180,000£170,000-£10,00015 Mar 202308 Dec 2023268 Days
10 Medway Drive, Melton Mowbray, Leicestershire, LE13 0EE£300,000£285,000-£15,00024 Jul 202301 Dec 2023130 Days
52 Eastfield Avenue, Melton Mowbray, Leicestershire, LE13 1TE£259,500£254,000-£5,50026 Jul 202330 Nov 2023127 Days
3 Swift Close, Melton Mowbray, Leicestershire, LE13 0BB£198,000£191,000-£7,00031 May 202317 Nov 2023170 Days
209 Nottingham Road, Melton Mowbray, Leicestershire, LE13 0NS£415,000£415,000£0013 Jul 202317 Nov 2023127 Days
2 Framland Drive, Melton Mowbray, Leicestershire, LE13 1HY£295,000£290,000-£5,00002 Feb 202316 Nov 2023287 Days
5 Grantwood Road, Melton Mowbray, Leicestershire, LE13 1SB£400,000£392,000-£8,00001 Feb 202207 Nov 2023644 Days
35 Eastfield Avenue, Melton Mowbray, Leicestershire, LE13 1TD£230,000£222,500-£7,50021 Aug 202306 Nov 202377 Days
149 Thorpe Road, Melton Mowbray, Leicestershire, LE13 1SF£190,000£180,000-£10,00017 May 202301 Nov 2023168 Days
2 Mayfield Street, Melton Mowbray, Leicestershire, LE13 0NW£199,950£190,000-£9,95023 Jun 202327 Oct 2023126 Days
26 Blakeney Crescent, Melton Mowbray, Leicestershire, LE13 0QR£180,000£175,000-£5,00013 Jul 202327 Oct 2023106 Days

Most Expensive Streets in Melton Mowbray

PostcodeStreetAreaAverageNo. of Sales
LE13 1DQSuffolk CloseMelton Mowbray£560,3333
LE14 2TXRydal Manor GardensEye Kettleby£538,3004
LE13 0AEGartree DriveMelton Mowbray£454,2504
LE13 1DNBurton RoadMelton Mowbray£450,0005
LE13 0RXAlfred CloseMelton Mowbray£430,4169
LE13 1RPCarnegie CrescentMelton Mowbray£415,72711
LE13 0GSIris PlaceMelton Mowbray£415,0006
LE13 0PZMarlowe PlaceMelton Mowbray£412,4956
LE13 0FZCamomile RoadMelton Mowbray£406,6005
LE13 0AHLincoln DriveMelton Mowbray£401,6663

Least Expensive Streets in Melton Mowbray

PostcodeStreetAreaAverageNo. of Sales
LE13 1LYBentley StreetMelton Mowbray£87,0004
LE13 0AFThe UplandsMelton Mowbray£121,4505
LE13 1AQCoventry HouseBurton Street, Melton Mowbray£122,0006
LE13 1AABishop StreetMelton Mowbray£130,5004
LE13 1BJRegent StreetMelton Mowbray£131,1005
LE13 0TFHorse Field ViewMelton Mowbray£133,0004
LE13 1AFBurton StreetMelton Mowbray£133,3313
LE13 0DLPrincess DriveMelton Mowbray£135,0004
LE13 0LLSherwood DriveMelton Mowbray£136,6254
LE13 0TEClydesdale CloseMelton Mowbray£138,1874

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