The average property value in Melton is £304,210 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Melton grew by £44,575. Compare house prices by area
Average property prices in Melton grew by 17.2% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.9% per year.
If prices in Melton continue to rise by 4.9% a year, the average property price will be £368,202 in 2025.
There were 778 property sales in Melton in the year ending June 2021, an increase of 51 when compared to the previous year.
The average price for a house in Melton ranges from £197,720 for a terraced house to £407,883 for a detached house, with semi-detached in between costing on average £224,217.
The average price for a flat or maisonette in Melton is £132,000.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Melton, terraced house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 56.2% from £261,132 to £407,883, semi-detached house prices have risen 52.4% from £147,083 to £224,217, terraced house prices have risen 58.4% from £124,852 to £197,720, and flat prices have fallen 6.2% from £140,657 to £132,000.
The most common type of property sold in Melton during the year ending June 2021 was detached houses, which accounted for 46.8% of properties.
The least commonly available type of property sold in Melton were flats, which account for 0.9% of properties sold.
Of the properties sold in Melton during 2021, 2.0% were new build properties.
The average price paid for a new build property in Melton was £29,318 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (67% of new build properties sold). For existing properties, the most common type is detached houses (45% of existing properties sold).
The most common price band for property sales in Melton is £200k - £300k, which accounted for 16.8% of properties sold in 2021.
0.3% of properties in Melton had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Melton were in the £50k - £100k price bracket, accounting for 0.6% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics