Melton Mowbray Property Market Overview
Market town with food industry heritage and northern distributor road unlocking growth
The Melton Mowbray property market recorded 663 residential sales over the past 12 months, with a median sale price of £255,000. This places Melton Mowbray in line with the Leicestershire county median, and £30k below the UK national median of £285,000.
Prices in Melton Mowbray have shown a notable decline, with a year-on-year change of -7.3%. Within Leicestershire, Melton Mowbray ranks 5th by price out of 7 principal towns, and 6th by transaction volume.
Melton Mowbray House Prices by Property Type
Property prices in Melton Mowbray vary significantly by type. The table below compares Melton Mowbray prices with Leicestershire county averages and UK national figures.
| Type | Melton Mowbray | Leicestershire Avg | UK Avg |
|---|---|---|---|
| Detached | £388,000 | £370,000 | £420,000 |
| Semi-detached | £235,000 | £259,475 | £265,000 |
| Terraced | £179,000 | £199,000 | £230,000 |
| Flat | £132,500 | £132,500 | £225,000 |
Detached homes in Melton Mowbray command £388,000, while flat properties are most accessible at £132,500. The £256k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Melton Mowbray
Melton Mowbray recorded 45 new-build transactions in the past 12 months, representing 6.8% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Melton Mowbray traded at a premium of 24.0% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Leicestershire market, 290 new-build completions were recorded — see our Leicestershire property market report for the full county picture.
Recent Property Sales in Melton Mowbray
The following table shows the most recent property transactions recorded in Melton Mowbray, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £510,000 | Detached | LE14 3RG | 2026-02-23 | Existing |
| £175,000 | Detached | LE13 0HG | 2026-02-20 | Existing |
| £200,000 | Terraced | LE13 0JJ | 2026-02-20 | Existing |
| £178,000 | Terraced | LE13 0QB | 2026-02-20 | Existing |
| £450,000 | Detached | NG13 0AA | 2026-02-18 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £175,000 to £510,000 illustrates the breadth of the Melton Mowbray market.
Development Finance in Melton Mowbray
For developers considering Melton Mowbray, the local market data translates directly into finance structuring. With a median value of £255,000 and detached homes at £388,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Melton Mowbray scheme with a GDV of £388,000 would attract senior debt of approximately £252,200 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 7.3% year-on-year, experienced developers can still generate strong returns in Melton Mowbray by targeting well-located sites with clear demand drivers.
Ready to develop in Melton Mowbray? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Melton Mowbray Compared to Nearby Leicestershire Towns
To put Melton Mowbray's market in context, the table below compares it with similarly-priced towns across Leicestershire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Melton Mowbray | £255,000 | 663 | -7.3% |
| Coalville | £255,000 | 1,288 | -5.6% |
| Hinckley | £252,000 | 1,315 | -4.9% |
| Loughborough | £265,873 | 1,928 | -1.5% |
| Wigston | £270,000 | 490 | -3.6% |
| Leicester | £235,000 | 1,930 | 0% |
For the full Leicestershire town-by-town breakdown, see our comprehensive Leicestershire property market report.
Finance Solutions
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Development Finance
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From 6.5% p.a. · Up to 65-70% LTGDVBridging Loans
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From 12% p.a. · Up to 85-90% LTGDVRelated Reports
Leicestershire Property Market: Prices, Trends & Development Finance (2026)
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5 min readHinckley Property Market: House Prices, Sold Data & Development Finance (2026)
5 min readLeicester Property Market: House Prices, Sold Data & Development Finance (2026)
5 min readFrequently Asked Questions
What is the average house price in Melton Mowbray?
The median house price in Melton Mowbray is £255,000, based on 663 transactions over the past 12 months. Detached homes average £388,000 while flat properties average £132,500.
Are house prices rising or falling in Melton Mowbray?
House prices in Melton Mowbray are falling at -7.3% year-on-year. This decline may present buying opportunities for investors and developers. The wider Leicestershire market is falling at -3.8%.
How many properties sold in Melton Mowbray recently?
Melton Mowbray recorded 663 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Melton Mowbray?
Developers in Melton Mowbray can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.