Rental yields›Melton
Rental yield in Melton
Melton has one of the lowest average gross rental yields in England and Wales, typical of higher-priced areas where the rent does not keep pace with the purchase price.
Over the past year, average prices in Melton rose 2.2% and average rents rose 6.5%.
Gross yield
3.4%
Average price
£283,892
↑ +2.2% / yr
Average rent
£796/mo
↑ +6.5% / yr
National rank
#306 of 316
Who rents here
Census 2021, 22,599 households
17.2% of homes in Melton are private rentals.
Average rent by size
1 bedroom
£550/mo
↑ +6.6% / yr
2 bedrooms
£723/mo
↑ +6.6% / yr
3 bedrooms
£888/mo
↑ +6.6% / yr
4+ bedrooms
£1,352/mo
↑ +5.8% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
Council tax bands (2026-27)
Band A
£1,620
Band B
£1,890
Band C
£2,160
Band D
£2,430
Band E
£2,970
Band F
£3,510
Band G
£4,050
Band H
£4,860
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
Work out the yield on a specific property
Pre-filled with the Melton average. Change them for a real property.
That is right on the Melton average of 3.4%. Add costs for a net estimate.
How it compares
Areas with a similar yield
Common questions
Is Melton a good place to buy to let?
For rental income it is one of the weaker areas, at a 3.4% average gross yield. Places like this are usually bought for expected price growth or lifestyle rather than cash flow.
Are rents rising in Melton?
Over the past year, average rents in Melton rose 6.5% and average prices rose 2.2% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Melton?
Rent movement is the best free proxy for tenant demand, and average rents in Melton rose 6.5% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 17.2% of Melton's 22,599 households rented privately (10.7% social rented, 70.9% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Melton?
As of 2026-07, average monthly rents in Melton by property size are £550 for a 1 bedroom property, £723 for a 2 bedroom property, £888 for a 3 bedroom property, £1,352 for a 4 or more bedroom property (ONS). The all-size average is £796 a month.
How much is council tax in Melton?
In 2026-27, the average Band D council tax in Melton is £2,430 a year including police and other precepts. Bills scale with the property's band: from £1,620 for Band A up to £4,860 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Melton is at 3.4%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.