Rental yields›East Midlands›Melton
Rental yield in Melton
Melton ranks 34 of 35 areas in the East Midlands for rental yield, at 3.4% gross.
Melton has one of the lowest average gross rental yields in England and Wales. Prices here are below the national middle, so the drag is rent: the average of £806 a month is well under the £1,023 typical across all 316 areas.
Over the past year, average prices in Melton rose 1.5% and average rents rose 7.1%.
Average gross yield
3.4%
#309 of 316 areas
Average price
£282,521
▲ 1.5% past year
Average rent
£806/mo
▲ 7.1% past year
Privately rented
17.2%
of 22,599 homes
Average rent by size
1 bedroom
£557/mo
↑ +7% / yr
2 bedrooms
£731/mo
↑ +7.2% / yr
3 bedrooms
£899/mo
↑ +7.2% / yr
4+ bedrooms
£1,369/mo
↑ +6.6% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
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.
How it compares
Deprivation (IMD 2025)
30 neighbourhoods
0% of Melton's neighbourhoods are in England's most deprived 10%. The typical one sits in the less deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
No Article 4 areas for Melton appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.
Check on the Article 4 map →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.
Nearby areas
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 7.1% and average prices rose 1.5% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Melton?
Rent movement is the best free proxy for tenant demand, and average rents in Melton rose 7.1% 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 August 2026, average monthly rents in Melton by property size are £557 for a 1 bedroom property, £731 for a 2 bedroom property, £899 for a 3 bedroom property, £1,369 for a 4 or more bedroom property (ONS). The all-size average is £806 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.
How deprived is Melton?
On the English Indices of Deprivation 2025, 0% of Melton's 30 neighbourhoods are in England's most deprived 10%, and 10% are in the least deprived 10%. The typical neighbourhood is in decile 7 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
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 (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.