HM Land registry have released this month the data for the House price index for England year to September 2018. It lists the annual price increases for the regions and Melton Mowbray is reported to have achieved a 12.8% increase in average house prices from September 2017 to September 2018.
You may have seen the Daily Mail reports talking about the North / South divide in property inflation being over, I am not sure that 12.8% increase is enough to say there is no longer a divide but it is certainly showing that the East Midlands is catching up!
We know that Melton Mowbray is in a great location - convenient for Leicester, Nottingham and Grantham and having a good supply of excellent primary and secondary schools. It has always been a popular choice for families and sees a high demand for rental properties.
The Daily Mail article talked about people moving looking for a better value property. Melton Mowbray certainly offers a lot of house for your money for anyone moving up from the southern regions.
Personally I have seen friends returning to the area this year now they are looking to settle down after working in London since graduating. When they are ready to buy it is the East Midlands that can provide access to employment opportunities and is still close enough to easily see friends and visit London.
I believe the value of the properties in Melton Mowbray will continue to increase as the East Midlands continues to grow in strength economically and the town will provide a sound investment for anyone looking to purchase a property.
To get an up to date property valuation or honest opinion on the rental return of a buy to let please do not hesitate to contact me. Charlotte Baker 01664 569700