Property investment stats for Melksham, South West

• Rental yields are reasonable, with a market average of 4.6% and the top-performing postcode district achieving 4.5%.
• The median asking price for a three-bedroom house is £315,000, offering a potentially competitive entry point compared to other South West towns.
• The area’s strong owner-occupier base in the 71st percentile may support long-term price stability and lower volatility.

• The most recent one-year capital growth of -2.3% signals that prices have changed by this amount, so short-term capital appreciation is not guaranteed.
• The private rental sector is relatively small, in the 25th percentile nationally, which may limit tenant demand and rental growth.
• The population is older on average (60+ group in the 70th percentile), which could affect future housing demand and turnover.

Looking ahead, Melksham’s property market is likely to remain steady, supported by its high rate of owner-occupation and relatively affordable homes. While the three-year capital growth of 9.8% and annualised growth of 3.2% point to respectable long-term performance, the one-year capital growth of -2.3% suggests investors should temper expectations for rapid gains.

Rental demand may be more limited compared to urban centres, given the area’s lower private rented sector and older demographic profile, but rental yields of 4.6% still look reasonable. Investors seeking liquidity will appreciate the median days on market of 47 days and the scope for negotiation, as seen in the median discount of £5,000 (the typical achieved discount). Overall, Melksham offers a balanced mix of stability and moderate opportunity for those with a medium- to long-term outlook.