Letting agents in Melbourne
Full management for landlords in Melbourne, from our office on Friar Gate in Derby. 8% of the rent, no set-up fee and no VAT. We find and reference the tenant, collect the rent, inspect the property and keep your paperwork right.
Rents in South Derbyshire
Average monthly rent by number of bedrooms, September 2026.
Office for National Statistics, Price Index of Private Rents. Covers new and existing tenancies across the South Derbyshire council area, which includes Melbourne. New lets often achieve more.
Get a rent estimate for your propertyRental yields in Melbourne
What a typical home costs to buy in Melbourne, what it rents for, and the gross yield.
| Type of home | Median sold price | Average rent a month | Gross yield |
|---|---|---|---|
| Detached house | £402,475 | £1,170 | 3.5% |
| Semi-detached house | £314,250 | £933 | 3.6% |
| Terraced house | £235,000 | £875 | 4.5% |
Sold prices: HM Land Registry, Melbourne, the 12 months to the end of July 2026. Rents: ONS, South Derbyshire, September 2026. Gross yield is a year's rent divided by the price, before any costs. Buying to let? Option Finance arranges buy to let mortgages, with no broker fee if you are buying or selling with us.
What full management costs in Melbourne
On the average rent of £888 a month.
Option Estates
£852
in the first year. 8% of the rent, no VAT, no set-up fee, nothing extra for inspections, notices or renewals.
Typical high street
£1,759
in the first year at 12% including VAT plus a £480 set-up fee, before extra charges.
Comparison uses the published fully managed fees of a national agency's Derby branch, checked 22 October 2026.
Included for every Melbourne landlord
- Marketing with professional photos and a live walk-through video on our social media.
- Referencing and right to rent checks on every tenant.
- Rent collected and paid to you each month, with statements in your landlord portal.
- Check-in, check-out and regular inspections, with photos in your portal.
- Gas safety, electrical and EPC reminders before anything runs out.
- Rent reviews, notices and renewals done properly under the Renters' Rights Act.
What tenants look for in Melbourne
Good transport and good schools keep homes let and tenants staying longer.
Flights
East Midlands Airport is about five miles east.
Buses
Arriva Midlands runs the bus service.
Trains
Melbourne's station closed in 1930 and the old line is now a footpath.
Schools
- Melbourne Junior School, junior, Ofsted continues to be a good school
- Melbourne Infant School, infant, Ofsted expected standard in every area
Selling instead? See sold prices and our sales service in Melbourne.
Questions landlords in Melbourne ask
How much rent can I get for a two bedroom home in Melbourne?
The average rent for a two bedroom home in the South Derbyshire council area was £806 a month in September 2026, from Office for National Statistics figures. New lets often achieve more than the average, and condition, parking and the exact street all make a difference. Our free rent estimate gives you a starting figure.
What does a letting agent cost in Melbourne?
With Option Estates, full management is 8% of the rent with no VAT and no set-up fee. On the average rent in the South Derbyshire council area of £888 a month, that is £852 for the first year. At 12% including VAT plus a £480 set-up fee, the first year would cost £1,759.
What rental yield can I get in Melbourne?
Using the average rent for the South Derbyshire council area and the median sold price in Melbourne, terraced houses give the highest gross yield, at about 4.5%. That is before costs such as the mortgage, repairs, insurance and management. Yields vary a lot from street to street.
Do you offer tenant find only in Melbourne?
No. We only offer full management, because we stand behind the tenant we choose for the whole tenancy. That includes rent collection, inspections, repairs, certificate reminders and keeping your paperwork right under the Renters' Rights Act.