This Victorian freehold property on Knighton Park Road in Stoneygate, Leicester, offers a unique investment opportunity. The property is currently configured as four flats, generating an annual rent of £37,080, with a gross yield of 5.3%. The rents are based on historic agreements, providing significant potential for uplift on renewal or re-letting. The property has approved planning permission to add two further one-bedroom flats, which would increase the total rent to £52,680 per annum and the yield to 7.5%. The property is located in a sought-after area, close to independent shops, cafes, and excellent local schools, with the city centre, university, and mainline railway station within easy reach. This property offers flexibility for owner-occupiers or landlords, providing a strong income stream and potential for long-term capital growth.