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4 bed semi-detached house
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Price History
Our Summary
- Planning Approved For Two Flats
- Currently generating £37,080 per annum from long-standing tenancies, the property offers significant rental uplift potential
- A distinctive investment combining period character, dependable income, and clear scope for expansion in the highly sought-after Stoneygate location
- Importantly, these rents are based on historic agreements, suggesting significant potential for uplift on renewal or re-letting
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Description
The property is a Victorian freehold consisting of four self-contained apartments on Knighton Park Road, with approved planning permission to add two further one-bedroom flats. The existing four flats are currently generating £37,080 per annum in rent, with the potential for significant rental uplift on renewal or re-letting. The property is located in the highly sought-after Stoneygate area, near local amenities, including independent shops and cafes, and has access to excellent local schooling options and transportation links.
The property also offers flexibility for owner-occupiers or landlords, allowing for the potential to retain one flat while generating income from the rest.