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4 bed property, in Knighton Park Road, £680,000
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4 bed semi-detached house

Knighton Park Road, Stoneygate, Leicester LE2
Planning
£680,000

Price History

Initial price £700,000
Current price £680,000
Price Change 0.0%

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.