- Freehold Victorian Conversion +
- Planning Approved For Two Flats +
- Four Existing Income-Producing Units +
- Annual Rent £37,080 (Historic Rents) +
- Potential Yield Increase To 7.5% +
- Character Features Throughout +
- Sought After Location Of Stoneygate +
- Investment With Clear Growth Potential +
- Driveway For Several Vehicles +
Victorian freehold with planning for two more flats. Current annual rent £37,080 based on older agreements, offering strong uplift potential. A unique investment blending period charm, reliable income, and scope for expansion in sought after Stoneygate.
A handsome Victorian freehold on Knighton Park Road with approved planning (Application No. 20240777) to add two further one bedroom flats.
Currently configured as four units, it combines period charm with income potential, making it an exceptional investment proposition.
The existing four flats generate £37,080 per annum in rent, equating to a 5.3% gross yield at the £700,000 purchase price. Importantly, these rents are based on historic agreements, suggesting significant potential for uplift on renewal or re-letting. With the additional flats built, the projected total could rise to £52,680 per annum, increasing yield to 7.5% and enhancing both income and long-term capital value.
This property offers flexibility to either owner-occupiers looking to retain one flat while generating income from the rest, or landlords seeking a high-performing rental portfolio in Stoneygate Leicester.
Just a short stroll away you can visit Allandale Road and Francis Street, home to independent boutiques and artisan coffee shops. The city centre, University of Leicester, Leicester Royal Infirmary, and mainline railway station—offering direct access to London St Pancras—are all within easy reach. Local schooling options are exceptional, with both Leicester Grammar and Stoneygate School nearby, alongside highly regarded state options.