The Scotlands Knighton Park Road, Stoneygate, Leicester, LE2
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 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
Description
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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Scotlands Knighton Park Road, Stoneygate, Leicester, LE2
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
About Oliver Rayns, Leicester
106 Queens Road, Clarendon Park Leicester, LE2 3FL
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference OLR250406. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Oliver Rayns, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.