4 bed semi-detached house for sale

Knighton Park Road, Stoneygate, Leicester LE2

A Victorian freehold comprising four self-contained apartments, with planning consent in place for two additional 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.

A handsome Victorian freehold of four apartments 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.

Anti-Money Laundering (aml) Requirements
In accordance with current Anti-Money Laundering and Proceeds of Crime legislation, all buyers are required to complete identity and verification checks. These checks are carried out on our behalf by Hipla, our approved aml provider. Once an offer is accepted, Hipla will contact you directly to complete the required verification. A fee of £60 inclusive of VAT per person applies to cover the cost of these checks. This fee is payable directly to Hipla and must be completed before a Memorandum of Sale can be issued. The fee is non-refundable and applies even if the transaction does not proceed.

General Information
These particulars are intended as a guide only and do not form part of any offer or contract. While we endeavour to ensure the accuracy of the information provided, we have not tested any services, appliances, or equipment, and no warranty is given as to their condition or functionality. Prospective purchasers are advised to inspect the property thoroughly and to commission appropriate surveys and professional reports before exchange of contracts. Photographs, floor plans, and measurements are provided for guidance only and should not be relied upon as exact.

Referrals and Introductions

Oliver Rayns Estate Agents may receive a referral fee or other benefit for introducing clients/customers to third-party service providers, including mortgage advisers, conveyancers, and surveyors. You are under no obligation to use any recommended provider, and any referral does not affect the price you pay for those services.