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Knighton Manor, Knighton Drive, Stoneygate - Image 1
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Knighton Manor, Knighton Drive, Stoneygate

East Midlands

£585,000
Listed on 11/02/2026

Property Details

Bedrooms
5
Type
Terraced house
Area
2168 sqft

Description

This period property presents a significant investment opportunity with the potential for conversion into self-contained flats, subject to obtaining the necessary planning permissions (STPP). Retaining much of its original charm across three levels, the home features spacious accommodation that is perfect for reconfiguration. The ground floor boasts two impressive reception rooms with high ceilings and fireplaces, creating an inviting atmosphere for family gatherings or social events. A bright kitchen/dining area overlooks the garden and offers ample space for modern updates. Additionally, there is a side lobby leading to a utility room and WC, as well as internal access to a garage. On the first and second floors, five bedrooms are arranged, including a principal suite with an en-suite shower room. The family bathroom is functional and well-sized, catering to both residents and potential tenants. The upper level enjoys characterful elements like skylights and feature fireplaces. Externally, the property features a front forecourt offering privacy through established hedging, while the rear garden provides a delightful lawn area with mature planting—ideal for landscaping enhancements. The detached garage at the rear can serve various storage needs or parking requirements. Given its generous size and layout, this property holds excellent potential for generating rental income in an area with high demand from professionals and students. Previously yielding around £2,000 per month in rental income, it stands out as an attractive prospect for buy-to-let investors. Strategically located near Leicester city centre and popular areas such as Stoneygate and Clarendon Park, this property is surrounded by essential amenities including universities, parks, and hospitals—further solidifying its appeal in the rental market.

Investment Analysis

(LE2 area)

Below Market Value

This property is priced -3.9% below area average per sq ft

-3.9%
Potential saving
This Property
£270/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£669,533
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (LE2)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -0.4%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on LE2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Knighton Manor, Knighton Drive, Stoneygate
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,110
Based on a loan of £438,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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