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Knighton Grange Road, Leicester LE2

East Midlands

£1,700,000
Listed on 26/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This is a unique development opportunity situated on one of the most desirable streets in Leicester, Knighton Grange Road. With full planning permission already granted for two spacious, architecturally designed family homes, this site offers a total gross internal area of 1,315 m² across a generous plot size of 1,971 m². The approved plans include two high-specification residences that are tailored to meet modern living standards while being integrated into the character of this exclusive locale. The site is well-placed within proximity to top-rated independent schools, parks, and major transport links including Leicester city centre and railway services to London. Both plots are designed with attention to detail using traditional materials in a contemporary style. Each dwelling comes with its own landscaped gardens and innovative features such as wellness rooms and extensive living spaces. Investors can benefit from this well-documented opportunity which includes comprehensive architectural plans and a biodiversity net gain strategy. This project is suitable for developers looking to capitalize on the high demand for premium housing in a sought-after area.

Investment Analysis

(LE2 area)
Area Average
£281/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£400,000 - £600,000
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 Grange Road, Leicester LE2
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£6,131
Based on a loan of £1,275,000 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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