I suspect the photo is taken from Upperton road bridge looking towards the GCR Goods shed and the location that became Frank Berry’s scrap yard.
The river Soar was re-aligned slightly to pass under the bridge that is in the foreground and join the straight, canal section to the right. The King Power stadium would be off in your 4 o’clock position where the river and canal meet at the weir by the West stand.
It’s pretty hard to interpret from a combination of Google maps and a plan of the old GCR formation from the archive. https://www.railwayarchive.org.uk/track-plans?doc=20 so if I’m incorrect I standby to be corrected…..
I suspect the photo is taken from Upperton road bridge looking towards the GCR Goods shed and the location that became Frank Berry’s scrap yard. The river Soar was re-aligned slightly to pass under the bridge that is in the foreground and join the straight, canal section to the right. The King Power stadium would be off in your 4 o’clock position where the river and canal meet at the weir by the West stand. It’s pretty hard to interpret from a combination of Google maps and a plan of the old GCR formation from the archive. https://www.railwayarchive.org.uk/track-plans?doc=20 so if I’m incorrect I standby to be corrected…..