diff --git a/CHANGES/1150.feature.rst b/CHANGES/1150.feature.rst
new file mode 100644
index 00000000..fbcb1f32
--- /dev/null
+++ b/CHANGES/1150.feature.rst
@@ -0,0 +1 @@
+Added :attr:`~yarl.URL.path_safe` to be able to fetch the path without ``%2F`` and ``%25`` decoded -- by :user:`bdraco`.
diff --git a/docs/api.rst b/docs/api.rst
index b9e950b5..b552e4f4 100644
--- a/docs/api.rst
+++ b/docs/api.rst
@@ -270,6 +270,23 @@ There are two kinds of properties: *decoded* and *encoded* (with
       >>> URL('http://example.com').path
       '/'
 
+   .. warning::
+
+      In many situations it is important to distinguish between path separators
+      (a literal ``/``) and other forward slashes (a literal ``%2F``). Use
+      :attr:`URL.path_safe` for these cases.
+
+.. attribute:: URL.path_safe
+
+   Similar to :attr:`URL.path` except it doesn't decode ``%2F`` or ``%25``.
+   This allows to distinguish between path separators (``/``) and encoded
+   slashes (``%2F``).
+
+   Note that ``%25`` is also not decoded to avoid issues with double unquoting
+   of values. e.g. You can unquote the value with
+   ``URL.path_safe.replace("%2F", "/").replace("%25", %")`` to get the same
+   result as :meth:`URL.path`. If the ``%25`` was unquoted, it would be
+   impossible to tell the difference between ``%2F`` and ``%252F``.
 
 .. attribute:: URL.path_qs
 
diff --git a/tests/test_url.py b/tests/test_url.py
index 45d70902..1dbdd80a 100644
--- a/tests/test_url.py
+++ b/tests/test_url.py
@@ -1,5 +1,5 @@
 from enum import Enum
-from urllib.parse import SplitResult
+from urllib.parse import SplitResult, quote, unquote
 
 import pytest
 
@@ -352,6 +352,42 @@ def test_path_with_2F():
     assert url.path == "/foo/bar/baz"
 
 
+def test_path_safe_with_2F():
+    """Path safe should not decode %2F, otherwise it may look like a path separator."""
+
+    url = URL("http://example.com/foo/bar%2fbaz")
+    assert url.path_safe == "/foo/bar%2Fbaz"
+
+
+def test_path_safe_with_25():
+    """Path safe should not decode %25, otherwise it is prone to double unquoting."""
+
+    url = URL("http://example.com/foo/bar%252Fbaz")
+    assert url.path_safe == "/foo/bar%252Fbaz"
+    unquoted = url.path_safe.replace("%2F", "/").replace("%25", "%")
+    assert unquoted == "/foo/bar%2Fbaz"
+
+
+@pytest.mark.parametrize(
+    "original_path",
+    [
+        "m+@bar/baz",
+        "m%2B@bar/baz",
+        "m%252B@bar/baz",
+        "m%2F@bar/baz",
+    ],
+)
+def test_path_safe_only_round_trips(original_path: str) -> None:
+    """Path safe can round trip with documented decode method."""
+    encoded_once = quote(original_path, safe="")
+    encoded_twice = quote(encoded_once, safe="")
+
+    url = URL(f"http://example.com/{encoded_twice}")
+    unquoted = url.path_safe.replace("%2F", "/").replace("%25", "%")
+    assert unquoted == f"/{encoded_once}"
+    assert unquote(unquoted) == f"/{original_path}"
+
+
 def test_raw_path_for_empty_url():
     url = URL()
     assert "" == url.raw_path
diff --git a/yarl/_url.py b/yarl/_url.py
index f506eac6..26da688a 100644
--- a/yarl/_url.py
+++ b/yarl/_url.py
@@ -226,6 +226,7 @@ class URL:
 
     _UNQUOTER = _Unquoter()
     _PATH_UNQUOTER = _Unquoter(unsafe="+")
+    _PATH_SAFE_UNQUOTER = _Unquoter(ignore="/%", unsafe="+")
     _QS_UNQUOTER = _Unquoter(qs=True)
 
     _val: SplitResult
@@ -710,6 +711,17 @@ def path(self) -> str:
         """
         return self._PATH_UNQUOTER(self.raw_path)
 
+    @cached_property
+    def path_safe(self) -> str:
+        """Decoded path of URL.
+
+        / for absolute URLs without path part.
+
+        / (%2F) and % (%25) are not decoded
+
+        """
+        return self._PATH_SAFE_UNQUOTER(self.raw_path)
+
     @cached_property
     def _parsed_query(self) -> List[Tuple[str, str]]:
         """Parse query part of URL."""