We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · CO2 8RQ
Listing removedListed 342 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lethe Grove, South Colchester, CO2 – Well-Proportioned Three Bedroom Terrace Home | No Chain A fantastic opportunity to acquire a well-proportioned three-bedroom mid-terrace home situated in a popular residential area to the south of Colchester, offered with no onward chain.
Location: Lethe Grove is ideally positioned for a range of local amenities. Friday Woods and its surrounding green spaces are close by, offering scenic walks and outdoor leisure opportunities.
The property benefits from strong transport links, with regular bus services to Colchester city centre and convenient access to the A12.
Several well-regarded primary and secondary schools are within easy reach.
A short drive takes you to Tollgate Retail Park for a wide range of shopping and dining options, while Mersea Island is also nearby—perfect for coastal walks, beaches, seafood restaurants, and water-based activities.
Accommodation: The property offers an entrance hall leading to a spacious living room, followed by a well-appointed kitchen/diner.
A useful utility area opens into a versatile sun room, ideal as an additional dining area, play room, or garden room, with direct access to the rear garden.
Upstairs provides two comfortable double bedrooms and a third single bedroom, perfect for a child’s room, home office, or dressing room.
Outside: The rear garden is private and enclosed, offering a practical outdoor space. On-street parking is available in the immediate vicinity.
Viewings are available upon request and strictly by appointment.
Entrance Hall Living Room 10' 9" x 17' 0" (3.28m x 5.18m) Kitchen/Breakfast Room 16' 9" x 10' 7" (5.11m x 3.23m) Utility Room 11' 6" x 6' 7" (3.51m x 2.01m) Dining Room 11' 3" x 9' 5" (3.43m x 2.87m) Landing Master Bedroom 13' 4" x 11' 6" (4.06m x 3.51m) Bedroom Two 10' 7" x 9' 10" (3.23m x 3.00m) Bedroom Three 9' 3" x 7' 5" (2.82m x 2.26m) Bathroom 7' 4" x 5' 7" (2.24m x 1.70m)
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Lethe Grove, Colchester, CO2
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