2-bedroom flat · CO2 8RQ
Sold STCListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Boydens are delighted to present to the market this spacious second-floor apartment, ideally situated to the south of Colchester in the ever-popular and leafy Lethe Grove.
The property is accessed via a double-glazed entrance door leading into a generous hallway, which benefits from multiple built-in storage cupboards.
To the left, you will find the family bathroom, offering a practical layout with scope for modernisation. The kitchen is well-proportioned and provides ample work surfaces and storage units.
It is offered complete with appliances, which the vendor has agreed to include within the sale.
The spacious lounge/dining room is a particular highlight, featuring large windows that overlook the well-maintained communal grounds and allow for an abundance of natural light.
Both bedrooms are well-sized doubles, with the second bedroom further benefiting from a fitted wardrobe.
The property is offered to the market chain free, presenting an ideal opportunity for first-time buyers or investors alike.
Externally, residents enjoy access to attractive communal gardens, perfect for relaxing during the summer months — a valuable feature not commonly found with many apartments.
There is also a large communal drying area and an additional external storage cupboard.
Lethe Grove is conveniently positioned just off Berechurch Hall Road, to the south of Colchester — Britain’s oldest recorded town — providing excellent access to Colchester City Centre and the mainline railway station.
The area benefits from a wide range of local amenities including shops, takeaways, convenience stores, a public house, nurseries and schools, making this property superb value for money.
Friday Woods is also just a short distance away, offering picturesque woodland walks and outdoor leisure opportunities.
ENTRANCE HALLWAY - 4'3'' x 6'1'' (1.3m x 1.9m) BATHROOM - 6'7'' x 5'5'' (2m x 1.7m) KITCHEN - 10'4'' x 8'7'' (3.1m x 2.6m) BEDROOM - 2 - 9'4'' x 9'10'' (2.8m x 3m) LOUNGE - 15' x 12'3'' (4.6m x 3.7m) BEDROOM - 1 - 9'8'' x 12'3'' (2.9m x 3.7m INNER HALLWAY - 13'1'' x 3'11'' (4m x 1.2m) AGENT NOTE- Local Authority – Colchester City Council.
Broadband Availability –Ultrafast Broadband available with speeds of up to 1000 Mbps (details obtained from Ofcom Mobile and Broadband Checker) – February 2026 Mobile Coverage - It is understood that the best available service in the area is provided by THREE with 82% performance.
VODAFONE, O2 and EE all also cover the area with slightly lower performance ratings.
(details obtained from Ofcom Mobile and Broadband Checker) February 2026 Utilities - Mains Electric /Mains Gas Heating /Mains Water /Mains Sewerage.
Construction Type - We understand the property to be of Traditional Construction of brick.
Flood Risk - Data Taken from Gov.UK Flood Map – checked February 2026 - The property is at a very low risk of flooding.
Planning Applications in the Immediate Locality - checked February 2026 - We are not aware of any planning applications in the immediate locality.
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to current laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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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About Lethe Grove, South Colchester
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