2-bedroom flat
For saleListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £150,000 – £170,000 Situated on the top floor within the sought-after Lethe Grove development, this well-proportioned two double bedroom apartment offers bright, spacious accommodation in a highly convenient location-ideal for first-time buyers, investors, or those looking to downsize.
The property boasts a light and airy feel throughout, with two generous double bedrooms, both enjoying large double-glazed windows.
The kitchen is well-equipped with a good range of worktop and storage space, along with integrated appliances, making it perfectly suited to modern day-to-day living.
A particular highlight is the wide and welcoming entrance hallway, enhancing the sense of space and offering additional scope for storage or furnishings.
The accommodation is completed by a well-appointed bathroom fitted to a good standard.
Externally, residents benefit from well-maintained communal grounds, providing pleasant green surroundings, along with ample off-road parking.
A secure, brick-built storage shed adds further practicality-ideal for bikes or additional storage.
Positioned to the south of Colchester, Lethe Grove offers excellent access to local amenities, schooling and transport links, including easy routes to the city centre and A12, making it especially appealing for commuters.
Adding to its appeal, the property is also set to benefit from a lease extension, making this an excellent opportunity to acquire a spacious apartment in a sought after location.
EPC Rating: C Disclaimer These particulars are for guidance only and do not form part of any offer or contract.
All measurements, images and floor plans are approximate and for illustrative purposes only. Services, appliances and systems have not been tested and no warranty is given as to their condition.
Buyers and tenants must rely on their own inspections, surveys and legal enquiries to verify all material information that is important to them.
Anti-Money Laundering (aml) Verification Oakheart is required to undertake identity and compliance checks in line with UK Anti-Money Laundering (aml) legislation.
These checks apply to all sellers, purchasers and landlords as part of our sales and lettings procedures.
To facilitate this process, we use Landmark, an independent third-party provider that carries out the necessary verification checks on our behalf. A fee of £24.00 inclusive of VAT per person applies.
All relevant checks must be completed and verification confirmed before we can progress with the associated sale or letting.
**Agent’s Note: Anti-Money Laundering (aml) Verification** Oakheart is required to undertake identity and compliance checks in line with UK Anti-Money Laundering (aml) legislation.
These checks apply to all sellers, purchasers and landlords as part of our sales and lettings procedures.
To facilitate this process, we use Landmark, an independent third-party provider that carries out the necessary verification checks on our behalf. A fee of £24.00 inclusive of VAT per person applies.
All relevant checks must be completed and verification confirmed before we can progress with the associated sale or letting.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 33 Lethe Grove, Colchester
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