Faded - yet it's over coloured! (5)

I believe the answer is:

tired

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'faded yet' is the definition.
'tired' can be an answer for 'faded' (thesaurus). I am unsure of the 'yet' bit.

'it's over coloured' is the wordplay.
'over' is a reversal indicator.
'coloured' becomes 'red' (similar in meaning).
'it' in reverse letter order is 'ti'.
'ti'+'red'='TIRED'

Can you help me to learn more?

(Other definitions for tired that I've seen before include "Worn-out" , "Worn out" , "Ready to drop" , "Whacked" , "getting bored" .)

I've seen this clue in the Evening Standard.

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