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 work2-bedroom house · SN8 1YU
Listing removedListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Awaiting EPC and floorplan *** 22 St Lukes Court is a well presented two bedroom winghouse situated within beautiful estate grounds.
The property is located on a purpose-built retirement development for the over 55s.
Management services are provided by Cognatum Estates, a not-for-profit organisation and one of the UK's leading companies in retirement housing.
At its centre, St Luke’s has an impressive Grade II building with an interesting history.
Built in a cruciform pattern in Bath stone in 1837 as a workhouse for 180 inmates, it became a children’s hospital and then a school, before its final transformation into luxury accommodation.
There are other cottages of complementary architecture, together forming four individual garden squares, each with a different theme, including one a herb garden.
St Luke’s overlooks the Marlborough Downs and is just a short walk from the centre of the town.
The vibrant market town of Marlborough is a place of enormous provincial charm, known for its broad high street of timber-framed buildings and Georgian architecture, which testify to the prosperity it has enjoyed over the centuries.
The town has an excellent array of shops, with high-street brands, designer boutiques and antique shops in abundance, and many excellent pubs and restaurants, including Rick Stein.
There is also a twice-weekly market and a monthly farmers’ market.
Close by is the ancient Savernake Forest, one of the largest and oldest forests in England, which offers wonderful walks and glorious scenery.
When you want to enjoy a day out in a larger town, you'll find Swindon, Chippenham, Newbury and Bath all less than one hour away.
Cognatum Estates maintains, repairs and insures all the buildings, arranges the window cleaning and refuse collection and tends to the gardens and grounds thereby freeing owners and residents from these responsibilities.
There is a personal alarm system in each property and resident estate managers are on hand to provide support and help when needed, making this an ideal 'Lock Up & Leave' property.
There is a laundry facility on site and a guest suite provides comfortable accommodation for family and friends. A minibus is available to take residents on regular shopping and other trips.
The cost of providing these services is shared equally between all properties. There are no restrictions on owning a property except that one resident must be over 55 years of age.
150 year lease (from 1998). No ground rent. Please Note: Upon resale of the property, Cognatum Estates management company charge £500 plus VAT for the leasehold pack, payable by the vendor.
For viewings please contact the Estate Manager /
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
Agent & docs

FAQ
About 22 St Lukes Court, Hyde Lane, Marlborough
Explore nearby