Enjoy a rewarding start in your new Retirement Living Plus home with your service charge covered for one year, plus a £500 Bistro Credit*. It's our way of helping you settle in and make the most of your new lifestyle.

*T&Cs apply
  • Available now

Over 60s retirement property for sale and rent in Olney, Buckinghamshire

Call 0800 201 4811 now or sign up for updates to find out more about these superb new retirement homes in Olney, Buckinghamshire.

This Retirement Living PLUS development in Olney is situated within wide open stretches of countryside, with Olney town centre just 0.6 miles away. You'll have the best of both worlds, with the River Great Ouse nearby offering an ideal location for beautiful walks, while the town offers a unique mix of independent boutiques and businesses.

You'll be able to enjoy the beautiful countryside views from your very own retirement property in Olney. Whether you purchase a one or two-bed apartment, the local countryside will surround you from all aspects.

Many of the apartments have walk-out balconies and our ground floor apartments offer private relaxing patio space, from which you can enjoy the stunning scenery. You can even experience the lifestyle at Penny House first-hand, by enjoying a free overnight stay with us.

What We Offer

Alongside our beautiful apartments, homeowners enjoy access to our bistro, offering fresh meals 365 days a year. With a seasonal menu & regular supper clubs, our homeowners love to spend their time catching up with friends and family over long lunches with a few glasses of wine! Penny House also benefits from a wellness suite is located on site, perfect for our homeowners to get pampered without having step outside.

Our well-maintained gardens are a real highlight, allowing you to relax and enjoy the outdoors without any upkeep. A full calendar of social events, from garden parties & coffee mornings to our very own Penny House Arms coming to life each Friday, is what makes Penny House such a friendly and welcoming community.

Location

Just a short stroll away from our new retirement homes in Olney you’ll find a bustling town centre with a good mix of independent shops, restaurants and cafés and there’s great range of facilities and fitness classes. The area also boasts excellent transport links with regular bus routes into Milton Keynes.

Retirement Living with a big PLUS

Our properties for sale, rent and Shared Ownership in Olney, Buckinghamshire offer you the complete privacy of your own spacious apartment, but with a friendly community outside your front door – and assisted living services to support you too.

Independence combined with support

  • There’s a friendly Estate Manager, Reggie & team 24/7, and with a secure camera entry system, you can enjoy complete peace of mind.
  • An hour’s domestic support each week is included – but you can have more if you want it.
  • Tailored personal care should you need it.

Apartments designed with you in mind

All these our apartments are cleverly designed with smart yet stylish features, like easy turn taps, to make life easier now and in the future. Low maintenance, warm and elegant, with the latest security and safety features built in, most of our homeowners enjoy cheaper bills. Parking is available and well-behaved pets are welcome!

Key development information

Penny House

View on map 1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS View on map

Opening hours: Tuesday to Saturday 10:30am–5pm

0800 201 4811

Purchase

  • 1 bed from £289,999
  • 2 beds from £399,999

Rent

  • 1 bed from £3,385 pcm
  • 2 beds from £4,600 pcm

See all properties and prices

Our service charge explained

Retirement Living PLUS benefits

  • Domestic support – one hour of cleaning (or similar) per week is included and we have a range of additional cleaning and laundry services available.
  • Low maintenance – with the bigger jobs, like gardening and window cleaning, taken care of there’s more time to enjoy the good things in life.
  • Tailored lifestyle support – if you need a helping hand now, or in the future, we can support you with personal grooming, shopping, convalescence and more.
  • Sociable – full independence in your own home, with your own front door, a welcoming community and lots of activities– so loneliness is never a problem.
  • Sociable – full independence in your own home, with your own front door, a welcoming community and lots of activities– so loneliness is never a problem.
  • Beautifully designed apartments – with lifts to all floors, walk-in showers, contemporary easy-to-use kitchens–and plenty of storage.
  • A chef-run bistro/restaurant – serving subsidised seasonal fresh food daily in a stylish and sociable setting. Friends and family are welcome too.
  • Shared space and amenities – including a guest suite to make hosting simple, a pampering wellness suite and lovely landscaped gardens.
  • Independent but secure – you’ll feel safe and sound with a 24/7 emergency alarm and friendly staff on-site day and night.

Development highlights

  • Buy outright or shared ownership purchasing options available allowing you to purchase an apartment for a 50% or 75% share
  • Beautifully landscaped gardens adorned with stunning flowers, complemented by a potting shed allowing you to nurture your passion for gardening
  • Enjoy evening cocktails, everyday socialising or lazy afternoons with friends in our stylish communal lounge
  • Chic Wellness Suite for onsite pampering, hair stylists & manicurists visit weekly
  • Chic Wellness Suite for onsite pampering, hair stylists & manicurists visit weekly
  • Hotel-style Guest Suite for loved ones to stay, making hosting a breeze
  • Onsite chef-run bistro with ever changing, delicious seasonal menus served daily
  • Friendly & supportive Estate Manager, Reggy and team onsite 24/7 for your peace of mind
  • Want to experience the lifestyle at Penny House? Book our try before you buy for a taste of just how good your next chapter could be!
  • Tailored domestic support and personal care available should you need it
  • Full calendar of activities every day of the week, including movie nights, Saturday quiz nights, yoga and seated aerobics.

Key features Key features for Penny House retirement properties

  • 24 hour staffing
  • Balconies
  • Bistro
  • Estates Manager
  • Guest suite
  • Communal lounge
  • Landscaped gardens
  • Lifts to all floors
  • Near the countryside
  • Wellness suite

Explore retirement properties at Penny House

Penny House interactive site plan

Interactive site plan

These retirement homes are available for sale and rent

We’ve got a choice of flexible options to suit your lifestyles and financial circumstances. Your friendly Sales Consultant can help you choose the right one for you, so you can start planning life in your lovely new home.

The properties at this development are leasehold properties with a term of 999 years from and including 01/01/2022

You can buy properties on this development. If you’d like to own your retirement property, we can help make the move as stress-free as possible, including support with packing and removals. If you have a home to sell, we can even act as a cash buyer, so you’ll avoid chains and estate agent fees.

That depends on your individual circumstances, but in many cases, service charges are lower than like-for-like costs in a previous property. Our research shows you could save over £2,300 a year on household bills in a McCarthy & Stone retirement apartment when compared to a typical home*. Read about how we can save money on your cost of living.

Call 0800 201 4811 or contact us online to find out more about our service charges.

*Typical net saving when running a McCarthy & Stone Retirement Living apartment when compared to the cost of running a typical home is £2,312 per year. Source: Internal research carried out by McCarthy & Stone, 2022. Based on information from Address Intelligence using a combination of census, EPC, and planning permission.

Usually people take between 12 to 16 weeks to complete the purchase of their new retirement home, but we will try to be as flexible as possible to suit your individual circumstances.

Once you’ve reserved your retirement property, it’s likely you’ll need to sell your current home. Part exchange means you'll have a cash buyer for your property, making the process quicker and easier.

Our Part Exchange offer includes:

  • Certainty: relax in the knowledge that you’ll move in on a set date and that the sale price is fixed.
  • Convenience: enjoy a stress-free way to sell your home without redecorating or having to prepare your home for viewings.
  • Access: to your sold property for up to two weeks after completion.
  • Financial benefits:  there is no need to pay for estate agent fees and we’ll provide up to £1,000 towards solicitor fees*.
  • A smooth move: our part exchange offer includes a free specialist removals service

Part Exchange in just 3 simple steps:

  1. Valuation:
    Three independent local estate agents and a surveyor will value your property.
  2. Offer:
    You’ll receive an offer from us based on these valuations. There’s no obligation to accept, and you may get a higher price on the open market. It’s up to you whether the benefits of part exchange outweigh this.
  3. Sold:
    Should you accept this offer, we’ll work with your legal representatives to finalise the contracts — and even contribute £1,000 towards your solicitor fees*.

*T&Cs apply. Read the full T&Cs.

We have an expert resales team for people selling our retirement properties, with an extensive database of customers waiting to move in. This helps us to sell faster and at a better price than traditional estate agents, and the majority of our resale prices increase in net value. View resale retirement homes.

You can rent a retirement home on this development. Renting is an easy, flexible and quick way to enjoy life in a McCarthy & Stone community. Did you know? When you rent the Service Charge is paid by the property owner, not by the tenant.

Reservation deposit* £150.00

An Assured Periodic Tenancy on a retirement rental gives you legal protection, meaning that if you abide by the conditions of your tenancy, you can live in the property for as long as you like. If you wish to move, you can serve two months at any time during your tenancy.

Contact us online or call 0800 201 4811 for more information about our retirement rentals.

If you’d like to move into a McCarthy & Stone retirement rental, we’ll ask you to complete a Rental Application Pack and an Income and Expenditure form. These give us the information we need to do standard background checks. You’ll be asked for proof of income, savings and/or pensions, along with copies of your last three months’ bank statements. You’ll also be asked to provide identification documents that comply with the latest Government Right to Rent regulations.

Contact us online or call 0800 201 4811 for more information about moving into our retirement rentals.

Yes. You pay a deposit to secure your rental retirement property which is offset against your first month’s rental payment. A Tenancy Deposit, equivalent to five weeks' rent, will need to be paid when your tenancy begins.

Contact us online or call 0800 201 4811 for more information about deposits.

All payments for our retirement rentals are due on the 1st of each month and must be paid by direct debit.

Contact us online or call 0800 201 4811 for more information about our retirement rentals.

How much is the service charge?

Buying?

Standard service charge model*

Pay a regular weekly cost and a 1% contingency fee when you sell your property.

  • £215.39 1 bedroom apartment
  • £278.90 2 bedroom apartment

Read more about service charge options or call us on 0800 201 4811

Renting with McCarthy & Stone?

Renting? Service Charge paid by the property owner, not by the tenant.

* Service charge cost per week, reviewed annually. Examples show prices available at this development.

Your service charge covers the services and amenities you enjoy at this development for a safe, comfortable, sociable and happy retirement. It includes things like wages for your on-site team, security systems and keeping communal spaces and gardens spick and span—and it’s all provided at cost price.

augustus house retirement properties for sale rent

What is included in the service charge

  • Electricity, heating and lighting (communal areas)
  • Water and sewage (communal areas and apartments)
  • Professional fees
  • Maintenance of building and gardens
  • Emergency call system
  • Building insurance
  • Income from Guest Suite and sundry income
  • Development staff
  • Future maintenance fund
  • Restaurant
  • Domestic assistance
a living room with a couch and a table

You could save thousands of pounds with a move to McCarthy & Stone

From savings on household bills, to avoiding the cost of home adaptions and renovations, with care on hand so you live independently for longer.

Find out more

Key features of our retirement properties

Frequently asked questions

Find out more with our FAQs. Still got a question? Call our friendly team on 0800 201 4811 or get in touch online.

Retirement Living PLUS allows you to lead an independent lifestyle with optional assisted living facilities on hand if you need them. Exclusively for those aged 70 and over, you’ll benefit from luxurious and low-maintenance retirement apartments in fabulous UK locations, alongside an on-site restaurant/bistro, a manager on-site 24-hours and the option of bespoke domestic and personal care packages.

Exclusively for those over 70, Retirement Living PLUS developments provide an independent lifestyle with assisted living facilities and additional lifestyle and care services as and when you need them. There’s an on-site restaurant/bistro providing delicious meals every day in a sociable environment and a member of our management team is on-site 24 hours-a-day, 365 days a year to provide reassurance.

  • An hour’s domestic assistance every week is included in the service charge. This is for light cleaning of your apartment. We also offer a range of additional services on a pay as you go basis such as laundry and bedding change, shopping and general errands including prescription collection, help with technology and paperwork and lots more. For those who may need it, we can provide personal care and support packages, these are individually tailored to suit your needs, and can cover any aspect of personal care. We are also here if you’d like and extra companionship or to escort you to your favourite activities. We are registered with the Care Quality Commission and our rates are highly competitive and our staff team fully trained and supervised.
  • Care and support services are delivered by our staff who are employed on-site.
  • You only pay for additional care and support when you  need it. We understand things change in life so you can dial up or down the support you receive from us at any time, putting you in control.

We can arrange a private and confidential Wellbeing Assessment to put a personalised support  plan in place, which means you have all the care and support you need from the moment you move in. Talk to us on 0800 201 4811 or get in touch online to find out more about our flexible care and support packages.

Our Retirement Living PLUS assisted living properties include ‘hidden care’ designed so people can age in place in style and comfort. This includes telecare technology so if you choose, we can remotely monitor your wellbeing without being intrusive to your privacy.

Our apartments are designed with waist-height ovens and plug sockets, slip-resistant flooring, hearing loops for the TV and lever taps in the bathrooms, as standard. Our retirement properties are also designed to be usable by people with mobility aids/walkers as well as being easily adapted to be wheelchair users. It’s also just as important that the homes look beautiful and feel homely. We design homes people feel proud and happy to live in where any adaptations are as discreet as possible.

To make life easy:

  • There are lifts to all floors
  • Apartments are fitted with personal emergency alarms, as well as integrated fire alarms and camera entry systems.
  • As well as having a contemporary kitchen in their own apartment, customers can eat at the bistro-style restaurant on-site.
  • There are sociable shared areas, including a homeowners’ lounge, function room and maintained gardens.
  • Our sites offer a calendar of events, clubs and activities to suit all interests.
  • Having guests and relatives stay over is easy as they are welcome to stay overnight in our guest suites.
  • One hour of domestic assistance per week is included in the service charge.
  • Have the security of knowing additional care and support is available from our in-house staff teams, if any, when you want it. 
  • There are staff on-site 24/7 day and night, so always someone here should you need help.

Service charges cover the day-to-day costs of management and maintenance within our retirement developments, such as the heating and cleaning of communal areas, buildings insurance and redecoration. They are tightly regulated by national legislation and must relate to the management services provided within the development, not to construction or repair costs. Our service charges are ‘pass through’ costs which we do not mark up in any way. They are the costs of running your development.

Our service charge varies from development to development reflecting their different sizes and facilities, but they are calculated in the same way across the country.

Costs in Retirement Living PLUS developments are higher than in Retirement Living developments to reflect the increased staffing costs, the provision of care and lifestyle support packages, and the table-service restaurants/bistros provided on-site.

Call 0800 201 4811 or contact us online to find out more about our service charges.

Yes. Most of our retirement developments are more than happy for you to move in with a well-behaved pet – most of our retirement rentals are pet friendly too. Call 0800 201 4811 for details, contact us online or read more about our pet-friendly policy.

Meet the team at Penny House

a person with long hair

Charlotte

Sales

I became a part of McCarthy and Stone in early July 2023, and I am delighted with the choice I made. I began my career in the new homes sector in 2008 and have worked alongside many developers. McCarthy and Stone are a reputable builder, and their retirement living options are genuinely outstanding, providing a fulfilling and joyful retirement experience. It is a privilege to represent McCarthy and Stone and to provide solutions for retirement living.

a large building with a tower

Retirement living in Olney

According to The Times, Olney, Buckinghamshire, is one of the best places to live in the UK - and it’s easy to see why it’s so popular. 

As well as historic architecture, Olney has a flourishing retail scene and a gorgeous country setting. It boasts great transport links, cultural attractions, access to amenities including shops, eateries and healthcare and a safe environment. This market town’s fascinating history includes: 

  • It is the source of the hymn Amazing Grace
  • It holds an annual pancake race, a dating back more than 500 years. 
  • It has Roman origins and is mentioned in the Domesday Book of 1086. 
  • The town has played a key role in the agricultural, lace-making, and brewing industries over the centuries. 
More information about Olney

Community news

From homeowner stories to events and fundraising, read the latest news from in and around Penny House.

What's on at Penny House

Join us for our upcoming events

Summer Garden Party

Whether you’re just starting to explore your next move or have already fallen in love with one of our stunning homes, this is the perfect opportunity to see what life could be like.

Chat with our welcoming homeowners, explore our beautifully designed properties, and see for yourself why so many say, “I only wish I’d moved sooner.”

Summer Garden Party

a group of people gather around a table
, to
1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS

Join us and enjoy live music and light refreshments at our Summer Garden Party and experience firsthand the community spirit that makes Penny House so special.

Whether you’re just starting to explore your next move or have already fallen in love with one of our stunning homes, this is the perfect opportunity to see what life could be like.

Chat with our welcoming homeowners, explore our beautifully designed properties, and see for yourself why so many say, “I only wish I’d moved sooner.”

Special offers

Find the latest promotions and seasonal special offers here

a group of people sitting at a table with food

Summer Moving Offer: Service charge covered for a year

Enjoy a rewarding start in your new Retirement Living Plus home with your service charge covered for one year, plus a £500 Bistro Credit*. It's our way of helping you settle in and make the most of your new lifestyle.

a couple of women eating at a table

Part Exchange for a fast and hassle-free sale

With Part Exchange, you'll have a cash buyer for your home. There’s no estate agent fees and no chains. Just a guaranteed sale at a great price - so you could be enjoying the McCarthy & Stone lifestyle sooner.

To find out more please call 0800 201 4811.

Smooth Move

Smooth Move

Nobody expects moving home to be easy, but we’re here to help you every step of the way; from the moment you make a reservation, through to the day you move in. Our Smooth Move service ensures everything goes like clockwork, which includes helping with the cost*.

To find our more please call 0800 201 4811.

a bed with a lamp on the side

Apartment of the Month - Apartment 44

Apartment 44 is our apartment of the month.This fantastic apartment is sold as seen – fully furnished and ready to move in.

Call today to book your appointment and avoid disappointment.

a living room with a bed and a table

Enjoy a free overnight stay

If you’ve been wondering what life is really like at a McCarthy & Stone development, why not give it a try?

Try Before You Buy and experience the lifestyle with a free overnight stay. It’s great if you want to experience first-hand what life in a McCarthy & Stone retirement development really feels like.
You’ll have full use of the apartment and communal facilities and we’ll provide a delicious continental-style breakfast. You'll also have plenty of opportunities to meet our lovely homeowners and friendly team including the House Manager.
 
Call 0800 201 4811 to speak to our team about your stay.

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Please note that images are for illustrative purposes only. Images may include upgrades and optional extras which may be available for you to purchase at an additional cost. Please click here for further explanations. Floor plans and pricing are accurate at time of publication. Floor plans are for guidance purposes only and are subject to change. Prices may fluctuate depending on market conditions and availability.