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1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS View on map
Opening hours: Tues - Sat 10:30 - 17:00
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Why Penny House, Olney?

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.

Rolling Countryside

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.

Everything you could ask for!

As well as owning your own property and benefiting from a stylish homeowners' lounge and a beautifully landscaped and well-maintained garden, you'll receive the extra care and support you need. Our care packages are completely flexible and will be tailored to your individual needs. A team of trained staff will be on hand 24 hours a day, led and overseen by a dedicated Estates Manager. And, with a 24-hour emergency call system and a camera entry system, we've got your safety and security covered. Plus, with a bistro on site, and even a salon, you won't need to leave the development estate if you don't feel like it.

Conveniently situated close to local amenities

The local area offers everything you could need and more. As well as a large supermarket on the doorstep, in which you'll also find an Argos, the town centre is reachable within a 15-minute stroll. There's also a bus stop directly outside the development. And, from Milton Keynes Central, you can reach London by train in just 40 minutes. 

Shared Ownership, what is it and how does it work? 

McCarthy Stone Shared Ownership is run in conjunction with Homes England and we work closely with them to provide this opportunity. With this scheme you can pay up to 75% of the full property value, and if you own 75% there's no rent to pay on the rest.

It's not charity, it's not a handout, it's just what you deserve to help you make the most of your retirement. After a lifetime of looking after others, it's your time now.

"It's an excellent option, we honestly didn't think we would ever be able to live here"

Mr & Mrs Craven - McCarthy Stone Homeowners

Development Highlights

  • Lovely, landscaped gardens for evening cocktails and lazy afternoons with friends and a stylish communal lounge for parties, events and everyday socialising
  • Chic Wellness Suite for onsite pampering and hotel-style Guest Suite to make hosting a breeze
  • Onsite chef-run bistro with ever changing seasonal menus, plus barista coffee and cake
  • Estate Manager, Sara onsite 24/7 for your peace of mind, plus tailored domestic support and personal care should you need it
  • Gorgeous low maintenance and energy-efficient retirement properties to buy – balconies, patios and/or onsite parking available for selected properties
  • Tailored domestic support and personal care available should you need it
  • Full calendar of activities every day of the week, including Friday nights at the Penny Arms!

Key Features

  • 24 icon
    24 hour staffing
  • Balcony icon
  • Bistro
  • face icon
    Estates Manager
  • bed icon
    Guest suite
  • sofa icon
    Communal lounge
  • Flower icon
    Landscaped gardens
  • lift icon
    Lifts to all floors
  • leaf icon
    Near the countryside
Retirement Living PLUS

What is Retirement Living PLUS?

Exclusive to the over 65s, you’ll enjoy your own private apartment with thoughtful assisted living services on the doorstep, including a subsidised restaurant and optional personal care packages.

Find out more >

Interactive Site Plan

Our interactive site plan allows you to easily find available retirement properties. Click the tabs to view each floor. You'll see that one-bedroom homes are in yellow and two-bedroom homes are in purple. When you click on a property, you'll find out whether it is available for sale, rent or shared ownership, as well as pricing. Click on 'view property' to find out more. Retirement homes shown in red are already reserved, sold or rented out, but may be available on our Resales website.

Explore properties

Occupancy options

Found a property that takes your fancy? Find out more about the practical details including information on service charge and FAQS.

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.

Retirement Living PLUS at McCarthy Stone

Watch: Retirement Living PLUS at McCarthy Stone

Penny House

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Join us at one of our events

  • 28 Jun
    a group of women laughing
    14:00 - 16:00

    Join us for Laughs in the Lounge!

    28th Jun
    Penny House, 1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS

    Join us for an afternoon of laughs in the lounge at Penny House with comedian Bob Sinfield, who spent 25 years scripting every star on the box, from Lenny Henry and Jasper Carrott to Tracey Ullman and Rory Bremner. 

    You’ll have the opportunity to share this afternoon with our wonderful homeowners who get to call Penny House home.

    Friends and family are also welcome.

  • 12 Jul
    ladies enjoying lunch in the bistro
    10:30 - 11:30

    Join us for Breakfast Club!

    12th Jul
    Penny House, 1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS

    Do you fancy a taste of the wonderful lifestyle we have here at Penny House?

    Join us for Breakfast with our welcoming homeowners in our Bistro, where freshly prepared hot meals are served daily by our professional chef.

    You’ll have the opportunity to experience the lifestyle for yourself and to take a tour of our beautifully designed one and two bedroom show apartments on the day.

    Call 0800 201 4811 to book your place or simply click below.

    Book by appointment only

  • 17 Aug
    13:00 - 16:00

    Summer Garden Party

    17th Aug
    Penny House, 1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS

    We’d love for you to join us at our Summer Garden Party.

    We’ll welcome you with drinks, snacks and live entertainment.

    You can meet some of the Owners' already calling Penny House home and our friendly team will be on hand to give you the grand tour and to answer any questions you may have.

    This event is hugely popular so please RSVP as soon as possible to secure your place.

    Please call to book an appointment on 0800 201 4811 or use the Book Now in the events section below.

Ted and Shirley Kemp

"It was a bit of a shock when Ted said I think we should move. He'd done all the research without me knowing, before dropping the bomb shell!"


Living in Olney

Olney is a charming Georgian market town in Buckinghamshire that has a thriving local community. The high street is teeming with artisan food and drink providers, independent shops and unique suppliers. Plus, Olney holds weekly markets in its historical centre, as well as a monthly farmer's market. And, during the summer months, you can enjoy the stunning floral displays with which the town is decorated.

The town's star attraction is the world-renowned Cowper and Newton Museum. The museum beautifully documents and celebrates the lives of these two extraordinary men. William Cowper, a celebrated 18th century poet, and John Newton, a prominent abolitionist, lived in the town and together wrote one of the world's most popular hymns, Amazing Grace. Discover more about their fascinating lives in Olney and explore the delightful cottage gardens.

A wide variety of events are also held in Olney every year. On Shrove Tuesday, the town comes together for some fun in its historic Pancake Race, which dates back as far as 1445. Throughout summer, a range of fairs and shows are held, including the Cherry Fair in June (which harks back to Olney's cherry production days), a Motorama in July and the Big Olney Food Festival in September. As the nights draw in, you can look forward to Olney's spectacular firework display in November, and the town's Victorian Christmas Fair and craft show are heart-warming festive occasions for all the family.

Olney Facts:
14 miles 
from Northampton
Penny House
1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS
View interactive map
  • Conveniently situated close to these local amenities:
  • Argos
  • Bus Stop
  • Doctors
  • Sainsburys

Situated within this quiet market town, our development is close to many of its amenities, bars and shopping options. The Olney Co-Op is just under 1 mile away, as are top restaurants like the Swan Inn and Teapots. Further afield, 1.5 miles south of Olney, you’ll find Emberton Park Sailing Club.

For transport, the A509 also runs through the town and is the main roadway in and out of Olney.

Getting to Location

If you are using a Sat Nav system you may need the full address of this development. The postcode may be newly created by Royal Mail and may not be accurate for some months.

Our people

The Team at Penny House

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a person with long hair
Charlotte Grant
Sales Consultant
I joined MCS early July 2023, and I am thrilled with the decision I made. I joined the new homes industry in 2008 and have worked with many developers, MCS are a quality builder and their retirement living is just amazing, It is a pleasure to represent MCS and provide retirement living solutions.

Offers Too Good To Miss

  • a yellow couch with wine bottles

    Move For Free this Summer!

    With our Summer offer you can Move For Free* ! Enjoy retirement living to the full, without paying in full. That's because with our Move for Free offer we’ll pay your stamp duty + your estate agent, removals and legal fees*. Making now, the ideal time to move to our beautiful development in Olney!

    Reserve before 30th August and complete by 25th October 2024 to take advantage of this offer.**

    To find our more please call 0800 201 4811.

    *T&Cs apply.

    ** Offer available on selected properties.

  • 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 couple of women eating at a table

    Part Exchange for a fast and hassle-free sale

    With Part Exchange, we can act as a cash buyer for your home. There’s no estate agent fees, no viewings 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.

Useful Links

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.