Retirement Homes for sale/shared ownership in Buckinghamshire | Penny House

Landscaped gardens

Living room

Retirement Living Plus at Penny House

Make Penny House your home with Shared Ownership!

Beautiful bistro

Beautiful bistro

Stylish communal lounge

Bedroom

Living room

Shady gazebo perfect for resting after a busy morning in the potting shed

Kitchen

Communal Garden

Bedroom

Wellness suite

Stunning countryside views

Shared Ownership

1 bed from £155,000/£356 pcm
2 beds from £195,000/£447 pcm

Purchase

1 bed from £295,000
2 beds from £414,999

Request a visit

Freephone:

0800 201 4811

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

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
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
Estate Manager, Sara onsite 24/7 for your peace of mind
Gorgeous low maintenance and energy-efficient retirement properties to buy
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, chair yoga and fizz Fridays

Key Features

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

Featured properties

Great homes for sale

Penny House Apartment 46

Retirement Living PLUS

Beds 1
Floor 2
Size 66.21m²

Purchase £363,999

View property

Penny House Apartment 4

Retirement Living PLUS

Beds 2
Floor G
Size 75.02m²

Purchase £419,999

View property

Penny House Apartment 39

Retirement Living PLUS

Beds 2
Floor 2
Size 75.02m²

Purchase £425,999

View property

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 a pale green and two-bedroom homes are in blue. 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 burgundy are already reserved, sold or rented out, but may be available on our resales website.

Explore properties

Our people

The Team at Penny House

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.

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 part of your home and pay rent on the rest, so you can move in and enjoy the benefits of the McCarthy Stone lifestyle without committing to outright purchase. The Shared Ownership scheme is run in conjunction with Homes England, our government approved partner.

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 to guest suites and sundry income
Development staff
Future maintenance fund
Restaurant
Domestic assistance

What's not included?

Electricity, heating and lighting (apartments)
Home and contents insurance
Council Tax
Phone / broadband
TV licence / TV service

1 Bedroom Apartment

Service Charge *

£180.85

2 Bedroom Apartment

Service Charge *

£234.38

* Reviewed annually

You can enjoy the McCarthy Stone lifestyle without paying the full purchase price.
Buying a percentage share of the property allows you to manage your finances to cater for possible future needs.
If you buy 75% of the value of the property, there is no rent to pay on the outstanding share.
If you buy 50% of the value of the property, you will pay rent on the outstanding share.
You could claim up to £500 a year to help with essential repairs in the first 10 years.

With this scheme, you can purchase up to 75% of the value of your property – and if you own 75%, you won’t pay any rent on the outstanding 25% share. It provides a more affordable way to buy one of our retirement properties.

Shared Ownership is when you buy part of your property and rent the rest. It enables customers to enjoy a McCarthy Stone property without committing to purchase 100% of the property value. Homes England is the government approved provider of Shared Ownership schemes which enables us to deliver the ownership option. They regulate rental charges and fees applicable to the homes within this scheme.

No, Shared Ownership is available at selected developments and exclusions do apply. Speak to a Sales Consultant to find out more.

McCarthy & Stone (Shared Ownership) Limited will become your landlord on the share you don’t buy.

Before entering into the Shared Ownership agreement, we recommend that you obtain independent financial advice so you know what your new home will cost and that you can afford it.

If you take up our Shared Ownership offer, we require you to have a financial assessment with an Independent Advisor to make sure you can afford the ongoing costs both today and if your circumstances change. We will put you in contact with an advisor who has experience of Shared Ownership schemes and can assess your eligibility.

You should plan for some one-off costs associated with your purchase, including, but not limited to the following:

• Reservation deposit (which is deducted from your final purchase)

• Solicitors Fees and disbursements

• Stamp Duty Land Tax (SDLT) in England.

Your solicitor will be able to tell you if the tax applies and how much it will be

• Estate Agent fees if selling a current property

Car Parking spaces are available at some developments. Please ask the Sales Consultant for more details.

This covers items in the home that supply water and electricity such as basins, baths, toilets and also cables, but not fixtures, or appliances such as ovens or washing machines. Pipes and drainage items for heating and hot water are also included.

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.

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 to guest suites and sundry income
Development staff
Future maintenance fund
Restaurant
Domestic assistance

What's not included?

Electricity, heating and lighting (apartments)
Home and contents insurance
Council Tax
Phone / broadband
TV licence / TV service

1 Bedroom Apartment

Service Charge *

£180.85

2 Bedroom Apartment

Service Charge *

£234.38

* Reviewed annually

Many of our homeowners are pleased to find that the service charges for their apartment tend to work out at less than what they were paying in like-for-like costs at their previous property.

Energy bills often turn out to be lower thanks to the modern construction methods we use at all our developments. Your new apartment is also likely to be a more manageable size and so cheaper to run.

When Customers discuss the purchase of a McCarthy Stone apartment with us, they receive a service charge leaflet and our Sales Executive sits down with them to help them fill in the costs, review what is covered in the management services and compare them to day-to-day running costs in their current home. Our Sales Executive ensures that they have a detailed knowledge of ongoing costs before a sale is completed

Usually this can take between 12 to 16 weeks. We understand that some customers may have a time period that will more suitable for them and we aim to be as flexible as we can.

Yes. If you want a quick, simple way to sell your home and move into one of our retirement properties, then Part Exchange could be the answer. For more information please click here .

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. On average the McCarthy Stone Resales team achieve a net price increase on the retirement properties they sell. For example, for properties bought new in the last three years and since resold, the net increase averages 6%. View resale retirement homes.

Video

Retirement Living PLUS at McCarthy Stone

Watch: Retirement Living PLUS at McCarthy Stone

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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!

The local area

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.

Olney High Street
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Welcome to Olney
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Emberton Park
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Emberton Park
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High Street
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Olney Library
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McCarthy Stone - Proud Sponsors of Olney Riverfest 2023
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Sainsburys
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St Pauls Church
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Whirly Pits
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Cowper and Newton Museum
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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:

7,000

people

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.

Offer

Offers Too Good To Miss

Free Entitlement Advice
Did you know...
According to Age UK, every year £2.8 billion in Pension Credit and Housing Benefit goes unclaimed by older people, meaning over a million pensioner households are missing out*.
Our Entitlements Manager, Aleks Clayton can offer you free advice, help you fill in the forms and follow up on progress with an application, so if you're looking to purchase a McCarthy Stone property contact Aleks today.
*Source: Age UK - Benefit take-up and older people, January 2024
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.
View details
View T&Cs
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 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.
View details
View T&Cs

Related Developments

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.

Penny House