This Retirement Living PLUS development in Olney is situated within wide open stretches of countryside, with Olney town centre just 0.7 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 will have Juliet balconies or walk-out balconies from which you can enjoy the stunning scenery.
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.
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, from which there are regular bus services into town. And, from Milton Keynes Central, you can even reach London by train in just half an hour.
Development Highlights
- Beautiful countryside location
- Apartments with balconies available
- Car parking, cycle store and scooter room
- Comprising 1 and 2 bedroom apartments
- Staffed 24 hours a day for peace of mind
- On-site bistro serving high-quality meals
Key Features
- 24 hour staffing
- Balconies
- Bistro
- Estates Manager
- Guest suite
- Communal lounge
- Landscaped gardens
- Lifts to all floors
- Near the countryside
Interactive Site Plan
Our interactive site plan allows you to explore this retirement development. Click the tabs to view each floor, with G being the Ground Floor. You’ll see that one-bedroom retirement homes are shown in yellow and two-bedroom apartments are shown in purple. Any retirement property shown in red is already reserved, sold or rented out. When you click on an available property, you’ll be given information about the sale and/or rental prices (all rental prices include service charges and ground rent). You can then click on ‘view property’ to find out more.
Explore properties:
Great Homes for Sale and Rent
Occupancy options
The properties at this development are leasehold properties with a term of 999 years from and including 01/01/2022
* To be offset against your initial payment and fully refundable should your tenancy not proceed
- Communal area costs inc. electricity, heating and lighting
- Future maintenance fund
- Water and sewage (communal areas and apartments)
- Ground rent
- Maintenance of building and gardens
- Emergency call system
- Building insurance
- Active social calendar of events and exclusive discounts
- Dedicated on-site team
What's not included in the rent?
- Electricity, heating and lighting (apartments)
- Phone / broadband
- Council Tax
- TV licence / TV service
- Home and contents insurance
What is an Assured Tenancy?
Assured Tenancy means that you agree to rent the property for a minimum term of 12 months, but after that you can leave at any time as long as you give two months written notice. We can’t ask you to leave unless you have broken the terms of the agreement.
I want to rent. What checks do you carry out and what do I need to prepare?
We’ll ask you to complete a Rental Application Pack and an Income and Expenditure form to get 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 be asked to provide identification documentation that complies with the latest Government Right to Rent regulations – our sales consultants will talk you through what you need.
Do I need to pay a reservation deposit?
Yes, you will need to pay a small refundable reservation deposit to reserve the property. You will also have to pay a security deposit equivalent to five weeks rent when you move in.
What do I have to pay before moving in?
Before you can move into your property, you will need to pay the first month’s rent together with your security deposit, minus the reservation deposit you’ve already paid.
The security deposit is equivalent to five weeks rent. Don’t worry, we’ll make sure you know the exact amount you need to pay in plenty of time.
McCarthy Stone is part of the Tenancy Deposit Scheme, membership number G10625. Download the Tenancy Deposit Scheme leaflet.
What date are rental payments due?
All rental payments are due on the 1st of each month and must be paid by direct debit. Your rent includes all of the development’s service charges, ground rents and property maintenance.
It’s an affordable approach to owning a stunning new retirement home:
- You may be able to access cash tied up in your existing property (known as ‘equity release’)
- You can choose to buy a bigger percentage of the property in the future – this reduces the rent you pay
- If you want, we can buy your existing property as a part exchange
- You’ll be eligible for our free Smooth Move removal service, plus a contribution to legal and estate agent fees
The rent is set at the point of purchase. Annual rent review on the date specified in your lease will be indexed to movements in the Retail Price Index (RPI) subject to a minimum 0.5%. RPI has been in the range c.1-4% since 2013 and was 3.3% in March 2018. 3.3% is equivalent to an extra £1.98 per week for typical rent of £60 per week.
What is Part buy, part rent?
A flexible, affordable alternative to outright purchase, with all the benefits of ownership. For more information call: 0800 201 4811
How it works
You purchase a minimum 50% share in a brand new McCarthy Stone retirement property and pay rent on the part you don’t own.
Benefits include:
It’s an affordable approach to owning a stunning new retirement home
- You may be able to access cash tied up in your existing property (known as ‘equity release’)
- You can choose to buy a bigger percentage of the property in the future – this reduces the rent you pay
- If you want, we can buy your existing property as a part exchange
- You’ll be eligible for our free Smooth Move removal service, plus a contribution to legal and estate agent fees
Is private shared ownership available at all McCarthy Stone developments?
No. This offer is available at selected McCarthy Stone developments, so make sure you check with the sales team on site.
What % of the property do I have to purchase?
70% is the standard option – there are options to increase this over time, known as staircasing.
What is staircasing and how does it work?
What further costs and fees are involved You can purchase further 10% increments, based on valuation at that point. You can staircase to 100% at which point the property would be wholly owned. You would stop paying rent, but service charges and ground rent continue to be payable to McCarthy Stone.
Each time you staircase you need to plan for additional costs such as valuation fee, legal expenses, SDLT*/LTT** if applicable.
*Stamp Duty Land Tax **Land Transaction Tax (LTT) has replaced SDLT in Wales from April 2018
Do I pay Stamp Duty Land Tax (SDLT) or Land Transaction Tax (LTT) on a private shared ownership property?
You will need to pay SDLT*/LTT** on a private shared ownership property, but you may have less to pay than if you had purchased outright. You should seek advice from your solicitor to confirm how much SDLT you have to pay.
*Stamp Duty Land Tax **Land Transaction Tax (LTT) has replaced SDLT in Wales from April 2018
How much rent will I have to pay and how will that change over time with rent reviews?
The rent is set at the point of purchase. Annual rent review on the date specified in your lease will be indexed to movements in the Retail Price Index (RPI) subject to a minimum 0.5%. RPI has been in the range c.1-4% since 2013, and was 3.3% in March 2018. 3.3% is equivalent to an extra £1.98 per week for typical rent of £60 per week.

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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!"
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.
- Conveniently situated close to these local amenities:
- Amenity
- Argos
- Bus Stop
- Doctors
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 0.5 miles 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.
Related Developments
Offers Too Good To Miss
Early Bird Offer
Reserve a beautiful 1 or 2 bedroom apartment at our new development Penny House in Olney and we’ll give you £10,000 off your purchase price*.
This offer is available alongside our hassle-free Smooth Move* scheme, which will see you benefit from £2,500 towards your estate agency fees*, £1,000 towards your legal fees* and our full removals package* including handyman service.
Enquire about this great offer today, call us on 0800 201 4811.
*Reserve by the 27th May 2022 and legally complete by 28th October 2022 to be eligible. *This offer cannot be used in conjunction with any other offer unless specified and may be withdrawn at any time.
#Subject to availability. T&Cs apply. See here (insert smooth move link to ‘here’) and speak with our friendly sales team for full details.
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.
Useful Links
- COVID-19 response: our communities are consistently safer - find out why
- Retirement Living or Retirement Living PLUS? Which development type is right for you?
- Homeowner testimonials: what’s it really like to move into our developments?
- Creating communities: read more about our unrivalled properties, services and lifestyle
- Shopping made simple: discover our exclusive telephone-based supermarket delivery service
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.