Penny House
1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS.jpg?mw=1000&hash=A6996B575428D6B754FAB4FE5DACE46E)
.jpg?mw=500&hash=C1FDBDE654FDD21F966D1FA0BD70DAA1)
/6-2604_lny_pnn_rp_col_04.jpg?mw=500&hash=8AC1AB224C695720451ACB58D739FC98)
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.
*T&Cs apply- Available now
Over 65s retirement property for sale and Shared Ownership 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.
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 manager on-site 24/7
- 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 retirement homes 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
Opening hours: Tues - Sat 10:30 - 17:00
Shared Ownership 75% example share/no rent
- 1 bed from £198,750
Purchase
- 1 bed from £289,999
- 2 beds from £399,999
Rental available
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
- 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, Sara 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 Friday nights at the Penny Arms, chair yoga and fizz Fridays
Key Features Key Features for Penny House
- 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
Useful documents
Additional brochures available for instant PDF download
These properties are available for sale, rent and Shared Ownership
We’ve 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 and 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 we’ll buy the property from you 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:
- Valuation:
Three independent local estate agents and a surveyor will value your property. - 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. - 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? No service charge is payable when you rent.
* To be offset against your initial payment and fully refundable should your tenancy not proceed
An Assured 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 at the end of 12 months, then you can serve notice after 10 months to give two months’ notice. The notice period is always two months.
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. Your rent includes all of the development’s service charges, ground rents (if applicable) and property maintenance.
Contact us online or call 0800 201 4811 for more information about our retirement rentals.
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.
- 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.
- 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. If you purchase a lower share of the property, you will pay rent on the outstanding share. It provides a more affordable way to buy one of our retirement properties.
McCarthy Stone’s Older Persons Shared Ownership is run in partnership with Homes England and is ideal for those who want to enjoy the McCarthy Stone lifestyle without paying the full purchase price. OPSO means you can purchase a share of 75% or 50% of the overall property value.
- If you choose to buy 75% of the property, you won’t have to pay rent on the outstanding share.
- If you buy a 50% share you’ll pay an affordable monthly rent on the remaining 50%. It is only available on select properties.
To qualify for Older Person’s Shared Ownership, you need to be 55 or older. Additionally, there will be age criteria for the McCarthy Stone retirement development you want to buy in (usually over 60 for for Retirement Living and over 70 for Retirement Living PLUS). Apart from that, the main criteria is that you must own only one property and have a household income of less than £80,000 (£90,000 in London).
No. We offer a wide selection of Older Persons Shared Ownership properties across England. However, not every McCarthy Stone development offers Older Persons Shared Ownership and not all properties at every development are eligible. If you want to know whether a specific development has Shared Ownership available you can message us online or call our friendly Sales Consultants on 0800 201 4811.
McCarthy & Stone (Shared Ownership) Limited will become your landlord on the share you don't own.
Before entering into an Older Persons 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'd like to take up our Shared Ownership offer, we require you to have a financial assessment with an Independent Advisor. This is to make sure you can afford the ongoing costs now 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
On-site car parking and disabled parking for homeowners and guests is usually available but varies depending on the individual retirement village or development.
Any questions about parking? Call 0800 201 4811 or contact us online.
With Older Persons Shared Ownership you are eligible to claim up to £500 a year to help with essential repairs for ten years. 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. Find out more about Older Persons Shared Ownership.
How much is the service charge?
- 1 bedroom apartment £197.79 per week reviewed annually
- 2 bedroom apartment £256.86 per week reviewed annually
- Renting? Service Charge paid by the property owner, not by the tenant.
Examples show prices available at this development
We don't make a penny from our service charges
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.
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
We're here to help every step of the way
Key features of our retirement properties
Contemporary spaces
With stylish fitted kitchens, bright spacious living rooms and attractive modern bathrooms.
Ergonomic design
Our properties are packed with clever, and subtle, design features to make life easier as we age.
Safety and security
Including 24-hour emergency call out, fire detection, intruder alerts and door camera entry.
Energy efficient
Well-insulated and warm so you can stay cosy whatever the weather and save on bills too.
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.
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.
Meet the team at Penny House
Charlotte
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.
Your local amenities at Penny House
1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS
- 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.
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.
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
Gardening Club
At developmentJoin the green fingered gang and get planting in the communal beds.
Nature Walks
In local communityThis development is ideally placed for walking trails and nature spotting.
Local Restaurants
In local communityYou’ll find a range of eating places to suit all tastes close to this development.
Market
In local communityFind fresh local produce, baked goods, food stalls and gifts at the local market.
Meet our happy homeowners
/mcs-ss2411626_f_rgb.jpg?mw=720&hash=EB2DB62D8364326112EB30BC92FC596E)
Moving house, we know, is one of the most stressful times. Doing so when you are a single, over 80 years old lady can add even more stress and anxiety.
However, what if this move is into a McCarthy and Stone Retirement Complex, which is being managed for you by someone who is always smiling and calm and is ready to go one step further to make the process bearable..........Step forward Charlotte, the Sales Consultant at Penny House in Olney.
Linda Darbon, Homeowner at Penny House
Join us for our upcoming events
You’ll meet our friendly team and have the opportunity to chat to some of the homeowners who already call Penny House home.
Whilst you’re here, you may wish to take a tour of our stunning show apartments and discover the McCarthy Stone lifestyle for yourself.
Feel free to bring your family and friends along too.
To book your place call 0800 201 4811 or
Book onlineWelcome Wednesday
Join us and enjoy a cup of tea or coffee and light refreshments in the Homeowners Lounge.
You’ll meet our friendly team and have the opportunity to chat to some of the homeowners who already call Penny House home.
Whilst you’re here, you may wish to take a tour of our stunning show apartments and discover the McCarthy Stone lifestyle for yourself.
Feel free to bring your family and friends along too.
To book your place call 0800 201 4811 or
Book onlineWhether 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.”
To book your place call 0800 201 4811 or
Book onlineVisit Our Open House Event
Join us for an exclusive Open House Event 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.”
To book your place call 0800 201 4811 or
Book onlineFind the latest promotions and seasonal special offers here
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.
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.
Try before you buy
If you’ve been thinking about what living in one of our developments is really like, now is the perfect time to give it a try. We are offering a complimentary two night stay in one of our fully furnished retirement apartments.
To arrange a stay call us on 0800 201 4811.
Similar retirement developments nearby
Rosebud Court | Wellingborough
Retirement Living- Properties 1 available
- Bedrooms 2 bed available
- Rent from £1,680 pcm
Jupiter House | Milton Keynes
Retirement Living- Properties 1 available
- Bedrooms 1–2 beds available
- Rent from £1,845 pcm
Wellingborough | Wellingborough
Retirement Living- Properties 53 available
- Bedrooms 1–2 beds available
- Shared ownership available
Oakhill Place | Bedford
Retirement Living PLUS- Properties 2 available
- Bedrooms 1–2 beds available
- Purchase from £250,000
- Rent from £2,350 pcm
Bluebell House | Milton Keynes
Retirement Living PLUS- Properties 14 available
- Bedrooms 1–2 beds available
- Shared Ownership 75% example share/no rent £153,750
- Purchase from £195,000
- Rent from £2,575 pcm
Clemens Place | Ampthill
Retirement Living- Properties 1 available
- Bedrooms 1–2 beds available
- Rent from £3,055 pcm
Daventry | Daventry
Retirement Living- Properties 40 available
- Bedrooms 1–2 beds available
- Purchase available
Corby | Corby
Retirement Living- Properties 53 available
- Bedrooms 1–2 beds available
- Shared ownership available
Hitchin | Hitchin
Retirement Living- Properties 38 available
- Bedrooms 1–2 beds available
- Purchase available
Looking for pre-loved?
Browse our range of beautiful pre-owned retirement properties
Continue exploring Penny House
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.