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Flat 25, Penny House

1 Teedon Lane, Olney, Buckinghamshire, MK46 4FS


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Property Highlights

  • Retirement Living PLUS development in Olney
  • Communal areas where you can meet fellow residents for long lunches or coffee and cake
  • Sainsbury's supermarket a short stroll away
  • On-site chef run bistro with changing seasonal menus
  • Staff on call 24/7 and a dedicated Estate Manager
  • Tailored domestic support and personal care available
  • Laundry service collection and return available
  • Incentives available call Michael Graham for details

Property description

A one bedroom first floor apartment, 50% part buy, part rent of £338.02 per month, exclusively for the over 70s', situated within a private retirement development within walking distance from amenities in the Georgian market town of Olney.

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. Assisted living facilities and services include a sociable restaurant, an hour's cleaning every week, or more if you want it. Plus the option of tailored personal care. Our support services are totally flexible, so you can have as much help as you want with daily life and only pay for what you use. While the communal areas are designed to become social hubs, your retirement home is owned by you, and it totally self-contained, giving you a blend of privacy, community, and support.


Penny House offers a choice of 48 one and two bedroom apartments. All feature a range of integrated appliances throughout, and principal bedrooms with fitted or walk-in wardrobes to most apartments. Many will have Juliette or walk out balconies with views across the landscaped gardens.


You will benefit from a CQC regulated manager who runs the development the development, fixes issues and is on hand to help. There will always be a manager on site 24/7 in case of emergencies. On-site support is provided by a friendly team.Services include:* Domestic assistance - one hour per week of domestic help include in the service charge. The team can help with cleaning, changing beds, grocery shopping and posting letters.* Personal support - you can choose the support you need when you need it. We can help with things like getting up in the morning, preparing breakfast, medical appointments, and convalescence.* Laundry service - the team can collect your laundry and return it washed and ironed.

Part Buy, Part Rent

The property is offered under the McCarthy & Stone part buy, part rent scheme.The asking price quoted is for a a 50% share in the property. In addition to the purchase price, rent will be charged at £339 per calendar month for the remaining 50%.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.


The developer has informed us that all apartments have digitally controlled electric radiators and is on mains electricity and drainage.


Olney was recently featured in the Sunday Times “best places to live 2022”and has shops, pubs and restaurants, a weekly market and a monthly farmers’ market. There are clubs for football, rugby, tennis, cricket and bowls and it is less than a mile from Emberton Country Park.

Agents notes

The photos shown are of the furnished show apartment and should only be used as a general guide to specification and finish.

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Select a date and time If you would like a viewing sooner, or to talk to a member of our team before requesting a viewing, please call us on 01234 712424.

Mortgage Calculator

Our online mortgage calculator will give you an outline of the monthly costs and Stamp duty applicable for your purchase. Full detailed quotes can be obtained by calling 01908 307306 and speaking to an adviser.

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