McCarthy Stone
Penny House
Retirement living in Olney, Milton Keynes
Operated by McCarthy Stone
What do these badges mean?
- Peaceful Neighbourhood — Among the lowest for recorded anti-social behaviour and public disorder of comparable areas (police-recorded crime).
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About
Penny House is a retirement living development in Olney, Buckinghamshire, operated by McCarthy Stone. The scheme offers one-bedroom apartments alongside larger two-bedroom homes, available for purchase or rental. Guide prices for purchase start from £280,000 for one-bedroom properties, with two-bedroom apartments from £310,000 and £410,000 depending on size. Rental options are available from £2,565 and £2,800 per calendar month. Shared Ownership is also offered, starting from £150,000.
The development is situated close to the River Great Ouse, with access to local walks and countryside views. Olney town centre nearby provides independent shops and local amenities for residents to use day to day.
Food hygiene rating
Very good
Food Standards Agency · inspected November 2024
What's nearby
- Near a main road
- Fire station about 600 m away
Straight-line distances. Road and rail noise from government strategic noise mapping (modelled, not measured). A&E departments from the NHS website. Locations © OpenStreetMap contributors.
What’s in the area
Outdoor Spaces
- AllotmentsSparse
- Play SpaceAdequate
- Golf CourseLimited
- Public ParkSparse
- Tennis CourtAdequate
- Bowling GreenSparse
- Playing FieldAmple
Local Amenities
- Pubs & BarsSparse
- Restaurants & CafesAdequate
- Retail ShoppingAdequate
- SupermarketsSparse
- TakeawaysSparse
Gallery
Care fee trajectory
| Year | Council rate (per week) |
|---|---|
| 2024 | £891 |
| 2025 | £936 |
Local health safety net
Penny House is backed by a local NHS health network. The nearest A&E is Northampton General Hospital, 9.3 miles away. The local GP practice is COBBS GARDEN SURGERY, 0.4 miles away, rated ‘Good’ by the CQC.
Nearest services from NHS ODS + postcodes.io + CQC, by straight-line distance.
Costs at a glance
Figures are indicative and provided by the operator. Use the calculator below to estimate the long-term cost of ownership.
The real 10-year cost of a retirement flat
The purchase price is only part of the picture. Service charges and an event (deferred-management) fee on resale add up — and retirement flats often don’t rise in value like ordinary homes. Adjust the figures below to see an illustrative total for Penny House.
≈ £8,800/year · £169/week
Illustrative only — a transparent model, not a quote, valuation or prediction. Event fees, service charges and resale values vary by scheme and contract; confirm the actual figures and full lease terms with the operator before deciding.
Community & connection in Olney
Local clubs, charities and support groups that help older residents stay active and connected.
Age UK Milton Keynes
Age UK Milton Keynes is a charity working with and for older people in the Borough of Milton Keynes to make a real and positive difference that contributes to their wellbeing and quality of life.
Milton Keynes Irish Welfare Support Group
We hold a weekly lunch club for the over 65's in our local community.The members have a hot meal, play bingo and have a weekly raffle, they also have a keep fit class every week. We have a welfare…
Showing groups across Milton Keynes.
Part of McCarthy Stone
Penny House is one of 388 properties run by McCarthy Stone on AskBart. See how the group's properties are rated and where it operates.
More retirement homes near Olney
Information last reviewed October 2026.
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