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Teedon Lane, Olney, Buckinghamshire, MK46

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

520 sq ft

48 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • 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

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.

Overview

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.

Services

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.

Utilities

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

Situation

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.

Brochures

Web Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Teedon Lane, Olney, Buckinghamshire, MK46

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About Michael Graham, Olney

Osborn House 20 High Street Olney MK46 4AA
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Established for over 50 years, Michael Graham has a long heritage of assisting buyers, sellers, landlords and tenants to successfully navigate the property market. With fourteen offices covering Olney and the surrounding villages as well as the neighbouring areas of Buckinghamshire, Bedfordshire, Cambridgeshire, Hertfordshire, Northamptonshire, Leicestershire, Warwickshire and Oxfordshire, we have access to some of the region's most desirable town and country homes.

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Established estate agency for over 50 years.

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For quality, service and trust.

Complete Service

From property buying, renting and letting to private finance and land acquisition.

London Calling

Marketing homes from our region to London and Home Counties buyers looking to relocate

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Disclaimer - Property reference OHO210088. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Graham, Olney. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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