1 bedroom apartment

Apartment

1-bedroom apartment · 48 m² · from £280,000

1 bedroom apartment is a 1-bedroom apartment of 48 m² at Penny House, McCarthy Stone's development in Olney MK46 4FS. Prices start from £280,000 leasehold, 6 homes are available.

Prices from£280,000

Homes available6

Next completionTBC

TenureLeasehold

Energy rating -

Parking -

Details taken from McCarthy Stone's website on 21 October 2026; not yet confirmed by McCarthy Stone.

Specification

Lease length: 999 years
Service charge: £11,201 / yr

Other property types at Penny House

2 bedroom apartment2-bed apartment · from £390,000

Contact McCarthy Stone

Phone0800 ••••••

Sales suite1 Teedon Lane, OlneyBy appointment only

Development page →

Mortgage calculator

Based on 1 bedroom apartment from £280,000. Illustrative only - not advice.

Estimated monthly payment£1,277 / month10% deposit · 30 years · 4.5% fixed

Property price (£)

Deposit£28,000 (10%)

TermInterest rate (%)

Loan amount: £252,000
Loan to value: 90%
Total repaid: £459,665
Total interest: £207,665

Stamp duty on £280,000: £4,000 moving home, £0 as a first-time buyer (England & Northern Ireland).

Repayment mortgage, fixed rate assumed for the full term. Your home may be repossessed if you do not keep up repayments on your mortgage.

Local market

The average new build in Milton Keynes sold for £517,635 in July 2026; this apartment is −46% below that.

Gross yield leaves out service charges, ground rent, letting costs, void periods, mortgage interest and tax, and new builds often let for more than the area average. Not advice. Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.