Summary - ST MARYS SCHOOL, WRESTWOOD ROAD TN40 2LU
2 bed 1 bath Flat
Shared Ownership new-build ideal for first-time buyers seeking seaside living and future staircasing.
- Shared Ownership 50% share available at £137,500 (full value £275,000)
- Rent on unowned share 2.75% (£315.10 pcm at 50% share)
- Lease length 124 years remaining
- Estimated service charge £1,872.96 per year
- Two double bedrooms; open-plan living and dining
- New-build apartment with modern finishes
- Slow broadband speeds in the area
- Council tax band unknown; check before purchase
A bright two-bedroom new-build apartment offered through Shared Ownership, ideal for first-time buyers seeking a coastal base in Bexhill-on-Sea. The open-plan living room benefits from large windows and neutral finishes, creating an airy living space across an average-sized 766 sq ft layout. The development is contemporary and corner-sited, with good mobile signal and no local flood risk.
This is a 50% shared ownership offer at £137,500 (full market value £275,000) with the option to buy up to 75% initially. Rent on the unowned 50% is charged at 2.75% (around £315.10 pcm), and the estimated service charge is £1,872.96 per year. The lease has 124 years remaining—ample for mortgage lenders and future staircasing.
Notable practical issues: broadband speeds in the area are slow and the service charge is relatively high for a two-bedroom flat. Council tax band is not provided. Buyers should factor ongoing rent and service-charge costs into affordability calculations and check the detailed Key Information Documents before committing.
Location strengths include proximity to Bexhill town centre, seafront amenities and good rail links for commuters. Local schools include several rated Good or Outstanding, which may suit young families or long-term owners planning for schooling needs.
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