70% purchase option for qualifying first buyers with no rent payable.
70% shared ownership price £214,500 with no rent to pay
A brand-new, one-bedroom apartment released under the First Homes scheme, offering 70% shared ownership at £214,500 with no rent to pay on the retained share. The apartment sits on the first floor of a contemporary small development in Newick, set within attractive Sussex countryside and convenient for local shops, schools and commuter links.
Internally the home offers open-plan kitchen/living space, a double bedroom with built-in wardrobes and a bathroom. The overall footprint is generous for a one-bedroom at about 953 sq ft, and the finish reflects new-build standards including double glazing and modern electric heating.
Buyers should note practical details: this is a long leasehold (150 years) with a peppercorn ground rent, forecast annual service charge of £822 and an estate charge of £162.99 (total shown service charge £984.99). Heating is by electric storage heaters and the walls are cavity with assumed no added insulation — the EPC is C.
This is aimed squarely at qualifying first-time buyers seeking an affordable route onto the local market in a peaceful, well-connected village. The property offers low local crime, fast broadband and excellent mobile signal — good for home working — but buyers wanting low-energy heating or additional insulation should factor potential upgrade costs.
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