Neighbors described seeing a group of youths congregate on the street yesterday evening before hearing shouts and screams.
Emergency crews arrived minutes later and performed CPR where Ollie collapsed in the road.
Police confirmed the suspect and the victim are known to each other and are not currently looking for anyone else in connection with the incident.
Neighborhood Neil Jones said the victim and the arrested boy had been good friends.
He said: “The boy who has been arrested was a popular boy.
“It’s a shame because they really were the best of friends. It’s shocking really.”
One resident, who asked not to be named, said police had guns drawn as they made an arrest at the scene.
He said: “I looked out of my window and they pointed their guns up at me.”
Estelle Wilson said: “I heard a noise and then more noise.
“My son said he heard someone shout ‘oh sh **’ at about 11. (**************************************************************************, then he heard what he thought was a van. “
Another neighbor added: “Ollie was such a kind-hearted guy.
The suburban street remains cordoned off by police this morning and a forensics tent erected in the middle of the road where the teenager collapsed.
Tributes to Ollie have been posted on social media following the tragedy.
Bailey Saint wrote on Facebook: “RIP Ollie Wlls. Gone but never forgot.”
Elisse Chloe added: “RIP Ollie Wells. Fly high your gonna (sic) be missed.”
Detective Inspector Simon Dunn of the Surrey and Sussex Major Crime Team said; “This is a tragic incident and we are working to establish the full circumstances.
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“It is already clear that the victim and his alleged assailant are known to each other and we are not currently looking for anyone else suspected of having been involved in the attack itself.
“We are keen to speak to anyone who was in the vicinity of Ship Street and Elphick Road in the late evening and who may have witnessed an altercation between two individuals.
“Anyone who saw what happened, or who has any other information that they feel would help our enquiries is asked to contact us online or by calling 101, quoting Operation Tamworth. “
7 Friends have paid tribute to Ollie Wells on social media
7Elphick Road in Newhaven remains cordoned off by police today
7
Armed police were called to the scene at around (************************************************************************************. pm last night
7 (A) – year-old boy was arrested at the scene
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