Hints from the Health Department. Leaflet from the archive of the Society of Medical Officers of Health. Credit: Wellcome Collection, London
[Report of the Medical Officer of Health for Wandsworth, Metropolitan Borough]
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116
Report of the Medical Officer of Health.
Our approximate estimate of the cost of the buildings is £34,736, including
commission and all other expenses, and taking the value of the site
for this special purpose at 2s. 6d. per foot super, the total capital outlay will
be £39,600.
We annex a financial statement, which indicates the gross and nett
rentals that can be reasonably expected, based upon our experiences in dwellings
erected for other public bodies, charging less than the rents ruling in
the neighbourhood, and this will show a nett return of £3: 13: 3 per cent.,
after allowing for a sinking fund invested at 3 per cent. to repay the total
outlay in 60 years.
Estimated Cost.
Buildings (5 floors high)* | |
Land at 2s. 6d. per foot super | 4,864 |
Architect's Commission | 1,642 |
Clerk of Works Salary (say) | 235 |
Total Cost |
Estimated Revenue.
£ | ||||
---|---|---|---|---|
Front Block | 5 four-room tenements @ 9/6 per week | 2 | 7 | 6 |
40 three-room „ @ 7/6 ,, | 15 | 0 | 0 | |
30 two-room „ @ 5/6 „ | 8 | 5 | 0 | |
Middle and Back Blocks | 10 four-room „ @9/- ,, | 4 | 10 | 0 |
30 three-room „ @ 7/- „ | 10 | 10 | 0 | |
34 two-room „ @ 5/- „ | 8 | 10 | 0 | |
22 single-room „ @3/- » | 3 | 6 | 0 | |
171 tenements containing 420 rooms | 8 | 6 | ||
52 | ||||
Gross Rent per annum | 2 | 0 | ||
Deduct 38 per cent, for outgoings† | 1,030 | 2 | 0 | |
Nett Rent per annum | 0 | 0 | ||
Sinking fund at 3 per cent. to repay total outlay in 60 years | 243 | 0 | 0 | |
Nett Revenue per annum | 0 | 0 |
Or sufficient to pay at the rate of £3: 13: 3 per cent. per annum.
*CUBINGS—796,566 cubic feet at 9d. = £29,871
68,310 „ „ ,, 10½d. = 2,988
£3,859
† Including Rates, Taxes, and Gas, 21 percent. on Gross Rentals; Insurance,
Superintendence, Management and sundries, 11 per cent. on Gross