London's Pulse: Medical Officer of Health reports 1848-1972

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Wandsworth 1902

[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)*£32,859
Land at 2s. 6d. per foot super4,864
Architect's Commission1,642
Clerk of Works Salary (say)235
Total Cost£39,600

Estimated Revenue.

£s.d.
Front Block5 four-room tenements @ 9/6 per week276
40 three-room „ @ 7/6 ,,1500
30 two-room „ @ 5/6 „850
Middle and Back Blocks10 four-room „ @9/- ,,4100
30 three-room „ @ 7/- „10100
34 two-room „ @ 5/- „8100
22 single-room „ @3/- »360
171 tenements containing 420 rooms£5286
52
Gross Rent per annum£2,72620
Deduct 38 per cent, for outgoings†1,03020
Nett Rent per annum£1,69600
Sinking fund at 3 per cent. to repay total outlay in 60 years24300
Nett Revenue per annum£1,45300

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