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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118
Report of the Medical Officer of Health.
The financial aspect is set forth upon the statement submitted herewith,
our approximate estimate of capital outlay being £44,100, made up of £39,300
for the buildings and £4,800 for the site.
The financial statement indicates the gross and nett rentals that can be
reasonably expected, based upon our experience 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: 10: 4 per cent. per annum, 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)1£37,181
Land (£4,000 + £800)4,800
Architect's Commission1,859
Clerk of Works salary (say)260
Total Cost£44,100

Estimated Revenue—

Front Block Back Blocks

£s.d.
5 four-room tenements @ 9/6 per week276
25 three-room „ @7/6 „976
20 two-room „ @ 5/6 ,,1500
5 four-room ,, @9/- „250
65 three-room „ @ 7/- „22150
45 two-room „ @5/- „1150
20 single-room ,, @3/- ,,300
185 tenements containing 460 rooms£56100
52
Gross Rent per annum£2,93800
Deduct 38 per cent. for outgoings†1,11600
Nett Rent per annum£1,82200
Sinking Fund at 3 per cent. to repay total outlay in 60 years27000
Nett Revenue per annum£1,55200

Or sufficient to pay at the rate of £3: 10:4 per cent. per annum.
*CUBINGS—942,869 cubic feet at 9¼d. = £36,338
16,872 „ „ „ 1s. = 843
£37,181
† Including Rates, Taxes, and Gas, 21 percent. on Gross Rentals; Insurance,
Superintendence, Management, and sundries, 11 per cent. on Gross