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

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Chelsea 1902

Annual report for 1902 of the Medical Officer of Health

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To produce a net rental that will meet the instalments and interest on the loans, it will be necessary to fix the rents of the various tenements as under:

g. v.R. V.
s.d.£s.d.££
35 1-room tenements at36626210175
130 2 „6039001,4921,221
96 3 „ „86401601,4831,186
Average rent per room211½851863,1852,582
52
Gross Annual Rental£4,468 0 0l. c. c.J. s. & s.
Rents Receivable4,4684,468
Outgoings.l. c. c.J. s. & s.
Empties and losses£134£35
Two tenements38
Rates724724
Taxes165165
Water103103
Gas9191
Repairs and renewals447268
Supervision (local)188 10300
„ (head office)86 10
Contingencies11130
£2,088£1,716£2,088£1,716
(47%)(38%)£2,380£2,752

The L.C.C. Housing Department estimate empties and losses at
3 per cent. of gross rentals, and repairs and renewals at 10 per cent.
Messrs. Joseph, Son, and Smithem estimate empties and losses at
under 1 per cent., and repairs and renewals at 6 per cent.
The net rental taken as £2,380 will pay 3.7 per cent. on the total
capital outlay of £65,000; taken as £2,752, will pay 4.2 per cent. on
£65,000.

Loan of £12,700 for land for 60 years, at 3£%—

£s.d.£s.d.
Interest444100
Instalment222162
66762

Loan of £52,300 for building for 60 years,

at 3£%—
Interest and instalment in one sum on the annuity system2,09790
£2,764152